Stocks end flat; DSE turnover hits two-month high

FE Online Report | Published: November 19, 2018 15:27:48 | Updated: November 20, 2018 15:12:11

Stocks ended almost flat on Monday after volatile trading as investors were active both sides of trading fence while the turnover hit more than two-month high.

Market operators said a section of investors showed their buying appetite on sectors specific issues while some were busy with rebalancing their portfolios based on quarterly earnings results, taking the market in the flat territory.

The market opened on positive note and core index of the prime bourse rose about 25 points within first 12 minutes of trading. But the rest of the session wiped almost all the initial gains.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,257, advancing 1.04 points or 0.02 per cent over the previous day.

The DS30 index, comprising blue chips, saw a fractional gain of 0.03 point to close at 1853. The DSE Shariah Index also advanced 2.01 points to finish at 1,214.

Turnover, another important indicator of the market, crossed Tk 8.0 billion-mark and amounted to Tk 8.03 billion, which was 44 per cent higher than the previous day’s turnover of Tk 5.56 billion.

A total number of 163,186 trades were executed in the day’s trading session with trading volume of 176.16 million securities.

The market capitalisation of the DSE stood at Tk 3,816 billion on the day which was Tk 3,820 billion in the previous day.

The losers took a modest lead over the gainers as out of 335 issues traded, 157 advanced, 126 declined and 52 issues remained unchanged on the DSE trading floor.

Saiham Textile topped the DSE turnover chart with 9.31 million shares worth Tk 537 million changing hands.

The other turnover leaders were Intech, United Power, Kattali Textile and Saiham Cotton Mills.

IT Consultants was also the day’s best performer, posting a gain of 9.97 per cent while BBS Cables was the worst loser, losing 10 per cent following its price adjustment after record date.

The port city bourse CSE edged higher with its CSE All Share Price Index – CASPI –advancing 12 points to settle at 16,141 and the Selective Categories Index - CSCX –gaining 10 points to finish at 9,784.

The losers, however, beat gainers as 118 issues closed lower, 96 ended higher and 27 remained unchanged on the CSE.

The port city bourse traded 10.12 million shares and mutual fund units worth more than Tk 320 million in turnover.

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