midday business round up

Bangladesh’s stocks open mix trend

Last updated: December 28, 2016

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks witnessed mixed trend in early hour of trading on Wednesday as some risk-averse investors booked profit on sector specific stocks.
The Dhaka Stock Exchange (DSE) saw positive trend while the Chittagong Stock Exchange (CSE) saw negative trend till filed the report at 11:30am.
After crossing the 5,000-mark in the previous day, the key index of the DSE advanced 7.78 points, while the Selective Category Index of port city bourse lost14.70 points within first hour of the day’s trading at 11:30am.
DHAKA STOCK EXCHANGE:
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went up by 7.78 points or 0.16 percent to stand at 5,024.53 points, when the report was filed at 11:30am.
The two other indices also saw positive trend. The DS30 index, comprising blue chips, advanved 3.99 points or 0.22 percent to reach at 1,811.45 points.
The DSE Shariah Index (DSES) rose 6.06 points or 0.51 percent to stand at 1,188.29 points.
Turnover, the important indicator of the market, stands at BDT 2.45 billion when the report was filed at 11:30am, riding on Bangladesh Building Systems and Central Pharmaceuticals.
Of the issues traded till then, 180 advanced, 88 declined and 38 issues remained unchanged.
Bangladesh Building Systems dominated the turnover chart with shares worth BDT 107 million changing hands till then, followed by Central Pharma BDT 87 million, Mozaffar Hossian Spinning Mills BDT 78 million, Summit Alliance Port BDT 74 million and C&A Textile BDT 66 million.
CHITTAGONG STOCK EXCHANGE:
However, the port city bourse CSE saw negative trend till then with its Selective Category Index – CSCX –losing 14.70 points to stand at 9,345.44 points, also at 11:30am.
Of the issues traded till then, 76 gained, 82 declined and 28 issues remained unchanged with a turnover value of BDT 111 million.
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