Stocks open mixed amid lacklustre trading
FE ONLINE REPORT | Thursday, 25 February 2021
Stocks opened mixed on Thursday as investors mostly maintained a cautious stance amid persistent lacklustre trading.
The market swung between positive and negative in the early trading this morning as investors remained watchful following the ‘go slow’ strategy ahead of dividend declaration by December-end companies.
Within the first hour into trade, DSEX, the benchmark index of DSE, advanced more than 5.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 6.0 points at 11:00 when the report was filed.
The DSEX went up by 5.68 points or 0.10 per cent to stand at 5,391 points till then.
The Shariah Index (DSES) gained 2.44 points to stand at 1,223 points till then. But the DS30 index, comprising blue chips, fell 4.20 points to reach 2,052.
Turnover, another important indicator of the market, stood at Tk 1.92 billion within the first hour of trading at 11:00 am.
Market analysts said the shaky investors continued their sell-offs in major stocks while bargain hunters were active on sector-wise issues, making the market volatile.
Of the issues traded till then, 100 advanced, 93 declined and 94 remained unchanged on the DSE.
Beximco - the flagship company of Beximco Group- was the most traded stock till then with shares worth Tk 427 million changing hands, followed by LankaBangla Finance, Robi, Orion Pharma and BATBC.
The Chittagong Stock Exchange – (CSE) saw a negative note with the CASPI losing 6.35 points to stand at 15,584, also at 11:00 am.
Of the issues traded till then, 20 gained, 43 declined, and 18 issues remained unchanged with Tk 43 million in turnover.