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 4.84 points while the selective category index of Chittagong Stock Exchange also shedded 12.34 points when this report was updated around 12:30pm.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 4.84 points or 0.11 per cent to stand at 4,404.89 points, when the report was filed at 12:30pm.
The DS30 index, comprising blue chips, fell 1.36 points or -0.08 per cent to reach at 1,668.90 points.
The DSE Shariah Index (DSES) also shed 0.84 points or 0.08 per cent to reach at 1,066.83 points.
DSE turnover stands at only BDT 1.99 billion when the report was filed at 12:30pm.
Of the issues traded till then, 69 advanced, 157 declined and 63 issues remained unchanged.
The newly Listed Doreen Power Generations and Systems was the most traded stocks till then with shares BDT 513 million changing hands followed by BSRM, Keya Cosmetics, IBN Sina, Aman Feed and Baraka Power.
The port city bourse – the Chittagong Stock Exchange (CSE) also saw negative trend till then with its Selective Category Index- CSCX– falling 12.34 points to stand at 8,241.30 points, also at 12:29pm.
Of the issues traded till then, 60 gained, 102 declined 21 issues remained unchanged with a turnover value of BDT 230 million.