Dhaka, Bangladesh (BBN)-Bangladesh’s stocks witnessed downward trend amid choppy trading at midday on Thursday as investors mostly on selling mood.
After plunging by 37 points within first 5 minutes of trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE), recovered the initial losses within next 15 minutes of trading at 10:50am.
But, after 30 minutes of trading, DSEX went down by 25.65 points or 0.46 per cent to stand at 5,507.84 points at 11:00am.
At 12:00 noon, DSEX, the key index of the DSE lost 36.25 points amid volatile trading, while the Selective Category Index of port city bourse plunged 66.76 points amid profit booking sale pressure.
After one and a half hours of trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE) came down to 5,497.23 points, losing 36.25 points or 0.65 per cent at 12:00 noon.
The two other indices also saw negative trend till then.
The DS30 index, comprising blue chips fell 8.53 points or 0.43 percent to reach at 1,972.34 points at 12:00 noon.
The DSE Shariah Index (DSES) lost 4.74 points or 0.37 per cent to reach at 1,271.57 points.
Turnover, the crucial indicator of the market, stands at BDT 5.60 billion when the report was filed at 12:00 noon riding on Beximco and RAK Ceramics.
Of the issues traded till then, 90 advanced, 209 declined and 16 issues remained unchanged on the DSE trading floor.
Beximco dominated the turnover chart with shares worth BDT 308 million changing hands till then, followed by RAK Ceramics BDT 205 million, Baraka Power BDT 190 million, Bangladesh Building Systems BDT 171 million and National Polymer BDT 168 million.
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw downward trend till 12:00 noon amid volatility as its Selective Category Index – CSCX – shedding 66.76 points to stand at 10,221.33 points, also at 12:00 noon.
Of the issues traded till then, 40 gained, 156 declined and 12 issues remained unchanged with BDT 303 million in turnover.