Retail investors are in despair as DSE witnesses volatility. BBN file photo
Dhaka, Bangladesh (BBN) - Bangladesh’s stocks stayed in downgrade trend at midday on Sunday as cautious investors continued their selling binge on sector-wise stocks.
Following the previous week’s upward trend, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened lower amid slow turnover activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse fell 5.32 points while the Selective Category Index of port city bourse lost 8.26 points at 10:45am.
After first hour of trading, the DSEX dropped more than 15 points while the Selective Category Index of port city bourse fell 34 points at 11:30am.
After 90 minutes of trading, DSEX fell 10.76 points while the Selective Category Index of port city bourse lost 32 points when the report was filed at 12noon.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the DSE stands at 6,088 points, losing 10.76 points or 0.17 percent at 12noon.
The two other indices also saw negative trend till then. The DS30 index, comprising blue chips, fell 3.48 points or 0.15 per cent to reach at 2,198 points.
The DSE Shariah Index (DSES) lost 2.58 points or 0.19 per cent to reach at 1,326 points.
Turnover, the crucial indicator of the market, stands at BDT 2.06 billion, when the report was filed at 12noon.
Shahjalal Islami Bank was the most traded stocks till then with shares worth BDT 126 million changing hands, closely followed by LankaBangla Finance BDT with 101 million, Western Marine Shipyard BDT 93 million, Fu-Wang Food BDT 80 million and Power Grid BDT 66 million.
Of the issues traded till then, 105 advanced, 141 declined and 55 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 its Selective Category Index – CSCX – losing 32 points to stand at 11,406 points, also at 12noon.
Of the issues traded till then, 53 gained, 88 declined and 19 issues remained unchanged with BDT 98 million in turnover.
BBN/SS/AD