Stocks witnessed a mixed trend in the early trading on Wednesday as most of the investors remained on the sidelines amid lack of clear market direction.
Following the previous three day’s fall, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 6.77 points or 0.09 per cent to stand at 6,961 points within the first hour of trading at 11:00 am.
However, two other DSE indices saw a negative trend till then. The DS30 index, comprising blue chips, dropped 4.52 points to stand at 2,601 and the Shariah Index (DSES) fell 0.62 points to stand at 1,467 points till then.
Turnover, another important indicator of the market, remained low and amounted to Tk 2.25 billion within the first hour of trading at 11:00 am.
Market analysts said, the shaky investors showed a profit-booking tendency while some investors were rebalancing their portfolio based on the latest corporate declarations, making the market index volatile.
Of the issues traded till then, 192 advanced, 101 declined and 61 issues remained unchanged on the DSE trading floor.
Beximco was the most traded stock till the filing of this report with shares worth Tk 198 million changing hands, closely followed by IFIC Bank, BATBC, Orion Pharma and Delta Life Insurance.
The Chittagong Stock Exchange saw a positive trend with its All Shares Price Index (CASPI)—losing 21 points to stand at 20,382 while the Selective Categories Index – CSCX shed 12 points to reach 12,243, also at 11:00 am.
Of the issues traded till then, 50 advanced, 49 declined and 17 remained unchanged with Tk 45 million in turnover.