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Stocks open mixed amid volatile trading

| Updated: April 30, 2022 08:43:05


Stocks open mixed amid volatile trading

The market opened with a mixed trend on Tuesday as investors mostly followed cautiously to put fresh funds in stocks ahead of Eid festival.

Following the previous day’s mild correction, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 2.18 points or 0.03 to stand at 6,669, after the first hour of trading at 11:00am.

Two other indices, however, saw a negative trend till then with the DS30 index, comprising blue chips, losing 8.44 points to reach 2,468 and the Shariah Index (DSES) shed 1.42 points to stand at 1,453.

Turnover, another important indicator of the market, stood at Tk 1.85 billion within the first hour of trading.

Market operators said the profit-booking tendency among investors caused the market volatility.

The recent market rally backed by institutional support, prompted the retail investors for booking profit on quick-gaining stocks, they said.

Of the issues traded till then, 187 advanced, 116 declined and 61 issues remained unchanged on the DSE trading floor till then.

JMI Hospital Requisite Manufacturing was the most traded stock till then with shares worth Tk 240 million changing hands, closely followed by Unique Hotel, Orion Pharma, BSC and LafarhgeHolcim.

The Chittagong Stock Exchange also saw a downward trend till then with its All Shares Price Index (CASPI)— 28 points to stand at 19,571, while the Selective Categories Index – CSCX fell 17 points to reach 11,743 at 11:00am.

Of the issues traded till then 55 advanced, 39 declined,   and 10 remained unchanged with Tk 44 million in turnover.

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