Stocks opened marginally lower on Tuesday as investors started to book some profits on sector-wise issues after the recent price surge.
Following the previous day’s sharp gain, DSEX, the prime index of the Dhaka Stock Exchange, went down by 5.74 points or 0.09 per cent to reach 6,214 within the first 30 minutes of trading when the report was filed at 10:30 am.
Market analysts said the number of Covid-19 cases continued to rise alarmingly every day in the country and the situation is deteriorating fast, cautious investors are booking some profits.
Two other indices edged lower till then with the DS30 index, comprising blue chips, fell 4.06 points to reach 2,221 and the Shariah Index (DSES) shed 0.12 points to stand 1,26 points.
Turnover, another important indicator of the market, stood at Tk 3.30 billion within the first 30 minutes of trading at 10:30 am.
Of the issues traded till then, 155 advanced, 159 and 48 unchanged on the DSE trading floor till then.
Low-cap companies dominated the turnover board with ML Dyeing was the most traded stock till then with shares worth Tk 242 million changing hands, closely followed by Appollo Ispat, Keya Cosmetics, and Alif Manufacturing.
The port city bourse – the Chittagong Stock Exchange – (CSE) opened slightly lower with CSE All Share Price Index- CASPI-losing 1.48 points to stand at 18,034, also at 10:30 am.
Of the issues traded till then 65 advanced, 56 declined and 60 remained unchanged with Tk 143 million in turnover.
