Home Correction trading Stocks open the week on a mixed trend amid cautious trading

Stocks open the week on a mixed trend amid cautious trading

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Stocks opened the week with a mixed trend on Sunday as investors traded cautiously amid a lack of clear market direction.

After the modest correction of the previous week, the DSEX, the main index of the Dhaka Stock Exchange (DSE), fell by 1.46 points or 0.02% to settle at 6,757, after the first hour of trading. trading at 11 a.m.

Two other indices have also been trending negative so far with the DS30 index, comprised of blue chips, losing 2.66 points to hit 2,464 and the Shariah (DSES) index falling 0.18 points to slump. set at 1,456.

Turnover, another important indicator of the market, stood at Tk 1.965 billion as of 11:00 am.

Market insiders said investors remained cautious amid the ongoing conflict between Russia and Ukraine and escalating inflationary pressures.

Global price instabilities due to the ongoing conflict between Russia and Ukraine remain a major concern over Bangladesh’s future macroeconomic scenario, an investment banker said.

Of the issues traded so far, 165 advanced, 109 declined and 80 issues remained unchanged on the DSE floor so far.

Beximco was the most traded stock so far with shares worth Tk 275 million changing hands, followed closely by Orion Pharma, Fortune Shoes, Aamra Technologies and BDCOM Online.

However, the Chittagong Stock Exchange opened slightly higher with its All Stock Price Index (CASPI) – gaining 14 to settle at 19,838, while the Selective Categories Index – CSCX rose 9.0. points to reach 11,902 at 10:30 a.m.

Of the issues traded so far, 49 went up, 48 went down and 19 remained unchanged with a turnover of 32 million taka.

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