Stocks fall amid virus uncertainty
Economic Reporter :
Stocks witnessed downward trend in early trading on Thursday as investors mostly followed cautious stance amid static virus situation.
Within 30 minutes of trading, DSEX lost more than 7.0 points while the CSE All Share Price Index (CASPI) of port city's bourse shed 36 points at 11:00 am when the report was filed.
DSEX, the prime index of the DSE, down up by 7.45 points or 0.18 per cent to stand 4,071 points at 11:00 am.
Two other indices also saw downward trend till then. The DS30 index, comprising blue chips, fell 3.02 points to reach at 1,372 and DSE Shariah Index lost 2.48 points to stand at 947 points till then.
Turnover, the important indicator of the market, stood at Tk 377 million on DSE when the report was filed at 11:00 am.
Market operators said the investors remained watchful as impact of Covid-19 induced uncertainty is still hovering over the economy.
A section of investors, however, remained active on the selective issues riding on optimism owing to gradual reopening of the economy and revival of some specific sectors' activity, said a leading broker.
Beximco Pharma was the most traded stocks till then with shares worth Tk 34 million changing hands, followed by Genex Infosys, Hakkani Pulp and Paper, Fine Foods and GP.
The port city's bourse - the Chittagong Stock Exchange - (CSE) also downward trend till then with the CSE All Share Price Index- CASPI-losing 36 points to stand at 11,566 points, also at 11:00am.
The Selective Category Index - CSCX - also lost 23 points to stand at 7,011 points till then.
Of the issues traded till then, 17 advanced, 25 declined and 31 issues remained unchanged with Tk 4.50 million in turnover.