Dhaka, Bangladesh (BBN)-Bangladesh’s stocks witnessed roller coaster ride at midday on Wednesday as the markets could not sustain the positive trend of the morning.
Both the Dhaka Stock Exchange (DSE), the prime bourse of Bangladesh, and Chittagong Stock Exchange (CSE), the port city bourse of the country, opened with a positive note when the market opened at 10:30am.
But as the time passed, the DSE and CSE failed to hold the trend as investors failed to predict the future after two hours of trading on the fourth session of the week, experts said.
The key index of the DSEX experienced upward trend while the two other index – DS30 and DS Shariah – saw negative trend.
The key index of Dhaka Stock Exchange gains 0.79 per cent while the port city bourse, selective catagory index of the Chittagong Stock Exchange earns 4.77 points around 12:30pm.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 0.79 points or 0.02 per cent to at 4,599.14points, when the report was filed at 12:42pm.
The DS30 index, comprising blue chips, went down 9.69 points or 0.54 per cent to stand at 1,767.64 points.
The DSE Shariah Index (DSES) also slips 2.85 points or 0.25 per cent to reach at 1,126.19 points.
DSE turnover stands at BDT 2.58 billion when the report was filed at 12:42pm.
Of the issues traded till then, 115 advanced, 127 declined and 68 issues remained unchanged.
Bangladesh Steel Re-Rolling Mills Limited was the most traded stocks till then with shares BDT 194 million changing hands followed by LankaBangla Finance, United Commercial Bank Ltd, Lafarge Surma Cement Ltd, IFAD Autos Limited and CMC Kamal.
CHITTAGONG STOCK EXCHANGE:
The port city bourse – the Chittagong Stock Exchange (CSE) also saw positive trend with its Selective Category Index- CSCX – advancing 4.77 points to stand at 8,656.43 points, also at 12:34pm.
Of the issues traded till then, 211 gained, 99 declined and 84 issues remained unchanged with a turnover value of BDT 161 million.