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Bangladesh’s stock markets witnessed a day of fluctuating trading on the second working day of the week on Sunday, with early gains in indices giving way to declines later in the morning.
Trading on the Dhaka Stock Exchange (DSE) began with a rise in indices, but after the first hour, the benchmark started to slide.
Despite an initial surge in prices for most listed companies, the sudden drop in the index led to a volatile session for both the Dhaka and Chattogram bourses.
During the first half of trading, the DSE's key index fell by 9 points. Among the other indices, the Shariah-based DSES also moved downward.
The blue-chip DS30 index, which tracks select large-cap stocks, dropped by 3 points, reports UNB.
Out of the 160 companies that participated in the morning trade on the DSE, share prices rose for 160, declined for 157, and remained unchanged for 78.
Turnover at the DSE crossed Tk 1.6 billion during the first half of the session.
Meanwhile, the Chattogram Stock Exchange (CSE) experienced a sharp downturn after an initial rally. Within the first two hours, the overall index at the CSE dropped by 82 points.
Of the 177 companies that traded on the CSE, prices increased for 71, declined for 78, and stayed unchanged for 28.
The CSE recorded a turnover of over Tk 40 million in shares and units during the first half of trading.
The markets are currently navigating uncertainty as investors respond to short-term fluctuations and sentiment-driven movements.