Stocks witnessed a mixed trend in the early hours of trading on Thursday as investors remained active on both sides of the trading fence ahead of corporate declarations.
Following the previous day’s marginal gain, the market saw choppy trading at the opening as the DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 1.63 points or 0.02 per cent to stand at 7,352 after the first hour of trading at 11:00 am.
The Shariah Index (DSES) gained 1.27 points to stand at 1,601 points till then. However, the DS30 index, comprising blue chips, dropped 2.89 points to stand at 2,784.
Turnover, another important indicator of the market, stood at Tk 8.65 billion within the first hour of trading at 11:00 am.
Market analysts said many investors are now focusing on June-closing stocks ahead of corporative and dividend declarations although profit booking was on the menu.
Of the issues traded till then, 210 advanced, 110 declined, 48 issues remained unchanged on the DSE trading floor.
LafargeHolcim was the most traded stock till the filing of this report with shares worth Tk 1.15 billion changing hands, closely followed by Orion Pharma, Paramount Textile, Power Grid and Summit Power.
The Chittagong Stock Exchange also opened higher with its All Shares Price Index (CASPI)—rising 64 points to stand at 21,584 while the Selective Categories Index – CSCX gaining 39 points to reach 12,965, also at 11:00 am.
Of the issues traded till then, 78 declined, 67 advanced and 32 remained unchanged with Tk 216 million in turnover.