Stock markets witnessed volatility at the opening on Wednesday as the shaky investors preferred profit bookings on sector-specific large-cap issues.
Following the previous day’s correction, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down 3.12 points or 0.04 per cent to stand at 6,593, after the first two hours of trading at 11:30 am.
The DS30 index, comprising blue chips, also dropped 6.92 points to reach 2,394 and the DSE Shariah Index (DSES) shed 2.48 points to 1,445.
Turnover, another important indicator of the market, stood at Tk 9.12 billion after two hours of trading.
Market insiders said the bourses witnessed volatility as investors favoured profit bookings on large-cap stocks on the recent price surge.
The risk-averse investors realised some profits on selective stocks as the DSE key index crossed 6,600-mark after four months on Monday, said a merchant banker.
Some investors were also busy reshuffling their portfolio ahead of dividend declarations by June-closing companies, he said.
Of the issues traded till then, 88 advanced, 114 declined, and 155 issues remained unchanged on the DSE trading floor.
Orion Pharma was the most traded stock till the filing of this report with shares worth Tk 1.68 billion changing hands.
The Chittagong Stock Exchange also saw a negative trend till then with its All Shares Price Index (CASPI)—losing 33 points to stand at 19,416 while the Selective Categories Index – CSCX – shedding 20 points to reach 11,639, also at 11:30 am.
Of the issues traded till then, 55 advanced, 57 declined and 90 remained unchanged with a turnover of Tk 1.04 billion.
