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DSE, CSE end flat ahead of Eid holidays

FE Online Report | Published: August 07, 2019 15:29:47 | Updated: August 08, 2019 15:48:02


Stocks ended flat on Wednesday amid volatile trading as investors were active both sides of trading fence ahead of Eid festival.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,187, inching down by 0.9 point over the previous day.

Market analysts said some investors were active on sector specific shares while some were busy with rebalancing their portfolio based on earnings declarations, taking the market in almost flat zone.

Trading and official activities on the bourses will remain closed nine days from August 9 to August 17, including weekly holidays, on the occasion of Eid-ul-Azha, one of the biggest religious festivals of the Muslims.

The DSES (Shariah) index also fell 4.37 points to settle at 1,189. However, the DS30 index, comprising blue chips, advanced 4.37 points to finish at 1,836.

Turnover, another important indicator of the market, stood at Tk 4.63 billion, which was 21 per cent lower than the previous day’s turnover of Tk 5.68 billion.

A total number of 127,674 trades were executed in the day’s trading session with trading volume of 129.45 million shares and mutual fund units.

The market-cap of the DSE fell to Tk 3,852 billion on Wednesday, from Tk 3,866 billion in the previous session.

The losers took a strong lead over the gainers as out of 353 issues traded, 206 closed lower, 111 higher and 36 issues remained unchanged on the DSE trading floor.

JMI Syringes topped the turnover chart with shares worth Tk 257 million changing hands.

The other turnover leaders were Khulna Power, Monno Ceramic, Coppertech Industries and Bangladesh Shipping Corporation.

ICB AMCL Second Mutual Fund was the day’s best performer, posting a gain of 6.41 per cent while SEML FBLSL Growth Fund was the day’s worst loser, slumping by 20.14 per cent.

The port city bourse, the Chittagong Stock Exchange, also finished lower with the CSE All Share Price Index – CASPI – losing 21 points to settle at 15,852 while the Selective Categories Index – CSCX –shedding 12 points to finish at 9,633.

Here too, the losers beat the gainers as 154 issues ended lower, 72 closed higher and 25 remained unchanged.

The port city bourse traded 7.44 million shares and mutual fund units worth nearly Tk 229 million in turnover.

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