Bangladesh’s stocks maintain downward trend at midday

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

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks maintained the downward trend at midday on Monday as investors remained on selling spree amid ongoing quarterly earnings declarations.

Following the previous week’s mild correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on negative trend amid low trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse fell more than 14 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 6.35 points at 10:45am.

After 30 minutes of trading, the DSEX lost more than 23 points while the CSE All Share Price Index (CASPI) of port city’s bourse fell 37 points at 11:00am.

After 90 minutes of trading, DSEX fell nearly 46 points while the CSE All Shares Price Index lost 152 points at 12noon when the report was filed.

DHAKA STOCK EXCHANGE:

DSEX, the prime index of the DSE stands at 5,768 points, losing 46 points or 0.79 percent at 12noon.

The two other indices also saw downward trend till then. The DS30 index, comprising blue chips, fell 16 points or 0.75 percent to reach at 2,155 points. The DSE Shariah Index (DSES) lost 10 points or 0.75 percent to stand at 1,333 points till then.

Turnover, the crucial indicator of the market, stands at BDT 2.12 billion, when the report was filed at 12noon.

Beximco was the most traded stocks till then with shares worth BDT 289 million changing hands, closely followed by BRAC BDT 178 million, Western Marine Shipyard BDT 91 million, LafargeHolcim Bangladesh BDT 88 million and Queen Southeast BDT 84 million.

Of the issues traded till then, 80 advanced, 186 declined and 41 issues remained unchanged on the DSE trading floor.

CHITTAGONG STOCK EXCHANGE:

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw downward trend till then with CSE All Shares Price Index of port city’s bourse – losing 152 points to stand at 17,774 points, also at 12noon.

The Selective Categories Index of the port city bourse also lost 91 points to reach at 10,744 points till then.

Of the issues traded till then, 44 gained, 99 declined and 14 issues remained unchanged with BDT 100 million in turnover.

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