Dhaka, Bangladesh (BBN)-Bangladesh’s stocks turned negative after witnessing early hour mixed movement on Tuesday, the third trading session of the week.
Both the Dhaka Stock Exchange (DSE), the prime bourse of Bangladesh, and Chittagong Stock Exchange (CSE), the port city bourse of the country, opened with a mixed note amid volatility when the market opened at 10:30am.
But as the time passed, the DSE and CSE failed to hold the trend as investors failed to predict the future after two hours of trading, experts said.
The key index of Dhaka Stock Exchange lost 20.67 points while the port city bourse, selective catagory index of the Chittagong Stock Exchange went down 25.91 points around 12:30pm.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 20.67 points or 0.49 per cent to stand at 4,300.96 points, when the report was filed at 12:30pm.
The DS30 index, comprising blue chips, fell 4.78 points or – 0.29 per cent to reach at 1,653.76 points.
The DSE Shariah Index (DSES) also shed 3.31 points or -0.31 per cent to reach at 1,050.31 points.
DSE turnover stands at only BDT 1.71 billion when the report was filed at 12:30pm.
Of the issues traded till then, 80 advanced, 156 declined and 61 issues remained unchanged.
Bangladesh Steel re-rolling Mills dominated the turnover chart with shares worth BDT 352 million changing hands, followed by United Power, MJL BD, Gemeni Sea Foods, Power Grid Company of Bangladesh Ltd and Doreen Power Generations and Systems Limited.
The port city bourse – the Chittagong Stock Exchange (CSE) also saw negative trend till then with its Selective Category Index- CSCX– falling 25.91 points to stand at 8051.34 points, also at 12:27pm.
Of the issues traded till then, 58 gained, 107 declined 32 issues remained unchanged with a turnover value of BDT 108 million.