Bangladesh’s stocks fail to stay positive at midday Monday

BBN file photo

Dhaka, Bangladesh (BBN)– Bangladesh’s stocks failed to stayed positive trend at midday on Monday as risk-averse investors started to book profit on sector-wise stocks.

Following the previous four days’ upward movement, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive note amid low trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 22 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 21 points at 10:45am.

But, after 30 minutes of trading, the DSEX fell more than 8.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 31 points at 11:00am.

After 90 minutes of trading, DSEX fell more than 18 points while the CSE All Shares Price Index lost 59 points at 12:00 noon when the report was filed.

DHAKA STOCK EXCHANGE
DSEX, the prime index of the DSE stands at 5,503 points, losing 18.22 points at 12:00 noon.

The DS30 index, comprising blue chips, also fell 7.98 points or to reach at 2,002 points till then.

The DSE Shariah Index (DSES) lost 2.55 points to stand at 1,276 points till then.

Turnover, the crucial indicator of the market, stands at BDT 2.75 billion, when the report was filed at 12noon.

Queen South Textile was the most traded stocks till then with shares worth BDT 133 million changing hands, closely followed by Beximco BDT 132 million, Paramount Textile BDT 110 million, Renata BDT 106 million and Grameenphone BDT 103 million.

Of the issues traded till then, 129 advanced, 144 declined and 49 issues remained unchanged on the DSE trading floor.

CHITTAGONG STOCK EXCHANGE
The port city bourse – the Chittagong Stock Exchange – (CSE) saw negative trend till then with CSE All Shares Price Index of port city’s bourse– losing 59 points to stand at 16,923 points, also at 12:00 noon.

The Selective Categories Index of the port city bourse also lost 40 points to reach at 10,231 points till then.

Of the issues traded till then, 60 gained, 91 declined and 28 issues remained unchanged with BDT 123 million in turnover.

BBN/SSR/SR

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