Bangladesh’s stocks turn flat at midday on Wednesday

BBN file photo

Dhaka, Bangladesh (BBN)– Bangladesh’s stocks turned into flat note at midday on Wednesday as investors are active both sides of trading fence ahead of Eid Festival.

Following the previous two days’ moderate gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened positive trend amid increasing participation of investors.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 12 points while the Selective Category Index of port city bourse rose 13 points at 10:15am.

After first 30 minutes of trading, DSEX rose nearly 9.0 points while the Selective Category Index of port city bourse advanced 11 points at 11:00am.

After 90 minutes of trading, DSEX, the prime index of the DSE advanced nearly 0.64 points, while the Selective Category Index of port city bourse fell 11 points when the report was filed at 12:00 noon.

DHAKA STOCK EXCHANGE
DSEX, the prime index of the DSE stands at 5,863 points, advancing 0.64 points or 0.01 percent at 12:00 noon.

The DS30 index, comprising blue chips also gained 3.14 points or 0.15 percent to reach at 2106 points.

However, the DSE Shariah Index (DSES) fell 0.84 points or 0.16 percent to reach at 1,307 points.

Turnover, the crucial indicator of the market, stands at BDT 3.86 billion, when the report was filed at 12:00 noon.

Bangladesh Building Systems led the turnover chart till then with shares worth BDT 634 million changing hands, closely followed by BSS Cables BDT 332 million, LankaBangla Finance BDT 320 million, Fortune Shoes BDT 131 million and Uttara Finance BDT 116 million.

Of the issues traded till then, 125 advanced, 139 declined and 49 issues remained unchanged on the DSE trading floor.
CHITTAGONG STOCK EXCHANGE

However, the port city bourse – the Chittagong Stock Exchange – (CSE) saw negative trend with its Selective Category Index – CSCX –losing 11 points to stand at 10,996 points, also at 12:00 noon.

Of the issues traded till then, 70 gained, 97 declined and 28 issues remained unchanged with BDT 176 in turnover.

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