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Stocks witnessed mixed trend in early trading on Wednesday as investors mostly followed a cautious stance amid ongoing virus scare and the floor price system.
Within 30 minutes of trading, DSEX fell nearly 2.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 21 points at 11:00 when the report was filed.
DSEX, the prime index of the DSE, went down by 1.56 points or 0.04 per cent to stand 4,084 points at 11:00 am.
The DSE Shariah Index fell 0.38 points to stand at 947 points till then. However, the DS30 index, comprising blue chips, saw a fractional gain of 0.73 points to reach at 1,372.
Turnover, the important indicator of the market, stood at Tk 448 million on DSE when the report was filed at 11:00 am.
Market operators said the market has been struggling with a poor participation of investors for long due to the regulator- enforced floor price mechanism and no signs of improving the ongoing Covid-19 situation.
The low-cap companies dominated the turnover chart till then with Pioneer Insurance was the most traded stocks till then with shares worth Tk 28 million changing hands, followed by Fine Foods, Bangladesh Shipping Corporation, Sonarbangla Insurance, and Golden Harvest Agro Industries.
However, the port city’s bourse – the Chittagong Stock Exchange – (CSE) saw positive trend till then with the CSE All Share Price Index- CASPI-advancing 21 points to stand at 11,643 points, also at 11:00 am.
The Selective Category Index – CSCX – also gained 13 points to stand at 7,058 points till then.
Of the issues traded till then, 25 advanced, 8 declined and 27 issues remained unchanged with Tk 7.0 million in turnover.
(FE)
