Stocks edge up despite Covid-19 vaccine uncertainty
DSEX rose by 33.39 points or 0.59% to 5,652 and CASPI climbed 75 points to 16,340 till 11:30am
Equity indices of both the stock exchanges witnessed upward shifts as institutional investors kept investing, despite coronavirus vaccine import uncertainty, in the first one-and-half-hour trading session on Monday.
According to market analysts, investors are uncertain of economic recovery without vaccine after India on Sunday banned coronavirus vaccine export. This is why investors are selling shares, although indices have been able to continue the rising spree, thanks to the active institutional investors.
DSEX, the prime index of Dhaka Stock Exchange (DSE) rose by 33.39 points or 0.59% to 5,652 till 11:30am.
Moreover, DSE Shariah-based DSES index gained 3.88 points to 1,303 and blue-chip index DS30 rose 4.16 points to 2,083.
Turnover, a major indicator of the market, on the Dhaka Stock Exchange (DSE) trading floor also rose by 8% to Tk1,000 crore in the corresponding period.
Out of the 358 issues traded during the same time frame, DSE had 207 gainers against 91 losers, while prices of 60 scrips remained unchanged.
Meanwhile, the benchmark index CASPI at the Chittagong Stock Exchange (CSE) climbed 75 points to 16,340.
Of the total 226 issues traded till then, 115 gained, 78 declined, and 33 issues remained unchanged with Tk34.5 crore in turnover.