FE ONLINE REPORT |
Oct. 21, 2021, 11:41 a.m.
Oct. 24, 2021, 9:29 a.m.
The stock markets trended lower in the early hours of trading on Thursday, with investors mostly reluctant to make new investments in stocks amid the ongoing gloom in trading.
Following the downtrend of the previous seven days, the market saw choppy trading this morning as the DSEX, the main index of the Dhaka Stock Exchange (DSE), rose 0.80 points to 7,021 after the first trading time at 11:00 a.m. a m.
Two other DSE indices, however, have seen a negative trend so far. The DS30 index, composed of blue chips, lost 2.42 points to settle at 2,653 and the Sharia index (DSES) lost 0.34 points to settle at 1,504 points at 11:00 am.
Turnover, another important market indicator, also fell to Tk 3.43 billion in the first hour of trading at 11:00 a.m.
Market analysts said investors have mostly maintained a cautious stance amid the ongoing market correction, while some are focusing on June closing stocks ahead of corporate and dividend declarations.
BATBC, Grameenphone, Beximco Pharma, Dutch-Bangla Bank lowered the index, said a stockbroker.
Of the issues traded so far, 190 advanced, 115 declined, 61 remained unchanged on the DSE trading floor.
Beximco was the most traded stock until this report was filed with shares valued at Tk 440 million changing hands, closely followed by Delta Life Insurance, IFIC Bank, Orion Pharma and BATBC.
The Chittagong Stock Exchange also saw a mixed trend with its Stock Price Index (CASPI) – dropping 19 points to stand at 20,501 while the Selective Categories Index – CSCX lost 9.18 points to 12,318 , also at 11:00 a.m.
Of the issues traded so far, 68 fell, 54 advanced and 26 remained unchanged with a turnover of Tk 73 million.