The Financial Express

Cautious investors push markets into mixed territory

| Updated: November 12, 2020 16:30:06

Lankabangla and Fianancial Express Lankabangla and Fianancial Express
Cautious investors push markets into mixed territory

Stocks witnessed mixed trends in early trading on Tuesday as investors mostly followed cautious stance after corporate declarations of most of the companies.

Following the previous day’s negative note, the Dhaka Stock Exchange (DSE) opened on a positive trend while the Chittagong Stock Exchange (CSE) saw a negative note.

Within the first 30 minutes of trading, the DSE key index advanced more than 5.25 points while the CSE All Share Price Index- CASPI lost more than 2.0 points at 10:30am when the report was filed.

DSEX, the prime index of the DSE, went up by 5.25 points or 0.10 per cent to reach 4,933 points at 10:30am.

However, two other indices saw negative trend till then. The DS30 index, comprising blue chips, fell 2.85 points to reach at 1,717 and the Shariah Index (DSES) lost 1.56 points to reach 1,119 points till then.

Market operators said the bargain hunters remained active on sector-wise stocks based on latest year-end dividend and quarter-end earnings declarations while cautious investors opted for booking profits on sector-wise issues.

Turnover, another important indicator of the market, stood at Tk 1.44 billion when the report was filed at 10:30am.

Of the issues traded till then, 117 advanced, 83 declined and 102 remained unchanged.

Associated Oxygen was the most traded stocks till then with shares worth Tk 115 million changing hands, closely followed by Nitol Insurance, Beximco Pharma, and BD Finance.

However, the port city bourse – the Chittagong Stock Exchange – (CSE) saw a downward trend till then with CSE All Share Price Index- CASPI-losing 2.85 points to stand at 14,116, also at 10:30am.

The Selective Categories Index – CSCX also shed 1.84 points to reach 8,494 till then.

Of the issues traded till then, 42 gained, 33 declined, and 25 issues remained unchanged with Tk 57 million in turnover.

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