BBN file photo

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks stayed downward trend at midday on Wednesday as investors continued on selling spree.

Following the previous two days’ flat movement, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened lower with sluggish trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse fell more than 12 points while the Selective Category Index of port city bourse lost 19 points at 10:45am.

But, it rebounded sharply in next 15 minutes and DSEX gained more than 16 points while the Selective Category Index of port city bourse rose 24 points at 11:00am.

However, after 90 minutes of trading, DSEX again fell sharply by 17.83 points, while the Selective Category Index of port city bourse lost 45 points when the report was filed at 12:00 noon.

DHAKA STOCK EXCHANGE
DSEX, the prime index of the DSE stands at 6,218 points, losing 17.83 points or 0.28 percent at 12:00 noon.

Two other indices also saw downward trend till then. The DS30 index, comprising blue chips fell 4.90 points or 0.22 percent to reach at 2,209 points.

The DSE Shariah Index (DSES) lost 2.81 points or 0.20 percent to reach at 1,372 points.

Turnover, the crucial indicator of the market, stands at BDT 4.98 billion, when the report was filed at 12:00 noon.

The banking sector dominated the turnover chart with National Bank led the chart till then with shares worth BDT 356 million changing hands, closely followed Summit Power BDT 292 million, IFIC Bank BDT 229 million, Exim Bank BDT 196 million and Al-Arafah Islami Bank BDT 192 million.

Of the issues traded till then, 148 advanced, 125 declined and 48 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 its Selective Category Index – CSCX –losing 45 points to stand at 11,667 points, also at 12:00 noon.

Of the issues traded till then, 85 gained, 79 declined and 27 issues remained unchanged with BDT 233 million in turnover.

BBN/SSR/AD