Dhaka, Bangladesh (BBN)– Bangladesh’s stocks failed to stay positive at midday on Sunday as risk-averse investors started to sell their holdings to avoid further loss.
Following the previous week’s drastic fall, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid low trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 24 points while the Selective Category Index of port city bourse gained 35 points at 10:45am.
After 30 minutes of trading, it slowed down somewhat and DSEX gained 13 points while the Selective Category Index of port city bourse advanced 34 points at 11:00am.
After 90 minutes of trading, DSEX fell nearly 52 points, while the Selective Category Index of port city bourse slumped 90 points when the report was filed at 12:00 noon.
DHAKA STOCK EXCHANGE
DSEX, the prime index of the DSE stands at 6,012 points, losing 52 points or 0.85 percent at 12:00 noon.
Two other indices also saw downward trend till then. The DS30 index, comprising blue chips fell 11.70 points or 0.53 percent to reach at 2,186 points.
The DSE Shariah Index (DSES) lost 9.98 points or 0.75 percent to reach at 1,324 points.
Turnover, the crucial indicator of the market, stands at BDT 2.64 billion, when the report was filed at 12:00 noon.
IFAD Autos led the turnover chart with shares worth BDT 172 million changing hands, closely followed Trust Bank BDT 156 million, Uttara Bank BDT 135 million, Shahjalal Bank BDT 115 million and ACI BDT 82 million.
Of the issues traded till then, 67 advanced, 223 declined and 28 issues remained unchanged on the DSE trading floor.
CHITTAGONG STOCK EXCHANGE
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw downward trend till then with its Selective Category Index – CSCX –shedding 90 points to stand at 11,287 points, also at 12:00 noon.
Of the issues traded till then, 41 gained, 124 declined and 9 issues remained unchanged with BDT 86 million in turnover.