Dhaka, Bangladesh (BBN) – Bangladesh’s stocks witnessed downward trend at midday Thursday as most of the investors followed cautious stance amid ongoing quarterly earnings declaration.
Following the previous 11 days’ 302 points correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw negative trend amid increasing turnover, riding on newly listed issue.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced 2.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 5.0 points at 10:45am.
After 30 minutes of trading, the DSEX fell 0.50 point while the CSE All Share Price Index (CASPI) of port city’s bourse shed 18 points at 11:00am.
After 90 minutes of trading, DSEX shed more than 28.82 points while the CSE All Shares Price Index fell 55 points at 12noon when the report was filed.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the DSE stands at 5,483 points, losing 28.83 points at 12noon.
The DS30 index, comprising blue chips, fell 14 points or 0.68 percent to reach at 2,041 points till then.
The DSE Shariah Index (DSES) also lost 2.53 points or 0.19 per cent to stand at 1,288 points till then.
Turnover, the crucial indicator of the market, stands at BDT 1.95 billion, when the report was filed at 12noon.
Intraco Refueling Station, which made trading debut today, was the most traded stocks till then worth BDT 291 million changing hands, closely followed by BSRM BDT 231 million, United Power BDT 80 million, Monno Ceramic BDT 79 million Beximco BDT 65 million.
Of the issues traded till then,73 advanced, 186 declined and 52 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 55 points to stand at 16,962 points, also at 12noon.
The Selective Categories Index of the port city bourse also lost 32 points to reach at 10,255 points till then.
Of the issues traded till then, 55 gained, 101 declined and 18 issues remained unchanged with BDT 178 million in turnover.