The Financial Express

Stocks witness mixed trend on profit-booking

| Updated: December 13, 2020 16:09:33

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Stocks witness mixed trend on profit-booking

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

Following the previous day’s mild correction, the Dhaka Stock Exchange (DSE) saw a mild correction 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 5.0 points while the CSE All Share Price Index- CASPI gained 11 points at 10:30 am when the report was filed.

DSEX, the prime index of the DSE, went down by 5.34 points or 0.10 per cent to reach 5,044 points at 10:30 am.

Two other indices also saw negative note till then. The DS30 index, comprising blue chips, fell 3.29 points to reach at 1,756 points and the Shariah Index (DSES) lost 1.10 points to stand 1,157 points till then.

Turnover, another important indicator of the market, stood at Tk Tk 1.34 billion when the report was filed at 10:30 am.

Market analysts said the risk-averse investors opted for booking profit on stocks which saw a substantial gain in the past few trading sessions.

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

Of the issues traded till then, 110 advanced, 95 declined and 106 remained unchanged.

Rupali Insurance was the most traded stock till then with shares worth Tk 168 million changing hands, closely followed by Fortune Shoes, Beximco, Republic Insurance, and Bangladesh National Insurance.

However, the port city bourse – the Chittagong Stock Exchange – (CSE) saw an upward trend till then with CSE All Share Price Index- CASPI-gaining 11 points to stand at 14,484, also at 10:30 am.

The Selective Categories Index – CSCX also gained 4.0 points to reach 8,717 till then.

Of the issues traded till then, 35 gained, 28 declined, and 24 issues remained unchanged with Tk 24 million in turnover.

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