The Financial Express

Stocks open mixed trend amid lockdown

| Updated: April 21, 2021 10:44:05

FE Photo/Files FE Photo/Files

Stocks witnessed volatility in early trading on Sunday after three days' rally, as cautious investors opted for booking quick-profits on sector-wise issues amid the ongoing lockdown.

Presence of investors on the trading floor remained very thin due to the strict lockdown and reduced trading hours.

Most investors executed their trading online or through the mobile app, a Dhaka Stock Exchange (DSE) official said.

The prime bourse and brokerage houses also encouraged investors to conduct share trading using virtual platforms amid the pandemic.

The market saw a downward trend and DSEX, the prime index of the Dhaka Stock Exchange (DSE), advanced 3.66 points or 0.06 per cent to stand at 5,313 within the first 30 minutes of trading.

Market operators said investors are active on both sides of the trading fence amid the strict lockdown as some investors opted for booking profits while some took positions on lucrative stocks.

DS30, comprising blue chips, fell 1.64 points to reach 2,025 points and DSES (Shariah index) lost 1.55 points to stand at 1,207 points till then.

Turnover, another important indicator of the market, stood at Tk 1.72 billion within the first 30 minutes of trading when the report was filed at 10:30am.

Of the issues traded till then, 141 declined, 103 advanced and 54 remained unchanged on the DSE trading floor.

Beximco was the most traded stocks with shares worth Tk 382 million changing hands, followed by BATBC, Beximco, BD Finance, LafargeHolcim and Robi.

However, Chittagong Stock Exchange opened on marginally higher with its general index CASPI gaining 19 points to stand at 15,398, also at 10:30am.

Of the issues traded till then 44 advanced, 41 declined and 16 remained unchanged with Tk 56 million in turnover.


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