Retail investors are in despair as DSE witnesses volatility. BBN file photo

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks witnessed downward trend in early hour of trading on Thursday amid modest volatility as cautious investors are booking profits on sector specific stocks.
Following the previous three days’ upward trend, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw negative in early trading amid slow trading activities.
After first 15 minutes of trading, the key index of the country’s prime bourse fell 3.010 points while the Selective Category Index of port city bourse lost 1.88 points at 10:15am when the report was filed.
DSEX, the prime index of the DSE, went down by 3.10 points or 0.05 percent to stand at 5,888 points, at 10:15am.
The DS30 index, comprising blue chips also fell 4.38 points or 0.20 per cent to 2,127 points.
The DSE Shariah Index (DSES) lost 1.62 points or 0.12 percent to stand at 1,314 points.
Turnover, the important indicator of the market, stood at BDT 735 million when the report was filed at 10:15am.
Of the issues traded till then, 100 advanced, 55 declined and 59 remained unchanged.
Saif Powertec emerged as turnover leader with shares worth BDT 133 million changing hands, as investors grabbed its shares following the news that production of new battery unit of the company will be commenced from Saturday.
It was followed by C&A Textile worth BDT 55 million, LankaBangla Finance BDT 35 million, Prime Bank BDT 34 million and Square Pharmaceuticals BDT 33 million.
The port city bourse – the Chittagong Stock Exchange – (CSE) saw downward till then trend with its Selective Category Index – CSCX – losing 1.88 points to stand at 11038 points, also at 10:15am.
Of the issues traded till then, 38 gained, 32 declined and 16 issues remained unchanged with BDT 40 million in turnover.