Dhaka stocks open marginally lower

FE ONLINE REPORT | Tuesday, 22 June 2021

Dhaka stocks opened marginally lower on Tuesday, after hitting a 41-month high the previous day, as cautious investors kept booking some profit on quick-gaining issues.

Following the previous day’s sharp gain, the market opened slightly lower as the DSEX, the prime index of the DSE, went down by 10.60 points or 0.17 per cent to reach 6,114 points within the first 30 minutes of trading when the report was filed at 10:30 am.

Two other DSE indices also saw a negative trend with the DS30 index, comprising blue chips, shed 3.69 points to reach 2,217 and the Shariah Index (DSES) lost 2.75 points to stand at 1,302 till then.

Turnover, another important indicator of the market, stood at Tk 2.65 billion within the first 30 minutes of trading at 10:30 am.

Market analysts said investors adopted a cautious approach amid the rising trend of Covid-19 cases in the country.

However, some investors continued to put fresh bets on sector-specific issues as the securities regulator lifted floor prices for all listed securities, they said.

Of the issues traded till then, 155 advanced, 135 declined and 55 remained unchanged on the DSE trading floor.

Makson Spinning Mills was the most traded stock till the filing of this report with shares worth Tk 270 million changing hands, closely followed by Dragon Sweater, Beximco, Paramount Textile and Orion Pharma.

However, the port city bourse – the Chittagong Stock Exchange – (CSE) saw a positive trend till then with CSE All Share Price Index- CASPI-gaining 29 points to stand at 17,791, while the Selective Categories Index – CSCX managing 15 points to reach 10,704, also at 10:30 am.

Of the issues traded till then 51 advanced, 16 declined and 59 remained unchanged with Tk 65 million in turnover.

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