Dhaka, Bangladesh (BBN) – Bangladesh’s stocks witnessed downward trend at midday on Wednesday as most of the investors followed cautious stance amid ongoing quarterly earnings declaration.
Following the previous 10 days’ 265 points correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened marginally lower amid low trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse fell 0.58 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 10 points at 10:45am.
After 30 minutes of trading, the DSEX fell more than 10 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 4.44 points at 11:00am.
After 90 minutes of trading, DSEX shed more than 29 points while the CSE All Shares Price Index fell 64 points at 12noon when the report was filed.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the DSE stands at 5,519 points, losing 29.23 points at 12noon.
The DS30 index, comprising blue chips, fell 13.40 points or 0.64 percent to reach at 2,058 points till then.
The DSE Shariah Index (DSES) also lost 6.88 points or 0.52 per cent to stand at 1,293 points till then.
Turnover, the crucial indicator of the market, stands at BDT 1.24 billion, when the report was filed at 12noon.
Western Marine Shipyard was the most traded stocks till then with shares worth BDT 118 million changing hands, closely followed by Queen South Textile BDT 64 million, Legacy Footwear BDT 48 million, Beximco BDT 47 million and Monno Ceramic BDT 44 million.
Of the issues traded till then, 85 advanced, 149 declined and 68 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 port city’s bourse – losing 64 points to stand at 17,063 points, also at 12noon.
The Selective Categories Index of the port city bourse also lost 39 points to reach at 10,314 points till then.
Of the issues traded till then, 37 gained, 75 declined and 21 issues remained unchanged with BDT 42 million in turnover.