Investors are in despair as Bangladesh’s stocks nosedive. BBN file photo
Dhaka, Bangladesh (BBN) – Bangladesh’s stocks witnessed downward trend in early hour of trading on Tuesday as investors went on selling spree on sector-wise stocks fearing further fall.
Investors feared further fall of stock prices as Bangladesh Bank has fined seven banks for violating stock market rules by way of miss-reporting on share investment and over-exposure.
Following the previous day’s steep decline, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened lower amid low trading activities.
After first 15 minutes of trading, the key index of the country’s prime bourse fell more than 33 points while the Selective Category Index of port city bourse lost 56 points at 10:45am when the report was filed.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the DSE, went down by 33.82 points or 0.55 percent to reach at 6,095 points, when the report was filed at 10:45am.
The two other indices also saw downward trend till then.
The DS30 index, comprising blue chips fell 8.28 points or 0.37 percent to reach at 2,191 points.
The DSE Shariah Index (DSES) lost 3.22 points or 0.24 percent to stand at 1,346 points.
Turnover, the important indicator of the market, stood at BDT 834 billion when the report was filed at 10:45am.
Of the issues traded till then, 77 advanced, 97 declined and 40 remained unchanged.
Exim Bank led the turnover chart with shares worth BDT 69 million changing hands, closely followed LankaBangla Finance BDT 67 million, Aamra Networks BDT 59 million, National Bank BDT 52 million, and Uttara Bank BDT 44 million.
CHITTAGONG STOCK EXCHANGE:
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw downward trend till then with its Selective Category Index – CSCX – losing 56 points to stand at 11,467 points, also at 10:45am.
Of the issues traded till then, 25 gained, 35 declined and 6 issues remained unchanged with BDT 37 million in turnover.
BBN/SS/AD
