Retailers trade at Dhaka Stock Exchange office. BBN file photo
Dhaka, Bangladesh (BBN) - Bangladesh’s stocks recovered from the initial sharp fall after two-and-a half hours of trading as some optimistic investors went on buying spree on sector-wise large-cap stocks, taking the advantage of low prices of available shares.
Following the previous day’s four-and-a-half year’s biggest fall, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) started the day with steep decline.
Within first 15 minutes of trading, the key index of the country’s prime bourse fell more than 117 points while the CSE All Share Price Index (CAPSI) of port city’s bourse slumped 217 points at 10:55am.
After that it started to recovered.
After two and a half hours at 1:00pm, DSEX, the prime index of the DSE, recovered all the losses.
DHAKA STOCK EXCHANGE:
DSEX went up by 5.65 points or 0.09 percent to reach at 5,894 points at 1:00pm.
The two other indices also recovered the early losses till then.
The DS30 index, comprising blue chips also advanced 3.88 points or 0.12 percent to reach at 2,195 points.
The DSE Shariah Index (DSES) advanced 1.65 points or 0.18 percent to stand at 1,378 points till then.
Turnover, the important indicator of the market, stood at BDT 2.76 million when the report was filed at 1:00pm.
Of the issues traded till then, 158 advanced, 118 declined and 56 remained unchanged.
GP was the most traded stocks till then with shares worth BDT 128 million changing hands, closely followed by Beximco Pharma BDT 114 million, Brac Bank BDT 110 million, Square Pharmaceuticals BDT 103 million and LankaBangla Finance BDT 87 million.
CHITTAGONG STOCK EXCHANGE:
However, the port city bourse – the Chittagong Stock Exchange – (CSE) also recovered most of the early looses till then with CSE All Share Price Index- CAPSI- losing 20 points to stand at 18,199, also at 1:00pm.
The Selective Category Index – CSCX – also lost 9.44 points to stand at 10,996 points till then.
Of the issues traded till then, 90 gained, 83 declined and 21 issues remained unchanged with BDT 129 million in turnover.
BBN/SS/AD