The stock market witnessed volatility at the opening on Monday as the shaky investors preferred profit-booking on sector-specific large-cap issues.
Following the previous day’s correction, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down 10.58 points or 0.16 per cent to stand at 6,323, after the first two hours of trading at 11:30 am.
The DS30 index, comprising blue chips, also dropped 9.52 points to reach 2,235 and the DSE Shariah Index (DSES) shed 5.78 points to 1,384.
Turnover, another important indicator of the market, stood at Tk 3.50 billion after two hours of trading.
Market insiders said the market witnessed volatility as investors favoured profit-booking on large-cap stocks.
Some investors were also busy reshuffling their portfolios amidst the ongoing earnings declarations.
Of the issues traded till then, 47 advanced, 69 declined, and 200 issues remained unchanged on the DSE trading floor.
Bashundhara Paper Mills was the most traded stock till the filing of this report with shares worth Tk 282 million changing hands.
The Chittagong Stock Exchange saw a negative trend till then with its All Shares Price Index (CASPI)—losing 4.0 points to stand at 18,690 while the Selective Categories Index – CSCX – shedding 2.0 points to reach 11,203, also at 11:30 am.
Of the issues traded till then, 26 advanced, 48 declined and 78 remained unchanged with turnover of Tk 160 million.