Dhaka, Bangladesh (BBN) – Bangladesh’s stocks witnessed downward trend in early hour of trading on Monday as some investors went on selling spree amid ongoing quarterly earnings and dividend declarations.
Following the previous week’s mild correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on negative trend amid low trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse fell more than 14 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 6.35 points at 10:45am when the report was filed.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the DSE, went down by 14.46 points or 0.24 percent to reach at 5,799 points at 10:45am.
The DS30 index, comprising blue chips, also lost 5.15 points or 0.23 percent to reach at 2,166 points.
The DSE Shariah Index (DSES) shed 5.48 points or 0.40 per cent to reach at 1,338 points till then.
Turnover, the important indicator of the market, stood at BDT 732 million when the report was filed at 10:45am.
Of the issues traded till then, 81 advanced, 98 declined and 33 remained unchanged.
BRAC Bank was the most traded stocks till then with shares worth BDT 112 million changing hands, closely followed by Beximco BDT 68 million, Western Marine Shipyard BDT 56 million, LafargeHolcim Bangladesh BDT 49 million and IBN Sina BDT 35 million.
CHITTAGONG STOCK EXCHANGE:
The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw negative trend till then with CSE All Share Price Index – CASPI – losing 6.35 points to stand at 17,920, also at 10:45am.
The Selective Category Index – CSCX – also fell 5.0 points to stand at 10,831 points till then.
Of the issues traded till then, 35 gained, 29 declined and 11 issues remained unchanged with BDT 32 million in turnover.