The Financial Express

Stocks see mixed trend in early hours

| Updated: December 10, 2020 11:09:39

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Stocks see mixed trend in early hours

Stocks witnessed mixed trends in early trading on Tuesday as cautious investors opted for booking some profit on sector-wise stocks.

Following the previous five days’ gain, the Dhaka Stock Exchange (DSE) saw a downward trend while the Chittagong Stock Exchange (CSE) witness a positive trend in early trading.

Within the first 30 minutes of trading, the DSE key index fell more than 4.0 points while the CSE All Share Price Index- CASPI gained 12 points at 10:30 am when the report was filed.

DSEX, the prime index of the DSE, went down by 4.22 points or 0.08 per cent to reach 5,049 points at 10:30 am.

Two other indices also saw negative note till then. The DS30 index, comprising blue chips, fell 1.23 points to reach at 1,761 points and the Shariah Index (DSES) lost 1.36 points to stand 1,158 points till then.

Turnover, another important indicator of the market, stood at Tk Tk 1.16 billion when the report was filed at 10:30 am.

Market operators said risk-averse investors opted for booking profit on sector-wise stocks which was a significant gain in the past five trading days.

However, many investors remained active on sector-specific issues riding on regulatory moves and gradual improvement of economic activities.

Of the issues traded till then, 154 advanced, 76 declined and 66 remained unchanged.

Beximco was the most traded stock till then with shares worth Tk 115 million changing hands, closely followed by Republic Insurance, Beximco Pharma, SS Steel, and Miracle Industries.

However, the port city bourse – the Chittagong Stock Exchange – (CSE) saw an upward trend till then with CSE All Share Price Index- CASPI-gaining 12 points to stand at 14,508, also at 10:30 am.

The Selective Categories Index – CSCX also gained 7.0 points to reach 8,735 till then.

Of the issues traded till then, 51 gained, 26 declined, and 15 issues remained unchanged with Tk 25 million in turnover.

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