Dhaka, Bangladesh (BBN)-Bangladesh’s stocks could not regain the positive mood at midday shedding the losing trend that began at the opening on Tuesday.
Though the market opened with positive mood, but it could not sustain the trend within 10 minutes of the trading.
Trading at both the Dhaka Stock Exchange (DSE), the prime bourse of Bangladesh, and Chittagong Stock Exchange (CSE), the port city bourse of the country, continued with negative trend.
Brokers said, the market plunged as investors failed to predict the future.
The key index of Dhaka Stock Exchange shedded 33.75 points while the selective category index of Chittagong Stock Exchange also dropped 54.38 points when this report was updated around 12:30pm.
DHAKA STOCK EXCHANGE:
After two hours of trading, DSEX, the prime index of the Dhaka Stock Exchange, stood at 4,596.83 points dropping 33.75 points or 0.73 per cent at 12:30pm.
However, the DS30 index, comprising blue chips, also descended 13.15 points or 0.75 per cent to reach at 1,738.06.
The DSE Shariah Index (DSES) also went down 7.23 points or 0.65 per cent to reach at 1,102.67.
Turnover on DSE stood at BDT 1.396 billion when the report was updated at 12:30pm.
Of the issues traded till then, only 51 advanced, 203 declined and 49 issues remained unchanged.
Lafarge Surma Cement was the most traded stocks till then with shares BDT 104 million changing hands followed by Shahjibazar Power Company Ltd,
C & A Testiles Ltd, United Airways, KDS Accessories Ltd and Miracle Industry.
CHITTAGONG STOCK EXCHANGE:
The port city bourse – the Chittagong Stock Exchange – (CSE) also continued negative trend during the two hours of trading as its Selective Category Index – CSCX – shedded 54.38 points to stand at 8,547.49 at 12:30pm.
Of the issues traded till then, 35 gained, 125 declined and 32 issues remained unchanged with a turnover value of BDT 146.57 million.
BBN/SK/ANS