Stocks opened lower on Tuesday, maintaining the previous day's trend, as jittery investors kept their selling binge fearing a further fall.
Following the previous day’s sharp fall, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 31.34 points or 0.46 per cent to stand at 6,687 after the first hour of trading at 11:00 am.
Two other DSE indices also saw a negative trend till then with the DS30 index, comprising blue chips, losing 10.58 points to reach 2,458 and the Shariah Index (DSES) dropping 5.05 points to stand at 1,457.
Turnover, another important indicator of the market, stood at Tk 1.55 billion at 11:00 am.
Market operators said the investors remained cautious and reluctant to make fresh investments in stocks amid the ongoing holy Ramadan.
Of the issues traded till then, 261 declined, 59 advanced, and 45 issues remained unchanged on the DSE trading floor.
IPDC Finance was the most traded stock till the filing of this report with shares worth Tk 196 million changing hands, closely followed by Beximco, Yeakin Polymer, Genex Infosys and Rangpur Foundry.
The Chittagong Stock Exchange opened lower with its All Shares Price Index (CASPI)—losing 43 to stand at 19,657, while the Selective Categories Index – CSCX shed 25 points to reach 11,792 at 11:00.
Of the issues traded till then, 29 advanced, 100 declined, and 16 remained unchanged with Tk 26 million in turnover.