Investors are in despair as Bangladesh’s stocks nosedive. Photo: BBN

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks witnessed downward trend in early trading on Wednesday as investors continued their selling spree.
Following the previous day’s fall, both bourses – the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) – opened lower amid slow trading activities.
After 15 minutes of trading, the key index of the country’s prime bourse fell 15.84 points while the Selective Category Index of port city bourse lost 4.06 points when the report was filing at 10:45am.
DSEX, the benchmark index of the DSE, went down by 15.84 points or 0.28 percent to stand at 5,555.67 points, when the report was filed at 10:45am.
The DS30 index, comprising blue chips, fell 5.38 points or 0.26 percent to reach at 2,050.79 points.
The DSE Shariah Index (DSES) also lost 4.06 points or 0.31 percent to stand at 1,278.48 points till then.
Turnover, the important indicator of the market, stood at only BDT 533 million when the report was filed at 10:45am.
LankaBangla Finance led the turnover chart with shares worth BDT 92 million changing hands till then, closely followed by PHP Mutual First Fund BDT 73 million, BDCOM Online BDT 30 million, Al-Arafa Islami Bank BDT 29 million and MI Cement BDT 22 million.
Of the issues traded till then, 71 advanced, 82 declined and 28 issues remained unchanged.
The port city bourse CSE also saw negative trend with its Selective Category Index –CSCX – losing 12.78 points to stand at 10,451 points, also at 10:45am.
Of the issues traded till then, 23 gained, 22 declined and 10 issues remained unchanged with a turnover value of BDT 10 million.