Stocks shaky on investors’ cautiousness
As the monetary policy statement is all set to be declared today, investors have been expecting an expansionary monetary policy to ensure increased private sector credit growth
Indices of the country's two main bourses manifested a wobbly performance during the first one-and-half-hour trading session today, as investors took a cautious stance ahead of the upcoming monetary policy declaration.
According to a brokerage firm review, markets displayed some volatility in the early session as investors kept on moving towards cautious positions with the current floor price system.
As the monetary policy statement is all set to be declared today, investors have been expecting an expansionary monetary policy to ensure increased private sector credit growth to get the economy running in full swing again.
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DSEX, the prime index of the Dhaka Stock Exchange (DSE), slightly increased by 1.90 points – or 0.045 percent - to reach at 4,158 till 12:00 pm.
Moreover, the Shariah-based DSES index has lost 2.42 points to settle at 961 and the blue-chip index DS30 went down by 5.31 points to stand at 1,397.
Turnover on the Dhaka Stock Exchange (DSE) trading floor stood at Tk160 crore in the corresponding period till 12:00pm.
Out of the 336 issues traded during the same time frame, 103 company's share prices advanced, 65 declined, and 168 remained unchanged.
Meanwhile, the benchmark index CASPI at the Chittagong Stock Exchange (CSE) has increased 4.31 points to close at 11,838.
