Dhaka, Bangladesh (BBN)-Bangladesh’s stocks turned negative after witnessing early hour mixed movement on Thursday, the last treding 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, experienced mixed trend amid volatility 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 third session of the week, experts said.
The key index of Dhaka Stock Exchange lost 8.54 points while the port city bourse, selective catagory index of the Chittagong Stock Exchange dropped 17.10 points around 12:00pm.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 8.54 points or 0.19 per cent to stand at 4,411.89 points, when the report was filed at 12:01pm.
The DSE Shariah Index (DSES) slumped 1.03 points or -0.10 per cent to reach at 1,084.02 points.
However, the DS30 index, comprising blue chips, lost 3.60 points or 0.21 per cent to reach at 1,737.97 points.
DSE turnover stands at BDT 1.18 billion when the report was filed at 12:31pm.
Of the issues traded till then, 100 advanced, 107 declined and 80 issues remained unchanged.
ACME Laboratories Ltd dominated the turnover chart with shares worth BDT 247 million changing hands till then, followed by Bangladesh Building Systems, Linde Bangladesh, Paramount Textile, Shahjibazar Power Co. Ltd, and Lafarge Surma Cement.
The port city bourse saw negative trend at opening with its Selective Category Index- CSCX– falling 17.10 points to stand at 8,254.89 points, also at 11:58pm.
Of the issues traded till then, 63 gained, 82 declined 30 issues remained unchanged with a turnover value of BDT 92 million.