Dhaka, Bangladesh (BBN) – Bangladesh’s stocks kept the early hour’s downward trend at midday on Sunday, as the cautious investors continued their selling spree.
Although the market opened with a positive note and the key of the premier bourse rose 12 points within first 5 minutes, next 10 minutes, it fell sharply by 46 points at 10:45am.
After 30 minutes of trading, the key index of the country’s prime bourse recovered the losses and advanced 2.80 points at 11:00am, but failed to sustain the momentum as the session progressed.
At 12:00 noon, DSEX declined 21.06 points while the Selective Category Index of port city bourse lost 9.94 points when the report was filed.
After one and a half hours of trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE) came down at 5344.06 points, losing 21.06 points or 0.39 per cent when the report was filing at 12:00 noon.
The two other indices also saw negative trend till then.
The DS30 index, comprising blue chips fell 3.88 points or 0.19 per cent to reach at 1953.02 points at 12:00 noon.
The DSE Shariah Index (DSES) lost 2.94 points or 0.23 per cent to reach at 1,251.85 points.
Turnover, the crucial indicator of the market, stands at BDT 2.32 billion when the report was filed at 12:00 noon.
Of the issues traded till then, 111 advanced, 168 declined and 33 issues remained unchanged on the DSE trading floor.
Saif Powertc dominated the turnover chart with shares worth BDT 128 million changing hands till then, closely followed by ACI Formulations BDT 97 million, Beximco BDT 88 million, Lankabangla Finance BDT 85 million and Appollo Ispat BDT 84 million.
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw downward trend till 12:00 noon as its Selective Category Index – CSCX –losing 9.94 points to stand at 10053.72 points, also at 12:00 noon.
Of the issues traded till then, 65 gained, 96 declined and 24 issues remained unchanged with BDT 132 million in turnover.