Stocks end nearly flat amid technical glitch

Stocks ended almost flat on Thursday amid choppy trading as investors continued to suffer due to slow load of the Dhaka Stock Exchange (DSE) new website.

DSEX, the key index of the DSE, went up by 3.39 points or 0.07 per cent to settle at 4,794.

Investors and stockbrokers alleged that they were unable to access information on time for the last couple of days as the website of the DSE was very slow to load.

An executive of a brokerage house said they have been facing troubles in executing and modifying trading orders on the system for the last couple of days when the turnover of the market is soaring.

Many investors companied that they not see the share prices on time due to the problem of the website. But every second is very important in stock trading.

The DSE informed that due to maintenance and upgradation of the website of DSE, the view of the website is temporarily interrupted, we are sorry for the inconvenience.

The bourses also extended the trading time by 15 minutes for Thursday to close the trading at 2:45pm instead of 2:30pm due to the slow website of the DSE.

Two other indices also edged higher. The DS30 index, comprising blue chips, advanced 2.61 points to finish at 1,647 and the DSE Shariah Index gained 5.93 points to close at 1,100.

Turnover, the crucial indicator of the market, fell below Tk 10 billion-mark after eight consecutive sessions and amounted to Tk 9.36 billion on the country’s premier bourse, which was 18 per cent lower than the previous day’s mark of Tk 11.49 billion.

Losers outnumbered the gainers, as out of 355 issues traded, 186 closed lower and 125 ended higher while 44 issues remained unchanged on the DSE floor.

A total number of 184,178 trades were executed in the day’s trading session with a trading volume of 357.08 million shares and mutual fund units.

The market-cap on the premier bourse rose to Tk 3,597 billion on Thursday, from Tk 3,592 billion in the previous session.

Beximco topped the turnover chart with shares worth Tk 744 million changing hands, closely followed by Beximco Pharma, IFIC Bank, Orion Pharma and LafargeHolcim.

Fu-Wang Food was the day’s best performer, posting a gain of 10 per cent while SEML FBSL Growth Fund was the worst loser, losing 9.32 per cent.

The Chittagong Stock Exchange edged down with its All Shares Price Index (CASPI)—losing 14 points to close at 13,712 and the Selective Categories Index - CSCX –shedding 6.63 points to finish at 8,277.

Of the issues traded, 100 gained, 129 declined and 35 remained unchanged on the CSE.

The port city bourse traded 14.15 million shares and mutual fund units with turnover value of Tk 279 million.

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