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The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) surrendered their early gains to close flat on Monday as investors went on late hours selling spree on sector-wise stocks.
Market insiders said the investors were active on both sides of trading fence, taking the market in the flat territory.
The market opened higher and the key index of the major bourse soaring 44 points within first hour of the trading session. But rest of the session went down steadily.
At the end of the session, DSEX, the prime index of the DSE, went up by 0.95 point or 0.01 per cent to settle at 5,369 points over the previous day.
The DSE Shariah Index also advanced 1.12 points to close at 1,240 points. However, the DS30 index, comprising blue chips, fell 1.37 points to close at 1,888 points.
Turnover, another important indicator of the market, rose to Tk 5.50 billion, which was 6.60 per cent higher than the previous day’s Tk 5.16 billion.
The gainers took a modest lead over the losers as out of 337 issues traded, 183 closed higher, 117 ended lower and 37 issues remained unchanged on the DSE trading floor.
A total number of 120,289 trades were executed in the day’s trading session with trading volume of 117.29 million securities.
The market capitalisation of the DSE stood at Tk 3,873 billion on the day which was Tk 3,876 billion in the previous session.
IFAD Autos dominated the turnover chart with 4.04 million shares worth Tk 537 million changing hands.
The other turnover leaders were United Power Generation & Distribution Company, Khulna Power Company, SK Trims Industries and BBS Cables.
CVO Petrochemicals Refinery was the best performer, posting a gain of 9.94 per cent while Republic Insurance was the worst loser, losing 8.13 per cent.
However, the CSE ended marginally higher with its CSE All Share Price Index–CASPI– advancing 62 points to settle at 16,545 and the Selective Categories Index—CSCX –gaining 36 points to finish at 10,020.
The gainers took a modest lead over the losers as 139 issues closed higher, 73 ended lower and 32 issues remained unchanged on the port city bourse.
The CSE traded 7.98 million shares and mutual fund units worth Tk 306 million in turnover.