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Stocks witnessed mixed trend in early trading on Wednesday with sluggish turnover as growing tension over the Covid-19 pandemic and floor price mechanism kept the investors almost stagnate.
Within 30 minutes of trading, DSEX saw a fractional loss of 0.70 point while the CSE All Share Price Index (CASPI) of port city’s bourse gained 1.10 points at 11:00 am when the report was filed.
DSEX, the prime index of the DSE, went down by 0.70 point or 0.02 per cent to stand 3,956 points at 11:00 am.
The DSE core index is hovering between 3,950 and 3,970 points in the past 11 sessions as most of the investors were reluctant to make any fresh investment amid worsening situation of the deadly virus.
Two other indices also saw fractional loss till then. The DS30 index, comprising blue chips, fell 0.62 points to reach at 1,325 and the DSE Shariah Index lost 0.02 points to stand at 918 points till then.
Turnover, the important indicator of the market, stood at Tk 70 million on DSE when the report was filed at 11:00am.
Market analysts said the worsening pandemic situation has made the market almost buyer-less in recent days as the outbreak is going to put a long-lasting adverse impact on the country’s economy.
Beximco was the most traded stocks till then with shares worth Tk 9.50 million changing hands, closely followed by Jamuna Bank, Linde BD, IFIC bank and Beximco.
However, the port city’s bourse – the Chittagong Stock Exchange – (CSE) saw positive trend till then with CSE All Share Price Index- CASPI-gaining 1.10 points to stand at 11,244 points, also at 11:00am.
The Selective Category Index – CSCX – also advanced 0.93 points to stand at 6,812 points till then.
Of the issues traded till then, 4 advanced, 6 declined and 22 issues remained unchanged with Tk 3.0 million in turnover.