Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended its downward trend to the midday that began at the opening on Wednesday.
Both the Dhaka Stock Exchange (DSE), the prime bourse of Bangladesh, and Chittagong Stock Exchange (CSE), the port city bourse of the country, began the day with negative trend in the fourth trading day of the week.
Brokers said, the market plunged as investors failed to predict the future.
The key index of Dhaka Stock Exchange dropped 25.45 points while the selective category index of Chittagong Stock Exchange also shedded 36.23 points when this report was updated around 12:30pm.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 25.45 points or 0.58 per cent to stand at 4,384.77 points, when the report was filed at 12:30pm.
The DS30 index, comprising blue chips, fell 8.93 points or -0.53 per cent to stand at 1,664.95 points.
The DSE Shariah Index (DSES) also lost 5.48 point or 0.51 per cent to reach at 1,062.70 points.
DSE turnover stands at BDT 1.84 billion when the report was filed at 12:30pm.
Of the issues traded till then, 63 advanced, 179 declined and 56 issues remained unchanged.
Newly listed Dragon Sweater was the most traded stocks till then with shares BDT 260 million changing hands followed by Keya Cosmetics, Aman Feed, BSRM, AFC Agro Biotech Ltd and National Feed Mill Limited.
The port city bourse – the Chittagong Stock Exchange (CSE) also saw negative trend with its Selective Category Index- CSCX– falling 36.23 points to stand at 8,207.11 points, also at 12:29pm.
Of the issues traded till then, 35 gained, 121 declined 27 issues remained unchanged with a turnover value of BDT 134 million.