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Stocks end almost flat after bumpy ride on Wednesday

FE Online Report | Published: March 06, 2019 17:21:20 | Updated: March 09, 2019 10:13:02


Stocks finished almost flat Wednesday after see-saw movement throughout the session as investors booked some profits with cautious positioning.

Market analysts said the market finished flat as a section of investors bagged profit while some others were busy rebalancing portfolio ahead of earnings and dividend declarations.

The investors from both sides of the trading fence were active throughout the trading session, said a leading broker.

After witnessing volatility, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,686, losing 1.10 points or 0.01 per cent over the previous day.

The two other indices slipped into the red. The DS30 index, comprising blue chips, fell 2.77 points to finish at 1,993 and the DSE Shariah Index lost 0.51 point to close at 1,303.

Trading activities remained almost the same over the last session as the total turnover stood at Tk 5.68 billion, which was 1.21 per cent lower than the previous session’s turnover of Tk 5.75 billion.

A total number of 127,295 trades were executed in the day’s trading session with trading volume of 123.72 million shares and mutual fund units.

The market-cap of the DSE declined slightly to Tk 4,135 billion, from Tk 4,137 billion in the previous day.

The losers took a modest lead over the gainers as out of 346 traded issues, 180 declined, 115 advanced and 51 issues remained unchanged on the DSE trading floor.

Monno Ceramic Industries topped the DSE turnover chart with shares worth Tk 334 million changing hands, closely followed by Singer Bangladesh, United Power, Alif Industries and Bangladesh Submarine Cable Company.

However, the port city bourse, Chittagong Stock Exchange (CSE) finished marginally higher with its CSE All Share Price Index - CASPI - advancing 19 points to settle at 17,422 and the Selective Categories Index - CSCX - gaining 10 points to finish at 10,553.

Here too, the losers beat the gainers as 118 issues closed lower, 93 ended higher and 35 remained unchanged.

The port city bourse traded 6.60 million shares and mutual fund units worth more than Tk 195 million in turnover.

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