Stocks opened marginally lower on Monday as the shaky investors continued to book profit on quick-gaining stocks.
Following the previous day’s correction, the market opened on a negative note this morning with the prime index of the Dhaka Stock Exchange falling 13.55 points or 0.22 per cent to reach 6,022 within the first 30 minutes of trading when the report was filed at 10:30 am.
Market analysts said the cautious investors keep booking profits on stocks that saw significant gains in the past few trading days.
As the market was on a rising trend in the last few days, many stock prices were up by at least 10 per cent to 15 per cent, so investors are taking in their profits now, they said.
The DS30 index, comprising blue chips, also fell 8.82 points to reach 2,183 and the Shariah Index (DSES) lost 4.0 points to stand at 1,289 points.
Turnover, another important indicator of the market, stood at Tk 3.22 billion within the first 30 minutes of trading at 10:30 am.
Of the issues traded till then, 121 advanced, 193 declined, and 38 remained unchanged on the DSE trading floor.
Beximco was the most traded stock till the filing of this report with shares worth Tk 215 million changing hands, followed by Index Agro Industries, Orion Pharma, Coppertech Industries and Fortune Shoes.
The port city bourse – the Chittagong Stock Exchange – (CSE) also opened marginally lower with CSE All Share Price Index- CASPI-losing 56 points to stand at 17,472, also at 10:30 am.
Of the issues traded till then 74 advanced, 93 declined and 15 remained unchanged with Tk 74 million in turnover.