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Bangladesh’s stocks fail to stay positive at midday Sunday

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Dhaka, Bangladesh (BBN)– Bangladesh’s stocks witnessed downward trend at midday on Sunday as investors are mostly on selling spree on sector-wise issues.

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

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 18 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 21 points at 10:45am.

After 30 minutes of trading, the DSEX gained more than 22 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 25 points at 11:00am.

After that it started to decline. After 90 minutes of trading, DSEX fell more than 24 points while the CSE All Shares Price Index lost 88 points at 12:00 noon when the report was filed.

DHAKA STOCK EXCHANGE
DSEX, the prime index of the DSE stands at 5,787 points, losing 24.48 points or 0.42 percent at 12:00 noon.

The DS30 index, comprising blue chips, fell 1.04 points to reach at 2025 points. However, the DSE Shariah Index (DSES) gained 0.50 points to stand at 1,323 points till then.

Turnover, the crucial indicator of the market, stands at BDT 4.76 billion when the report was filed at 12:00 noon.
United Power was the most traded stocks till then with shares worth BDT 332 million changing hands, closely followed by Monno Ceramic, Bangladesh Submarine Cable, Legacy Footwear and Genex Infosys.

Of the issues traded till then, 106 advanced, 203 declined and 37 issues remained unchanged on the DSE trading floor.

CHITTAGONG STOCK EXCHANGE
The port city’s bourse – the Chittagong Stock Exchange – (CSE), saw negative trend till then with CSE All Shares Price Index of port city’s bourse–losing 88 points to stand at 17,693 points, also at 12:00 noon.

The Selective Categories Index of the port city bourse also fell 52 points to reach at 10,706 points till then.

Of the issues traded till then, 66 gained, 138 declined and 29 issues remained unchanged with BDT 157 million in turnover.

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Article source: https://businessnews-bd.net/bangladeshs-stocks-fail-to-stay-positive-at-midday-sunday/

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