Stocks ended almost flat on Thursday, after the previous day’s modest correction, as investors mostly followed cautious stance ahead of corporate declarations.
The market index moved between positive and negative before closing marginally higher.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 8.75 points or 0.12 per cent to settle at 7,250, after losing 16.72 points in the previous day.
The DS30 index, comprising blue chips, also saw a fractional gain of 0.36 points to close at 2,673. However, the DSE Shariah Index fell by 1.46 points to finish at 1,581.
Turnover, another important indicator of the market, dropped below Tk 20 billion-mark once again and amounted to Tk 18.52 billion, which was 14 per cent lower than the previous day’s tally of Tk 21.50 billion.
Market analysts said that many investors remained in a profit booking mood while bargain hunters took positions on lucrative stocks, taking the market almost flat territory.
Losers, however, took a modest lead over the gainers, as out of 375 issues traded, 185 declined, 145 advanced and 45 remained unchanged on the DSE trading floor.
Beximco topped the turnover list with shares worth Tk 969 million changing hands, closely followed by Orion Pharma, Beximco Pharma, Delta Life Insurance, and SS Steels.
However, the Chittagong Stock Exchange (CSE), edged lower with the CSE All Share Price Index – CASPI –losing 11 points to settle at 21,146 and the Selective Categories Index – CSCX shedding 6.60 points to close at 12,687.
Of the issues traded, 174 declined, 115 advanced and 26 remained unchanged on the CSE trading floor.
The port city’s bourse traded 18.02 million shares and mutual fund units with a turnover value of Tk 508 million.