Markets witness early trading volatility
FE ONLINE REPORT |
Mar 14, 2022 11:43:17 a.m.
Stocks saw volatile trading in the early hours of trading on Monday amid a trend of profit booking among investors after a strong four-day rally.
After the previous four-day gain, the DSEX, the main index of the Dhaka Stock Exchange (DSE), edged up 0.31 points to 6,766, after the first hour of trading at 11:00 a.m.
Two other DSE indices, however, have trended lower so far. The DS30 index, composed of blue chips, lost 4.14 points to 2,459 while the Shariah index (DSES) lost 1.83 points to 1,451.
Turnover, another important market indicator, was 3.05 billion taka in the first hour of trading.
Market analysts said some of the investors were in favor of booking profits on quick-gain stocks as concerns loomed over rising inflation amid ongoing conflicts between Russia and the United States. Ukraine.
Of the issues traded so far, 171 advanced, 133 declined and 69 remained unchanged on the DSE floor.
VFS Thread Dyeing was the most traded stock so far with shares worth Tk 332, closely followed by Beximco, BDCOM Online, Agni Systems and Queen South Textile.
However, the Chittagong Stock Exchange has been trending positively so far with its All Stock Price Index (CASPI) – up 31 to 19,831, while the Selective Categories Index – CSCX – gained 18 points to reach 11,897 at 11:00 a.m.
Of the issues traded so far, 72 advanced, 88 declined and 28 remained unchanged with a turnover of 69 million taka.