Dhaka, Bangladesh (BBN)-Bangladesh’s stocks nosedived at midday after witnessing positive mood at opening on Monday.
Both the Dhaka Stock Exchange (DSE), the prime bourse of Bangladesh, and Chittagong Stock Exchange (CSE), the port city bourse of the country, began the day positive but could not hold it as the stocks started to experience roller coaster ride minutes after the opening on the second session of the week.
Brokers said, the market plunged as investors failed to predict the future.
The key index of Dhaka Stock Exchange, the prime bourse of Bangladesh, shunned 13.80 points while the selective category index of Chittagong Stock Exchange, the port city bourse of the country, also dropped 12.43 points when this report was updated around 12:30pm.
After nearly two hours of trading, DSEX, the prime index of the Dhaka Stock Exchange, stood at 4,566.69 points dropping 13.80 points or 0.30 per cent around 12:30pm.
However, the DS30 index, comprising blue chips, also descended 2.30 points or 0.13 per cent to reach at 1,745.59.
The DSE Shariah Index (DSES) also went down 1.56 points or 0.14 per cent to reach at 1,110.44.
Turnover on DSE stands at BDT 1.58 billion when the report was updated at 12:30pm.
Of the issues traded till then, only 97 advanced, 163 declined and 51 issues remained unchanged.
Beximco Pharma was the most traded stocks till then with shares BDT 136 million changing hands followed by ACI Formulations Limited, Shahjibazar Power Co Ltd, Olympic, IT Consultants Limited and Emerald Oil Industries Ltd, Square Pharma.
The port city bourse – the Chittagong Stock Exchange – (CSE) also continued negative trend during the two hours of trading as its Selective Category Index – CSCX – dropped 12.43 points to stand at 8,546.88 around 12:30pm.
Of the issues traded till then, 74 gained, 82 declined and 35 issues remained unchanged with a turnover value of BDT 868 million.