Stocks end flat amid choppy trading

FE Online Report | Published: August 12, 2018 16:39:23 | Updated: August 13, 2018 12:18:11


Stocks finished almost flat on Sunday after choppy trading as investors were active both sides of trading fence ahead of Eid-ul-Azha.

Analysts said the some investors sold shares while some were active on sector-wise stocks, taking the market in the flat zone.

After witnessing volatility almost throughout the trading session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), saw a fractional gain of 0.18 point to settle at 5,407.

However, two other indices ended lower. The DS30 index, comprising blue chips, fell 0.63 points to finish at 1,892 points and the DSE Shariah Index lost 9.88 points to close at 1,235.

Turnover, an important indicator of the market, crossed Tk 8.0 billion-mark and the total turnover stood at Tk 8.18 billion, which was 16 per cent higher than the previous day’s Tk 7.03 billion.

Of the 337 issues traded on the DSE trading floor, 209 declined, 95 advanced and 33 issues remained unchanged on the DSE trading floor.

A total number of 160,661 trades were executed in the day’s trading session with trading volume of 250.88 million securities.

The market capitalisation of the DSE stood at Tk 3,825 billion on the day which was Tk 3,848 billion in the previous session.

BBS Cables dominated the turnover chart with 3.08 million shares worth Tk 367 million changing hands, followed by Saiham Textile, Shepherd Industries, IFAD Autos and Simtex Industries.

Shepherd Industries was the day’s best performer, posting a gain of 9.77 per cent while Savar Refractories was the worst performer, losing 9.87 per cent.

The port city bourse CSE closed slightly lower with its CSE All Share Price Index – CASPI –losing 5.83 points to settle at 16,624 and the Selective Categories Index - CSCX – shedding 2.76 points to finish at 10,065.

The losers beat gainers 143 issues closed lower, 86 ended higher, with 18 issues remained unchanged on the CSE.

The port city bourse traded 13.81 million shares and mutual fund units worth more than Tk 465 million in turnover.

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