Dhaka, Bangladesh (BBN) – Bangladesh’s stocks failed to stay on the positive trend at midday on Thursday as cautious investors went on selling shares on the budget declaration day.
The Finance Minister AMA Muhith is set to unveil the national budget for the fiscal year (FY) 2018-19 today.
Following the previous two days’ upturn, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher with rising turnover trading activities.
Within first 30 minutes of trading, the key index of the country’s prime bourse advanced more than 41 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 65 points at 10:30am.
After first hour of trading, the DSEX advanced more than 19 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 47 points at 11:00am.
After two hours of trading, DSEX fell more than 21 points while the CSE All Shares Price Index lost 61 points at 12noon when the report was filed.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the DSE stands at 5,376 points, losing 21.78 points at 12noon.
The DS30 index, comprising blue chips, also fell 11 points or to reach at 1,982 points till then.
The DSE Shariah Index (DSES) also fell 4.68 points to stand at 1,241 points till then.
Turnover, the crucial indicator of the market, stands at BDT 2.23 billion, when the report was filed at 12noon.
Aman Feed was the most traded stocks till then with shares worth Tk 165 million changing hands, closely followed by Alif Industries BDT 112 million, Legacy Footwear BDT 99 million, United Power BDT 98 million and BRAC Bank BDT 70 million.
Of the issues traded till then, 108 advanced, 144 declined and 64 issues remained unchanged on the DSE trading floor.
CHITTAGONG STOCK EXCHANGE:
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw negative trend till then with CSE All Shares Price Index of port city’s bourse – falling 61 points to stand at 16,560 points, also at 12noon.
The Selective Categories Index of the port city bourse also lost 38 points to reach at 10,018 points till then.
Of the issues traded till then, 60 gained, 72 declined and 29 issues remained unchanged with BDT 95 million in turnover.