Dhaka, Bangladesh (BBN)-Bangladesh’s stocks turned negative after witnessing early hour mixed movement on Monday, the second trading session of the week.
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 mixed 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 second trading session of the week, experts said.
The key index of Dhaka Stock Exchange lost 13.97 points while the port city bourse, selective catagory index of Chittagong Stock Exchange went down 25.17 points around 12:30pm.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 13.97 points or 0.32 per cent to stand at 4,326.09 points, when the report was filed at 12:30pm.
The DS30 index, comprising blue chips, fell 1.99 points or -0.12 per cent to reach at 1,680.61 points.
The DSE Shariah Index (DSES) lost 4.33 points or 0.40 per cent to reach at 1,065.09 points.
DSE turnover stands at BDT 2.56 billion when the report was filed at 12:30pm.
Of the issues traded till then, 88 advanced, 170 declined and 41 issues remained unchanged.
BSRM Steels dominated the turnover chart with shares worth BDT 369 million changing hands, followed by United Power Generation & Distribution Company Ltd, BSRM, MJL BD, Shahjibazar Power and Bangladesh Shipping Corporation.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, however, saw negative trend at midday with its Selective Category Index- CSCX– declining 25.17 points to stand at 8,088.20 points, also at 12:26pm.
Of the issues traded till then, 53 gained, 108 declined 38 issues remained unchanged with a turnover value of BDT 142 million.
BBN/SK/AD