Bangladesh’s stocks fail to maintain positive note

Last updated: April 24, 2017

BBN file photo

Dhaka, Bangladesh (BBN) - Bangladesh’s stocks failed to maintain morning positive note at midday on Monday as worried investors continued to sell their holdings to avoid further loss.
Following the previous day’s sharp decline, the key index of the major bourse rose about 26 points within first 12 minutes of trading, since then it started to decline.
After 30 minutes of trading, the key index of the country’s major bourse stands at 5,400 points, losing 38 points while the Selective Category Index of port city bourse fell 35 points at 11:00am.
At 12noon, the DSEX recovered most of the early loss and went down by 1.80 points while the Selective Category Index of port city bourse lost 20 points when the report was filing.
DHAKA STOCK EXCHANGE:
After one and a half hours of trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE) stands at 5,436.44 points, shedding 1.80 points or 0.03 percent when the report was filing at 12noon.
The two other indices also saw downturn. The DS30 index, comprising blue chips fell 4.16 points or 0.20 percent to reach at 2,020.35 points.
The DSE Shariah Index (DSES) lost 2.15 points or 0.17 percent to reach at 1,260.48 points.
Turnover, the crucial indicator of the market, stands at BDT 2.01 billion when the report was filed at 12:00 noon.
LankaBangla Finance dominated the turnover chart with shares worth BDT 117 million changing hands till then, followed by Regent Textile BDT 94 million, Beximco BDT 86 million, Ratanpur Steel BDT 56 million and Shahjibazar Power BDT 52 million.
Of the issues traded till then, 113 advanced, 129 declined and 58 issues remained unchanged on the DSE trading floor.
CHITTAGONG STOCK EXCHANGE:
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw  downward trend till mid-day as its Selective Category Index – CSCX – losing 20 points to stand at 10,195 points, also at 12noon.
Of the issues traded till then, 58 gained, 87 declined and 28 issues remained unchanged with BDT 98 million in turnover.
BBN/SS/ANS

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