Dhaka, Bangladesh (BBN) – Bangladesh’s stocks remained in the downward trend at midday on Wednesday as cautious investors were on selling mood ahead of year-closing.
Following the previous two days’ marginal gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened negative trend with low trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse fell more than 3.0 points while the CSE All Shares Price Index of port city bourse lost 5.30 points at 10:45am.
After first 30 minutes of trading, the key index of the country’s prime bourse lost 8.14 points while the CSE All Shares Price Index of port city bourse shed 10 points at 11:00am.
After 90 minutes of trading, DSEX fell more than 19 points while the CSE All Shares Price Index lost 59 points at 12noon when the report was filed.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the DSE stands at 6,209 points, advancing 19.39 points or 0.31 percent at 12noon.
The two other indices also saw downturn till then. The DS30 index, comprising blue chips, lost 8.58 points or 0.38 percent to reach at 2,235 points.
The DSE Shariah Index (DSES) also fell 2.80 points or 0.20 percent to reach at 1,367 points.
Turnover, the crucial indicator of the market, stands at BDT 1.68 billion, when the report was filed at 12:00 noon.
National Tubes was the most traded stocks till then with shares worth BDT 122 million changing hands, closely followed by Alif Manufacturing Company BDT 121 million, Rupali Life Insurance BDT 64 million, Square Textile BDT 56 million and Aamra Networks BDT53 million.
Of the issues traded till then, 117 advanced, 151 declined and 51 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 CSE All Shares Price Index of –losing 59 points to stand at 19,233 points, also at 12noon.
The Selective Categories Index of the port city bourse also lost 36 points to reach at 11,624 points till then.
Of the issues traded till then, 59 gained, 86 declined and 30 issues remained unchanged with BDT 64 million in turnover.