Retail investors are in despair as DSE witnesses volatility. BBN file photo
Dhaka, Bangladesh (BBN) - Bangladesh’s stocks turned volatile at midday Thursday as investors are active on both sides of the trading fences amid ongoing earnings and dividend declaration session.
After crossing the 6,000-mark in the previous day, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid increasing trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced nearly 10.74 points while the Selective Category Index of port city bourse advanced 5.58 points at 10:45am.
After first hour of trading, the DSEX advanced nearly 20 points while the Selective Category Index of port city bourse rose 28 points at 11:30am.
After 90 minutes of trading, DSEX gained 1.94 points while the Selective Category Index of port city bourse rose 15 points when the report was filed at 12noon.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the DSE stands at 6,003 points, advancing 1.94 points or 0.03 percent at 12noon.
However, the two other indices saw negative trend till then. The DS30 index, comprising blue chips, lost 8.08 points or 0.37 per cent to reach at 2,174 points.
The DSE Shariah Index (DSES) also lost 3.28 points to reach at 1,321 points.
Turnover, the crucial indicator of the market, stands at BDT 2.37 billion, when the report was filed at 12noon.
Gemeni Sea Food was the most traded stocks till then with shares worth BDT 242 million changing hands, followed by IDLC Finance BDT 128 million, Brac Bank BDT 121 million, Safko Spinning BDT 108 million and City bank BDT 86 million.
Of the issues traded till then, 132 advanced, 135 declined and 43 issues remained unchanged on the DSE trading floor.
CHITTAGONG STOCK EXCHANGE:
The port city bourse – the Chittagong Stock Exchange – (CSE) saw positive trend till then with its Selective Category Index – CSCX – advancing 15 points to stand at 11,255 points, also at 12noon.
Of the issues traded till then, 73 gained, 78 declined and 24 issues remained unchanged with BDT 92 million in turnover.
BBN/SS/AD