The Financial Express

Stocks witness mixed trend at opening

| Updated: August 07, 2022 09:58:17

Stocks witness mixed trend at opening

Stocks witnessed a mixed trend on Thursday as the investors were active on both sides of the trading fence after a sharp rise in the past four days.

Following the previous four days’ steep rise, DSEX, the prime index of the DSE, went up by 4.58 points or 0.07 per cent to stand at 6,304, after the first hour of trading at 11:00am.

Two other indices saw positive trends till then. The DS30 Index, which consists of the blue-chip companies, rose 1.26 points to 2,260 while the DSES Index, which represents Shariah-based companies, gained 1.25 points to 1,371.

Turnover, another important indicator of the market, soared to Tk 3.51 billion after the first hour of trading.

Market operators said the bargain hunters showed their buying interest on stocks at a lucrative price while the cautious investors booked profit on the quick-gaining stocks.

As the market index rose sharply by 320 points in the four straight sessions after the securities regulator imposed floor price, the cautious investors booked some profits, they said.

Of the issues traded till then, 167 declined, 138 advanced and 64 issues remained unchanged on the DSE trading floor till then.

Beximco was the most traded stock till then with shares worth Tk 410 million changing hands, closely followed by Malek Spinning, ACME Pesticides, Orion Infusion and Orion Pharma.

However, the Chittagong Stock Exchange saw marginally lower till then with its All Shares Price Index (CASPI)—losing 11 points to stand at 18,472 while the Selective Categories Index – CSCX shed 6.0 points to reach 11,067, also at 11:00am.

Of the issues traded till then 60 declined, 54 advanced, and 35 unchanged with turnover of Tk 42 million till then.

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