Dhaka, Bangladesh (BBN)-Bangladesh’s stocks returned to the upward trend at midday, snapping early hour’s negative mood on Monday, the second session of the week, as optimistic investors took position on large-cap stocks.
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went down by 7.83 points or 0.15 per cent to stand at 5,150.87 points, within first 15 minutes of trading.
However, it recovered the early losses within next 15 minutes and the prime index DSE reached at 5,180 points, gaining 9.34 points at 11:00am.
At 12:00 noon, the key index of the key index soared 38.46 points, while the Selective Category Index of port city bourse rose 69.58 points.
After one and a half hours of trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE) reached at 5,197.15 points, advancing 38.46 points or 0.74 per cent at 12:00 noon.
The two other indices also returned to the upward trend. The DS30 index, comprising blue chips advanced 12.48 points or 0.67 per cent to reach at 1,873.04 points at 12:00 noon.
The DSE Shariah Index (DSES) also gained 8.88 points or 0.73 per cent to reach at 1,227.49 points.
Turnover, the crucial indicator of the market, stands at BDT 5.05 billion when the report was filed at 12:00 noon, driven by Beximco and Shasha Denims.
Of the issues traded till then, 202 advanced, 70 declined and 40 issues remained unchanged on the DSE trading floor.
Beximco dominated the turnover chart with shares worth BDT 360 million changing hands till then, closely followed by Shasha Denims BDT 292 million, Confidence Cement BDT 222 million, Shahjibazar Power Company BDT 178 million and BD Thai Aluminum BDT 164 million.
The port city bourse – the Chittagong Stock Exchange – (CSE) also return to upward trend till 12:00 noon as its Selective Category Index – CSCX – advancing 69.58 points to stand at 9,650.04 points, also at 12:00 noon.
Of the issues traded till then, 141 gained, 40 declined and 20 issues remained unchanged with BDT 225 million in turnover.