Stocks exhibit mixed trading pattern

Stocks on Thursday exhibited a mixed trading pattern, as opportunistic investors chased speculative and momentum-driven scrips in pursuit of potential short-term gains, while cautious selling in sector-specific large-cap scrips capped the market’s upside trajectory.

DSEX, the broad index of the Dhaka Stock Exchange (DSE), remained unchanged at 5,299 points, showing no movement from the previous session as the market closed flat, reports BSS.

Although opening higher, investors being active on both sides of the trading fence limited market indices from following any definite trajectory despite resilience in broad-based investor participation.

Cautious investors chose to observe the underlying strength of the market’s momentum amid emerging developments in the domestic and global geopolitical fronts.

Meanwhile, market turnover declined by 16.3 per cent to TK 8.8 billion from TK 10.6 billion in the previous session.

On the sectorial front, Engineering (15.4) per cent accounted for the highest share of turnover, followed by General Insurance (12.3) per cent and Textile (11.7) per cent. Sectors displayed mixed returns, out of which Jute (5.3) per cent, Tannery (1.7) per cent and Services (1.3) per cent exhibited the most positive returns, while Travel (-1.6) per cent, Cement (-0.7) per cent and Textile (-0.5) per cent displayed most correction on the bourse on Thursday.

Of the 397 issues traded, 137 advanced, 193 declined, and 66 remained unchanged.

The port city bourse, CSE, also settled on a positive territory. The Selective Categories’ Index (CSCX) and All Share Price Index (CASPI) advanced by 22.9 points and 35.0 points, respectively.