Stocks opened lower on Monday, after four-day rising trend, as the cautious investors booked some profits on quick-gaining shares.
Following the previous day’s rise, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 16.27 points or 0.25 per cent to 6,399, after the first hour of trading at 10:30 am.
Two other DSE indices saw a positive trend till then. The DS30 index, comprising blue chips, fell 9.33 points to 2,249 and the DSE Shariah Index (DSES) dropped 1.88 points to 1,403.
Turnover, another important indicator of the market, stood at Tk 4.68 billion after the first hour of trading at 10:30 am.
Most of the traded issues remained unchanged due to the ‘floor price’ restriction. Of the issues traded, 47 advanced, 98 declined and 152 issues remained unchanged on the DSE floor.
Genex Infosys was the most traded stock till the filing of this report with shares worth Tk 594 million changing hands as the company signed a business deal with the National Board of Revenue.
The Chittagong Stock Exchange also opened lower with its All Shares Price Index (CASPI)—losing 18 points to stand at 18,900 while the Selective Categories Index – CSCX – shed 11 points to reach 11,327, also at 10:30 am.
Of the issues traded till then, 26 gained, 48 declined and 61 remained unchanged with Tk 59 million.