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Stocks witnessed volatile trading in the early hours of trading on Monday amid profit booking tendency among investors after a four-day sharp rally.
Following the previous four days’ gain, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up slightly by 0.31 points to stand at 6,766, after the first hour of trading at 11:00 am.
Two other DSE indices, however, saw a downward trend till then. The DS30 index, comprising blue chips, fell 4.14 points to reach 2,459 while the Shariah Index (DSES) shed 1.83 points to stand at 1,451.
Turnover, another important indicator of the market, stood at Tk 3.05 billion within the first hour of trading.
Market analysts said some of the investors favoured profit booking on quick-gaining stocks as concerns loomed due to rising inflation amid ongoing Russia-Ukraine conflicts.
Of the issues traded till then, 171 advanced, 133 declined and 69 issues remained unchanged on the DSE trading floor.
VFS Thread Dyeing was the most traded stock till then with shares worth Tk 332 hands, closely followed by Beximco, BDCOM Online, Agni Systems and Queen South Textile.
However, the Chittagong Stock Exchange saw a positive trend till then with its All Shares Price Index (CASPI)—rising 31 to stand at 19,831, while the Selective Categories Index – CSCX – gained 18 points to reach 11,897 at 11:00 am.
Of the issues traded till then, 72 advanced, 88 declined and 28 remained unchanged with Tk 69 million in turnover.
(FE)
