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DSE, CSE end flat in green after bumpy ride

FE Online Report | Published: October 30, 2017 15:41:04 | Updated: November 01, 2017 12:01:02


Stocks ended flat in green zone on Monday after volatile trading as investors were active on both sides of trading fence amid ongoing earnings and dividend declaration session.

Dealers said the optimistic investors showed their buying appetite on some large-cap shares while cautious investors sold shares sector-wise issues, taking the market in the flat zone.

After witnessing volatile trading throughout the session, DSEX, the core index of the Dhaka Stock Exchange (DSE), settled at 5,996 points, after advancing 0.83 points or 0.01 per cent over the previous session.

The two other indices also edged higher. The DS30 index, comprising of blue chips advanced 6.16 points or 0.28 per cent to finish at 2,163.

The DSE Shariah Index (DSES) advanced 4.57 points or 0.35 per cent to close at 1,310.

The trading activities remained low as total turnover on DSE amounting to Tk 5.10 billion, which was 20 per cent lower than the previous day’s Tk 6.41 billion.

A total number of 0.109 million trades were executed in the day’s trading session with trading volume of 146.70 million securities.

The total market capitalisation of the DSE stood at Tk 4,076 billion, remaining unchanged over the previous day.

The losers took a modest lead over the gainers as out of 331 issues traded, 152 closed lower, 140 closed higher and 39 remained unchanged on the DSE floor.

City Bank emerged as turnover leader with around 3.84 million shares of Tk 188 million, closely followed by Shahjalal Bank, LankaBangla Finance, UCB and BBS Cables.

Salvo Chemicals was the day’s highest gainer, posting a 10.10 per cent rise, while Hakkani Pulp & Paper was the worst loser, plunging by 9.90 per cent for the second running session following its no dividend declaration.

The port city bourse, Chittagong Stock Exchange (CSE), also edged higher with its Selective Categories Index - CSCX – advancing by 10.72 points to settle at 11,228.

Losers beat gainers as 113 issues closed lower, 107 closed higher and 26 remained unchanged on the CSE.

The port city bourse traded 10.79 million shares and mutual fund units’ worth Tk 291 million in turnover.

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