Dhaka, Bangladesh (BBN) – Bangladesh’s stocks witnessed downward trend in early hour of trading on Tuesday, maintaining the previous two day’s downturn.
The key index of the country’s prime bourse rose 23 points while the Selective Category Index of port city bourse rose 77 points within first 6 minutes of trading, but since then started decline.
After 15 minutes of trading, the key index of the Dhaka Stock Exchange (DSE) fell 16.50 points while Chittagong Stock Exchange (CSE) stayed at positive trend with 11.17 points gain till then when the report was filing at 10:45am.
Analysts said the investors remained followed cautious following the central bank’s concern over the recent bullish momentum in the capital market coupled with mixed quarterly earnings declaration of listed companies.
Effective surveillance is necessary so that the process of recovery from the bearish trend since 2010 remains under the regulator’s control, the central bank said in its latest monetary policy statement.
“Otherwise, investors will seriously be affected like previous times,” Bangladesh Bank Governor Fazle Kabir said while announcing the monetary policy for the second half of the fiscal year on Sunday.
DSEX, the benchmark index of the DSE, went down by 16.50 points or 0.30 per cent to stand at 5405.15 points, when the report was filed at 10:45am.
The two other indices also saw negative till then.
The DS30 index, comprising blue chips, lost 5.81 points or 0.29 per cent to reach at 1972.65 points.
The DSE Shariah Index (DSES) shed 1.75 points or 0.14 percent to stand at 1,258.31 points.
Turnover, the important indicator of the market, stands at BDT 862 million when the report was filed at 10:45 million, riding on Doreen Power.
Of the issues traded till then, 90 advanced, 105 declined and 46 issues remained unchanged.
Doreen Power dominated the turnover chart with shares worth BDT 107 million changing hands till then, followed by Islami Bank BDT 34 million, Beximco BDT 33 million, Appollo Ispat BDT 31 million and Ratanpur Steel Re-rolling Mills BDT 29 million.
However, the port city bourse CSE remained stayed in positive zone with its Selective Category Index – CSCX – advancing 11.18 points to stand at 10193.75 points, also at 10:45am.
Of the issues traded till then, 34 gained, 39 declined and 17 issues remained unchanged with a turnover value of BDT 35 million.