The Financial Express

Stocks witness another flat session amid choppy trading

| Updated: May 28, 2019 15:41:00

Stocks witness another flat session amid choppy trading

Stocks witnessed another flat session Monday amid choppy trading as investors mostly followed cautious stance ahead of Eid festival.

Market analysts said majority of the investors were reluctant to make fresh investment ahead of Eid festival and national budget, taking market in the flat zone.

After witnessing volatility throughout the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), witnessed a fractional gain of 0.21 points to settle at 5,253.

The DS30 index, comprising blue chips, also advanced 2.92 points to finish at 1,828. However, the DSE Shariah Index shed 1.08 points to close at 1,189.

Turnover, another important indicator of the market, stood at Tk 3.51 billion, which was 7.0 per cent higher than the previous day’s turnover of Tk 3.28 billion.

The losers took a modest lead over the gainers as out of 347 issues traded, 175 declined, 107 advanced and 65 issues remained unchanged on the DSE trading floor.

Square Pharmaceuticals topped the turnover chart with shares worth Tk 202 million changing hands.

The other turnover leaders were newly listed New Line Clothings, National Life Insurance, Eastern Cables and Uttara Bank.

National Life Insurance was the day’s best performer, posting a gain of 8.72 per cent while Prime Finance was the worst loser, losing 9.34 per cent.

The port city bourse, Chittagong Stock Exchange, also finished slightly higher with its CSE All Share Price Index – CASPI –advancing 18 points to settle at 16,017 and the Selective Categories Index - CSCX –gaining 13 points to finish at 9,695.

Here too, the losers beat gainers, as 105 issues closed lower, 84 ended higher and 45 remained unchanged on the CSE trading floor.

The port city bourse traded 7.22 million shares and mutual fund units worth Tk 157 million in turnover.

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