Stocks opened marginally lower on Sunday as the investors mostly followed cautious stance amid persistent volatility in the market.
Following the previous day’s modest rise, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down 4.16 points or 0.06 cent to stand at 6,580 after the first hour of trading at 11:00am.
Two other indices also saw a downward trend till then with the DS30 index, comprising blue chips, losing 1.39 points to reach 2,441 and the Shariah Index (DSES) saw a fractional loss of 0.35 point to 1,447.
Turnover, another important indicator of the market, stood at Tk 1.08 billion at 11:00am.
Market analysts said the ongoing pessimism kept investors mostly inactive as they were continuously losing their risk-taking appetite and engaged in selling sprees rather than placing fresh bets in the bearish market.
The looming uncertainty over the global economy and the commodity market instability continued to hurt investors’ sentiment, they said.
Of the issues traded till then, 183 declined, 123 advanced, and 62 issues remained unchanged on the DSE trading floor till then.
Salvo Chemicals was the most traded stock till then with shares worth Tk 70 million changing hands, closely followed by Beximco, Pharma Aids, BATBC and Paramount Textile.
However, the Chittagong Stock Exchange, saw a marginal gain till then with its All Shares Price Index (CASPI)—gaining 12 points to stand at 19,378, while the Selective Categories Index – CSCX rising 6.0 points to reach 11,626 at 11:00am.
Of the issues traded till then 76 declined, 45 advanced, and 19 remained unchanged with Tk 32 turnover.
babulfexpress@gmai.com