Siyam Hoque

Published:
2020-06-23 13:06:48 BdST

Stocks open mixed amid low turnover


Stocks witnessed mixed trend in early trading on Tuesday amid sluggish turnover as growing tension over the Covid-19 pandemic and floor price mechanism kept the investors on the sidelines.

Within 30 minutes of trading, DSEX advanced 0.54 points while the CSE All Share Price Index (CASPI) of port city’s bourse shed 1.62 points at 10:30 am when the report was filed.

DSEX, the prime index of the DSE, went up by 0.54 points or 0.01 per cent to stand 3,962 points at 10:30 am.

The DSE core index is hovering between 3,950 and 3,970 points in the past two weeks as most of the sellers find almost no buyers amid growing tension over the Covid-19 pandemic and floor price mechanism.

The DSE Shariah Index advanced 0.43 points to stand at 919 points till then. However, the DS30 index, comprising blue chips, fell 0.06 point to reach at 1,326 and

Turnover, the important indicator of the market, stood at Tk 120 million on DSE when the report was filed at 10:30 am.

Market analysts said the worsening pandemic situation has made the market almost buyer-less in recent days as the outbreak is going to put a long-lasting adverse impact on the country’s economy.

Beximco Pharma was the most traded stocks till then with shares worth Tk 28 million changing hands, closely followed by Aziz Pipes, BSCCL, Monno Jute Stafflers and Pharma Aids.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) saw a downturn till then with the CSE All Share Price Index- CASPI-losing 1.62 points to stand at 11,254 points, also at 10:30 am.

The Selective Category Index – CSCX – also shed 1.01 points to stand at 6,818 points till then.

Of the issues traded till then, 4 advanced,4 declined and 28 issues remained unchanged with Tk 4.0 million in turnover.

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