Dhaka, Bangladesh (BBN)-Bangladesh’s stocks witnessed downward trend 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 Dhaka Stock Exchange dropped 2.18 points while the Selective Category Index of Chittagong Stock Exchange shedded 7.86 points when this report was updated around 12:50pm.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the Dhaka Stock Exchange, stood at 4,576.67 points fell 2.18 points or 0.05 per cent at 12:50pm.
However, the DS30 index, comprising blue chips, adding 1.23 points or 0.07 per cent to reach at 1,753.96.
The DSE Shariah Index (DSES) dropped 0.89 points or 0.07 per cent to reach at 1,117.98.
Turnover on DSE stood at BDT 2.40 billion when this report was updated at 12:50pm.
Of the issues traded till then, 136 advanced, 127 declined and 50 issues remained unchanged.
Bangladesh Steel Re-Rolling Mills Limited was remained the most traded stocks till then with shares BDT 121 million changing hands followed by Aman Feed Limited, Shasha Denims Limited, United Power Generation & Distribution Company Ltd, Emerald Oil Industries Ltd and Zaheen Spinning Limited.
CHITTAGONG STOCK EXCHANGE:
The port city bourse – the Chittagong Stock Exchange – (CSE) witnessed negative trend as its Selective Category Index – CSCX – went down 7.85 points to stand at 8,579.49 at 12:46pm.
Of the issues traded till then, 84 gained, 78 declined and 39 issues remained unchanged with a turnover value of BDT 136 million.
BBN/SK/AD