Stocks See Volatility After Two Hours

FE ONLINE REPORT |
Published:
September 22, 2022 12:28:20

| Updated:
September 22, 2022 12:30:48

Stocks saw high volatility after two hours of trading on Thursday, with investors active on both sides of the trade barrier.

After the previous day’s downtrend, the DSEX, the main index of the DSE, jumped 40 points within 90 minutes of the addition only to fall sharply over the next 30 minutes.

The DSEX, the main index of the DSE, rose 3.26 points, or 0.04%, to settle at 6,554, after the first two hours of trading at 11:30 am.

Two other indices have experienced negative trends so far. Among them, DS30, composed of blue chips, lost 8.24 points to close at 2,366 and DSE Shariah Index (DSES) lost 2.47 points to close at 1,433.

Turnover, another important market indicator, stood at 9.08 billion taka after the first two hours of trading.

Market insiders said the market has seen some volatility with investors active on both sides of the trade barrier.

Risk-averse investors made profits on selective stocks, and some investors were busy shuffling their portfolios ahead of corporate dividend declarations that close in June, an investment banker said.

Of the issues traded so far, 125 advanced, 72 declined and 165 remained unchanged on the DSE floor.

Orion pharma became the most traded stock so far, with shares worth Tk 1.20 billion changing hands.

The Chittagong Stock Exchange also saw volatility after two hours of trading with its All Stock Price Index (CASPI) shedding 0.78 points to 19,318 while the Selective Categories Index (CSX) fell 0.56 points to 11,580, also at 11:30 a.m.

Of the issues traded so far, 71 rose, 42 fell and 87 remained unchanged, with a turnover of 761 million taka so far.

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