Dhaka, Bangladesh (BBN)-Bangladesh’s stocks managed to maintain upward trend in morning-to-midday trade Monday amid roller coaster ride.
Though the market opened with optimistic note in the morning, but could not hold the trend within one hour of trading.
It plunged as investors followed cautious stance and went for random sell-offs amid their inability to predict the future.
Brokers said, investors remained watchful on overall market movements and continued pursuing cautiousness in portfolio re-balancing.
The Dhaka Stock Exchange, the prime bourse of the country opened higher in the very beginning, rising 12.22 points or 0.26 percent to reach at 4,620.25 within first 15 minutes of trade.
At 11:06am the market touched 4643.94 and since then, it experienced fluctuation till filing the report at 12:30pm.
After nearly two hours of trading, DSEX, the prime index of the Dhaka Stock Exchange stood at 4,617.08 points gaining 9.05 points or 0.19 per cent at 12:20pm.
However, the DS30 index, comprising blue chips, also obtained 5.80 points or 0.33 per cent to reach at 1,749.29.
The DSE Shariah Index (DSES) also earned 4.37 points or 0.39 per cent to reach at 1,098.97.
Turnover on DSE stands at BDT 12.12 billion when the report was filed at 12:20pm.
Of the issues traded till then, 118 advanced, 119 declined and 55 issues remained unchanged.
The Lafarge Surma Cement was remained the most traded stocks with shares BDT 1.35 million changing hands followed by KDS Accessories Limited, Beximco Pharma, Emerald Oil Industries Ltd, CVO Petrochemical Refinery Limited and Brac Bank.
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw maintained positive trend after two hours of trading as its Selective Category Index – CSCX – gained 14.11 points to stand at 8,552.04, at 12:30pm.
Of the issues traded till then, 82 gained, 85 declined and 25 issues remained unchanged with a turnover value of BDT 1.10 billion.