Dhaka, Bangladesh (BBN)-Bangladesh’s stocks turned negative after witnessing early hour upward movement on Wednesday, the fourth trading session of the week.
Both the Dhaka Stock Exchange (DSE), the prime bourse of Bangladesh, and Chittagong Stock Exchange (CSE), the port city bourse of the country, opened with a positive note when the market opened at 10:30am.
But as the time passed, the DSE and CSE failed to hold the trend as investors failed to predict the future after two hours of trading, experts said.
The key index of Dhaka Stock Exchange lost 18.57 points while the port city bourse, selective catagory index of the Chittagong Stock Exchange dropped 19.58 points at 12:30pm.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 18.57 points or 0.43 per cent to stand at 4,253.61 points, when the report was filed at 12:30pm.
The DS30 index, comprising blue chips, dropped 3.34 points or 0.20 per cent to reach at 1,641.16 points.
The DSE Shariah Index (DSES) slumped 2.86 points or 0.27 per cent to reach at 1,041.22 points.
DSE turnover stands at BDT 1.89 billion when the report was filed at 12:30pm.
Of the issues traded till then, 74 advanced, 197 declined and 34 issues remained unchanged.
Bangladesh Steel Re-rolling Mills dominated the turnover chart with shares worth BDT 137 million changing hands, followed by Linde BD, Beximco Pharma, BSRM Steels Limited, Doreen Power Generations and Systems Limited and Fareast Knitting and Dyeing.
The port city bourse also saw positive trend at opening with its Selective Category Index- CSCX– declining 19.58 points to stand at 7,962.24 points, also at 12:30pm.
Of the issues traded till then, 50 gained, 120 declined 22 issues remained unchanged with a turnover value of BDT 146 million.