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Stocks witnessed a slow trend in early hours trading on Sunday as investors mostly followed cautious stance amid ongoing quarterly declarations of the listed companies.
Following the previous week’s downward trend, the Dhaka Stock Exchange (DSE) saw a downward trend while the Chittagong Stock Exchange (CSE) saw a positive note in early trading.
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 - gained 3.0 points at 10:30am when the report was filed.
DSEX, the prime index of the DSE, went down by 3.32 points, or 0.06 per cent, to reach 4,901 points at 10:30am.
DS30 index, comprising blue chips, also fell 6.76 points to reach 1,704. However, Shariah Index, DSES, advanced 0.89 points to reach 1,118 points till then.
Market operators said cautious investors opted for booking profits on sector-wise issues while bargain hunters remained active on stocks that declared satisfactory dividend and quarterly earnings, making the market index volatile.
Many investors moved to the primary market as the biggest ever IPO subscription is set to open on Tuesday. Many investors have already disposed of shares of other companies, while some are collecting funds to join the IPO bonanza, said a merchant banker.
Turnover, an important indicator of the market, stood at Tk 1.74 billion when the report was filed at 10:30am.
Of the issues traded till then, 132 advanced, 88 declined and 84 remained unchanged.
Beximco Pharma was the most traded stocks till then with shares worth Tk 303 million changing hands, closely followed by Beximco, Square Pharma, NCC Bank First MF and Associated Oxygen.
However, CSE, the port city bourse, saw a positive trend till then with CASPI gaining 3.0 points to stand at 14,070, also at 10:30am.
The Selective Categories Index, CSCX, also advanced 2.0 points to reach 8,472 till then.
Of the issues traded till then, 45 gained, 29 declined, and 26 issues remained unchanged with Tk 27 million in turnover.