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Stocks volatile as mass vaccination begins

| Updated: February 09, 2021 09:07:39


Traders, wearing protective gears, monitoring stock price movements on computer screens at a brokerage house in Dhaka city — FE/Files Traders, wearing protective gears, monitoring stock price movements on computer screens at a brokerage house in Dhaka city — FE/Files

Stocks witnessed volatility on Sunday morning as the nationwide mass coronavirus vaccination rolled out across the country amid a lukewarm interest from the people in getting the shots.

Bangladesh began the nationwide Covid-19 inoculation drive on Sunday.

Following the previous day’s sharp rise, the benchmark DSEX gained about 5.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 10 points in the first 30 minutes into the trade.

After the first hour of trading, DSEX fell more than 4.0 points while the CASPI of port city’s bourse lost 23 points at 11:00 when the report was filed.

DSEX, the prime index of the DSE, went down by 4.52 points or 0.08 per cent to stand at 5,643 points at that time.

Two other DSE indices also saw a negative trend till then. The DS30 index, comprising blue chips, lost 6.58 points to reach at 2,167 points and the Shariah Index (DSES) fell 4.13 points to stand at 1,257 points till then.

Turnover, another important indicator of the market, stood at Tk 1.93 billion within the first hour of trading at 11:00 am.

Of the issues traded till then, 100 advanced, 112 declined and 90 remained unchanged.

Beximco - the flagship company of Beximco Group- was the most traded stock till then with shares worth Tk 308 million changing hands, followed by BATBC, Mir Akther, and LankaBangla Finance.

The Chittagong Stock Exchange also saw a negative trend till then with CASPI losing 23 points to stand at 16,307, also at 11:00 am.

Of the issues traded till then, 25 gained, 40 declined, and 14 issues remained unchanged with Tk 97 million in turnover.

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