Investors are in despair as Bangladesh's stocks nosedive. BBN file photo
Dhaka, Bangladesh (BBN) - Bangladesh’s stocks stumbled at midday on Sunday as worried investors continued to dump their holdings to avoid further loss.
Following the previous week’s fall, the key index of the major bourse plunged more than 33 points, while the Selective Category Index of port city bourse lost 32 points when the report was filed at 10:45am.
After 30 minutes of trading, the key index of the country’s major bourse stands at 5,478 points, losing 43 points while the Selective Category Index of port city bourse fell 48 points at 11:00am.
At 12noon, the DSEX went down by 51.44 points while the Selective Category Index of port city bourse lost 98 points when the report was filing.
DHAKA STOCK EXCHANGE:
After one and a half hours of trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE) stands at 5,470.20 points, shedding 51.44 points or 0.93 percent when the report was filing at 12noon.
The two other indices also saw downturn.
The DS30 index, comprising blue chips fell 17.95 points to reach at 2,032.48 points.
The DSE Shariah Index (DSES) lost 5.29 points or 0.41 percent to reach at 1,266.94 points.
Turnover, the crucial indicator of the market, stood at BDT 2.05 billion when the report was filed at 12noon.
LankaBangla Finance dominated the turnover chart with shares worth BDT 295 million changing hands till then, followed by BDCOM Online BDT 88 million, Islamic Finance BDT 69 million, Beximco BDT 63 million and Shahjibazar Power BDT 62 million.
Of the issues traded till then, 56 advanced, 208 declined and 34 issues remained unchanged on the DSE trading floor.
CHITTAGONG STOCK EXCHANGE:
The port city bourse – the Chittagong Stock Exchange – (CSE) also plunged at mid-day as its Selective Category Index – CSCX – losing 98 points to stand at 10,271 points, also at 12noon.
Of the issues traded till then, 30 gained, 115 declined and 18 issues remained unchanged with BDT 106 million in turnover.
BBN/SA/AD