Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended flat on Sunday after volatile trading as investors were active both sides of trading fence throughout the session.
Analysts said some investors preferred to book profit on stocks that saw substantial gain in recent upsurge while some took position on sector-wise issues, taking the market in the flat zone.
Following the previous week’s downturn, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive note with low trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 26 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 50 points at 10:45am.
After 30 minutes of trading, the DSEX went up by more than 18 points while the CSE All Share Price Index (CASPI) of port city’s bourse advanced 48 points at 11:00am.
After 90 minutes of trading, DSEX fell more than 10 points while the CSE All Shares Price Index lost 34 points at 12noon.
At the final, the DSEX, the prime index of Dhaka Stock Exchange (DSE), settled at 5,721while the port city bourse CSE also edged up with the CSE All Share Price Index – CASPI – to settle at 17,660.
DHAKA STOCK EXCHANGE:
After witnessing see-saw movement throughout the session, DSEX, the prime index of Dhaka Stock Exchange (DSE), settled at 5,721, edging up by 1.10 points or 0.02 percent over the previous day.
The two other indices also closed almost flat.
The DS30 index, comprising blue chips advanced 2.69 points or 0.12 percent to finish at 2,118.
The DSE Shariah Index (DSES) saw a fractional gain of 0.88 percent to close at 1,349.
Trading activities remained low as total turnover on the DSE amounted to BDT 2.75 billion, which was 16.64 percent lower than the previous day’s turnover of BDT 3.38 billion.
The losers took a modest lead over the gainers as out of 331 issues traded, 172 closed lower, 122 closed higher and 37 remained unchanged on the DSE floor.
Monno Ceramic Industries topped the turnover chart with shares of BDT 95 million changing hands, closely followed by Mercantile Bank, Wata Chemicals, IFAD Autos and Queen South Textile.
The newly listed Queen South Textile was the day’s highest gainer, posting 10 percent rise, while Savar Refractories was the worst loser, losing by 4.93 percent.
CHITTAGONG STOCK EXCHANGE:
Port city bourse CSE also edged up with the CSE All Share Price Index – CASPI – advancing 4.92 points to settle at 17,660 and selective Categories Index – CSCX – gaining 2.18 points to finish at 10,663 points.
The losers and gainers were equal as 96 issues closed higher and same number of issues ended lower while 31 remained unchanged on the CSE.
The port city bourse traded 7.25 million shares and mutual fund units worth more than BDT 207 million in turnover.