Bangladesh’s stocks witness slow movement at midday

Retail investors are in despair as DSE witnesses volatility. BBN file photo

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks witnessed slow movement and turned in the negative trend at midday on Sunday as investors were mostly followed cautious stance.

Following the previous week’s marginal correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed marginally higher amid low trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse gained more than 10 points while the CSE All Share Price Index (CASPI) of port city’s bourse advanced 6.0 points at 10:45am.

After 30 minutes of trading, the DSEX advanced nearly 7.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 5.0 points at 11:00am.

After 90 minutes of trading, DSEX fell 2.77 points while the CSE All Shares Price Index lost 59 points at 12noon, when the report was filed.

DHAKA STOCK EXCHANGE

DSEX, the prime index of the DSE stands at 5,255 points, losing 2.77 points or 0.05 percent at 12noon.

The DS30 index, comprising blue chips, fell 7.42 points to reach at 1,857 points till then.

The DSE Shariah Index (DSES) also lost 0.14 points to stand at 1,215 points till then.

Turnover, the crucial indicator of the market, stands at BDT 2.38 billion when the report was filed at 12noon.

Intraco Refueling Station was the most traded stocks till then with shares worth BDT 141 million changing hands, followed by KPCL BDT 126 million, SK Trims Industries BDT 105 million, Nurani Dyeing BDT 87 million and Intech BDT 82 million.

Of the issues traded till then, 150 advanced, 113 declined and 51 issues remained unchanged on the DSE trading floor.

CHITTAGONG STOCK EXCHANGE

The port city’s bourse – the Chittagong Stock Exchange – (CSE), also turned negative trend till then with CSE All Shares Price Index of port city’s bourse–losing 59 points to stand at 16,101 points, also at 12noon.

The Selective Categories Index of the port city bourse also lost 39 points to reach at 9,755 points till then.

Of the issues traded till then, 79 gained, 62 declined and 24 issues remained unchanged with BDT 100 million in turnover.

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