Dhaka, Bangladesh (BBN) – Bangladesh’s stocks plunged at midday on Sunday as cautious investors went on selling spree on sector-wise large-cap stocks.
Following the previous week’s correction, the Dhaka Stock Exchange (DSE) saw positive trend while the Chittagong Stock Exchange (CSE) opened in negative trend amid low trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced 5.55 points while the CSE All Shares Price Index of port city bourse fell 14 points at 10.15am.
After 30 minutes of trading, the DSEX advanced 5.88 points while the CSE All Shares Price Index of port city bourse fell 15 points at 11:00am.
After 90 minutes of trading, DSEX fell more than 23 points while the CSE All Shares Price Index lost 65 points at 12noon when the report was filed.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the DSE stands at 6,224 points, losing 23.62 points or 0.38 percent at 12noon.
The two other indices saw downward trend till then. The DS30 index, comprising blue chips, fell 8.46 points or 0.37 percent to reach at 2,255 points.
The DSE Shariah Index (DSES) also lost 7.12 points or 0.51 percent to reach at 1,382 points.
Turnover, the crucial indicator of the market, stands at BDT 1.45 billion, when the report was filed at 12:00 noon.
Legacy Footwear was the most traded stocks till then with shares worth BDT 75 million changing hands, closely followed by Simtex Industries BDT 63 million, BD Thai Aluminium BDT 60 million, Square Textile BDT 38 million and Paramount Textile BDT 37 million.
Of the issues traded till then, 124 advanced, 139 declined and 49 issues remained unchanged on the DSE trading floor.
CHITTAGONG STOCK EXCHANGE:
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw downturn till then with CSE All Shares Price Index of – losing 65 points to stand at 19,271 points, also at 12noon.
The Selective Categories Index of the port city bourse also lost 44 points to reach at 11,653 points till then.
Of the issues traded till then, 63 gained, 78 declined and 31 issues remained unchanged with BDT 61 million in turnover.