Dhaka, Bangladesh (BBN)-Bangladesh’s stocks failed to maintain the early hour’s upward momentum on Thursday, the last session of the year 2016, as risk-averse investors went on booking profit on sector specific stocks.
The market opened with an optimistic note in the morning with the key index of the major bourse gaining more than 21 points to stand at 5,049 points within first 15 minutes of trading.
After 30 minutes of trading, DSEX, the prime index DSE stand at 5,046.98 points, advancing 19.07 points or 0.38 per cent at 11:00am.
After two hours of trading at 12:30pm, the market returned the red zone with the key index of the DSE falling 1.34 points, while the Selective Category Index of port city bourse fell 13.67 points.
DHAKA STOCK EXCHANGE:
After two hours of trading, DSEX, the prime index of the Dhaka Stock Exchange came down to 5,026.58 points, losing 1.34 points or 0.03 percent at 12:30pm.
However, the two other indices stay positive trend till then. The DS30 index, comprising blue chips advanced 0.60 points or 0.03 percent to reach at 1,809.06 points at 12:30pm.
The DSE Shariah Index (DSES) also gained 0.41 points or 0.03 percent to reach at 1,189.41 points.
Turnover, the crucial indicator of the market, stands at BDT5.42 billion when the report was filed at 12:30pm.
Of the issues traded till then, 151 advanced, 140 declined and 42 issues remained unchanged on the DSE trading floor riding on Generation Next fashion and Union Capital.
Generation Next Fashion dominated the turnover chart with shares worth BDT 166 million changing hands till then, closely followed by Union Capital BDT 145 million, United Airways BDT 144 million, Titas Gas BDT 136 million and IFAD Autos BDT 129 million.
CHITTAGONG STOCK EXCHANGE:
The port city bourse – the Chittagong Stock Exchange – (CSE) also failed to stay positive trend after two hours of trading as its Selective Category Index – CSCX – losing 13.67 points to stand at 9,354.35 points, also at 12:30pm.
Of the issues traded till then, 92 gained, 106 declined and 28 issues remained unchanged with BDT 343 million in turnover.