Dhaka, Bangladesh (BBN) – Bangladesh’s stocks could not sustain opening’s positive trend and turned negative at midday on Monday as investors are mostly on selling mode ahead of the holy month of Ramadan.
Following the previous eight days’ correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid low trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 5.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 4.0 points at 10:45am.
After 30 minutes of trading, the DSEX rose more than 14 points while the CSE All Share Price Index (CASPI) of port city’s bourse advanced 7.0 points at 11:00am.
After 90 minutes of trading, DSEX fell more than 9.0 points while the CSE All Shares Price Index lost 76 points at 12noon when the report was filed.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the DSE stands at 5,549 points, losing 9.73 points or 0.17 percent at 12noon.
The DS30 index, comprising blue chips, fell 1.82 points or 0.08 percent to reach at 2,073 points till then. The DSE Shariah Index (DSES) also lost 2.21 points to stand at 1,299 points till then.
Turnover, the crucial indicator of the market, stands at BDT 1.10 billion, when the report was filed at 12noon.
Western Marine Shipyard was the most traded stocks till then with shares worth BDT 125 million changing hands, closely followed by United Power BDT 69 million, Usmania Glass BDT 42 million, HR Textile BDT 33 million and Beximco BDT 32 million.
Of the issues traded till then, 116 advanced, 118 declined and 46 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 CSE All Shares Price Index of port city’s bourse – losing 76 points to stand at 17,119 points, also at 12noon.
The Selective Categories Index of the port city bourse also lost 46 points to reach at 10,348 points till then.
Of the issues traded till then, 32 gained, 86 declined and 27 issues remained unchanged with BDT 47 million in turnover.