Dhaka, Bangladesh (BBN) – Bangladesh’s stocks could not sustained the morning temper and plunged at midday on Wednesday as investors remained on selling spree.
At the opening both the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed positive trend.
After first 15 minutes of trading, the key index of the country’s prime bourse advanced 20.09 points while the Selective Category Index of port city bourse gained 12.28 points at 10:45am.
After 30 minutes of the day’s trading DSEX, the key index of the Dhaka Stock Exchange (DSE) increased 21.43 points and the CSCX, the Selective Category Index of port city bourse, expanded 36.95 points at 10:59am when this report was filed.
But as the time progressed, both the bourses nosedived to prevail the last five days negative trend.
At 12:43pm, DSEX plunged 2.71 points and reached at 6,101while the Selective Category Index of port city bourse dropped 1.45 points to reach at 11,445 points when this report was filed.
DHAKA STOCK EXCHANGE:
After two and 13 minutes of the day’s trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE) reached 6,101points shedding 2.71 points or 0.04 percent.
The two other indices also saw steep fall till the time.
The DS30 index, comprising blue chips fell 2.66 points or 0.12 percent to reach at 2,180 points at 12:43pm.
The DSE Shariah Index (DSES) lost 5.12 points or 0.38 percent to reach at 1,350 points.
Turnover, the crucial indicator of the market, stood at BDT 4137 million when the report was filed at 12:43pm.
Of the issues traded till then, 90 advanced, 187 declined and 43 issues remained unchanged on the DSE trading floor.
The banking sector continued to dominate the turnover chart with Shahjalal Islami Bank led the chart till then with shares worth BDT 275 million changing hands, followed Jamuna Bank BDT 258 million, Exim Bank BDT 194 million, Uttara Bank BDT 190 million, IFIC Bank BDT 168 million and Dutch-Bangla Bank BDT 137 million.
CHITTAGONG STOCK EXCHANGE:
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw negative trend when this report was filed at 12:41pm as its Selective Category Index – CSCX – dived 145 points to stand at 11,445 points.
Of the issues traded till then, 61 gained, 123 declined and 31 issues remained unchanged with BDT 1.60 million in turnover.