Bangladesh’s stocks plunge at midday

Last updated: February 2, 2017

Dhaka, Bangladesh (BBN) - Bangladesh’s stocks plunged at mid-day on Thursday, maintaining the early hour’s downturn as investors remained selling spree.
Within first 15 minutes of trading, the key index of the country’s prime bourse lost 9.12 points and the downturn continued as the session progressed.
After 30 minutes of trading, the DSEX fell 39.90 points while the Selective Category Index of port city bourse lost 60.62 points at 11:00am.
At 12:00 noon, DSEX plunged 63.35 points while the Selective Category Index of port city bourse lost 91.06 points when the report was filed.
DHAKA STOCK EXCHANGE:
After one and a half hours of trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE) came down at 5410.54 points, losing 63.35 points or 1.15 per cent when the report was filing at 12:00 noon.
The two other indices also saw steep fall till then. The DS30 index, comprising blue chips fell 23.90 points or 1.20 per cent to reach at 1969.74 points at 12:00 noon.
The DSE Shariah Index (DSES) lost 9.80 points or 0.77 per cent to reach at 1,262.97 points.
Turnover, the crucial indicator of the market, stands at only BDT 2.82 billion when the report was filed at 12:00 noon.
Of the issues traded till then, 73 advanced, 219 declined and 19 issues remained unchanged on the DSE trading floor.
LankaBangla Finance dominated the turnover chart with shares worth BDT 182 million changing hands till then, closely followed by Islami Bank BDT 128 million, Beximco BDT 125 million, IFAD Autos BDT 110 million and Saif Powertec BDT 76 million.
CHITTAGONG STOCK EXCHANGE:
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw downward trend till 12:00 noon as its Selective Category Index – CSCX –losing 91.06 points to stand at 10,185.31 points, also at 12:00 noon.
Of the issues traded till then, 33 gained, 145 declined and 7 issues remained unchanged with BDT 149 million in turnover.
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