Retail investors are in despair as DSE witnesses volatility. BBN file photo

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks faced sharp fall at midday on Tuesday as cautious investors went on selling spree on sectors specific large-cap stocks.
Following the previous day’s marginal gain, the key index of the country’s prime bourse advanced 2.15 points within first 15 minutes of trading at 10:45am.
After 30 minutes of trading, the DSEX went up by 14 points, while the Selective Category Index of port city bourse rose 25 points when the report was filing at 11:00am. But, after 11:30am, it started to decline.
At 12noon, the DSEX went down by 22.37 points while the Selective Category Index of port city bourse fell 23 points when the report was filing.
After one and a half hours of trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE), stood at 5,573.74 points, losing 22.37 points or 0.40 percent when the report was filing at 12noon.
The DS30 index, comprising blue chips also lost 8.93 points or 0.43 percent to reach at 2,057.09 points.
The DSE Shariah Index (DSES) fell 2.90 points or 0.22 percent to reach at 1,284.10 points.
Turnover, the crucial indicator of the market, positioned at BDT 2.65 billion when the report was filed at 12noon.
LankaBangla Finance dominated the turnover chart with shares worth BDT 318 million changing hands till then, followed by BDCOM Online BDT 145 million, City Bank BDT 94 million, Shahjibazar Power BDT 85 million and Regent Textile BDT 83 million.
Of the issues traded till then, 92 advanced, 167 declined and42 issues remained unchanged on the DSE trading floor.
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw downward trend with its Selective Category Index – CSCX – losing 23 points to stand at 10,488 points, also at 12noon.
Of the issues traded till then, 54 gained, 97 declined and 30 issues remained unchanged with BDT 154 million in turnover.