Stocks on both the bourses witnessed a downward trend in the early trading on Monday amid slow movement of indices as investors mostly followed a cautious approach.
Following the previous four days’ gaining streak, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened today on a negative note.
Within the first 30 minutes of trading, the DSE key index lost more than 3.0 points while the CSE All Share Price Index (CASPI) shed 10 points at 10:30 am when the report was filed.
DSEX, the benchmark index of the DSE, went down by 3.40 points or 0.06 per cent to reach at 4,878 points at that time.
The DS30 index, comprising blue chips, shed 6.34 points to reach at 1,692 points and the Shariah Index (DSES) lost 4.30 points to stand at 1,116 points till then.
Turnover, one of the important indicators of the market, stood at Tk Tk 1.28 billion when the report was filed at 10:30 am.
Market analysts said the investors maintained a cautious approach amid the rising trend of Covid-19 infections and the possible impact of the second wave of the virus which is likely to take its toll on the country’s economy.
Of the issues traded till then, 106 advanced, 67 declined, and 99 remained unchanged.
Beximco Pharma was the most traded stock till filing of this report with shares worth Tk 192 million changing hands, closely followed by Rupali Insurance, Beximco, Pragati Insurance and Northern Islami Insurance.
The Chittagong Stock Exchange (CSE) also a saw negative trend till then with the CASPI losing 10 points to stand at 14,028, also at 10:30 am.
The Selective Categories Index (CSCX) also lost 6.0 points to reach at 8,447 till then.
Of the issues traded till then, 31 gained, 26 declined, and 16 issues remained unchanged with Tk 25 million in turnover.