BBN file photo
Dhaka, Bangladesh (BBN)- Bangladesh’s stocks witnessed downward trend in early hour of trading on Monday as investors went on selling spree on sector-wise stocks fearing further fall.
Investors feared further fall of stock prices as Bangladesh Bank has fined seven banks for violating stock market rules by way of miss-reporting on share investment and over-exposure.
Following the previous day’s marginal gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened lower, but turnover remained encouraging.
After first 15 minutes of trading, the key index of the country’s prime bourse fell more than 26 points while the Selective Category Index of port city bourse lost 53 points at 10:45am when the report was filed.
DHAKA STOCK EXCHANGE
DSEX, the prime index of the DSE, went down by 26.54 points or 0.42 percent to reach at 6,179 points, when the report was filed at 10:45am.
The two other indices also saw downward trend till then. The DS30 index, comprising blue chips fell 7.31 points or 0.33 percent to reach at 2,208 points.
The DSE Shariah Index (DSES) lost 1.62 points or 0.12 percent to stand at 1,353 points.
Turnover, the important indicator of the market, stood at Tk 865 billion when the report was filed at 10:45am.
Of the issues traded till then, 69 advanced, 76 declined and 28 remained unchanged.
LankaBangla Finance led the turnover chart with shares worth BDT 108 million changing hands, closely followed Islami Bank with BDT 55 million, Exim Bank BDT 45 million, National Bank BDT 43 million and IFIC Bank BDT 35 million.
CHITTAGONG STOCK EXCHANGE
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw downward trend till then with its Selective Category Index – CSCX –losing 53 points to stand at 11,603 points, also at 10:45am.
Of the issues traded till then, 12 gained, 28 declined and 5 issues remained unchanged with BDT 26 million in turnover.
BBN/SSR/AD