Dhaka, Bangladesh (BBN)-Bangladesh’s stocks ended flat on Tuesday amid high volatility as investors reshuffled their portfolio ahead of budget announcement for the fiscal year 2016-2017.
Both the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) moved between green and red several times throughout the session.
The prime index of DSE saw a fractional gained of 0.92 points, while the port city bourse, selective category index of CSE earned 4.22 points at the closing.
DSEX, the Prime Index of the Dhaka Stock Exchange (DSEX), saw a fractional gain of 0.92 point or 0.21 per cent to finish at 4,330.32 points.
The DS30 index, comprising blue chips, advanced 1.99 points or 0.12 percent to finish at 1,681.08 points.
The DSE Shariah Index (DSES) gained 2.21 points or 0.21 per cent to close at 1,066.20 points.
Turnover came down to BDT 4.30 billion on DSE, which was 13 per cent lower than the previous day’s two month’s highest turnover of BDT 4.94 billion.
The gainers took a modest lead over the losers as out of 321 issues traded, 139 closed higher, 131 lower and 51 remained unchanged on the DSE trading floor.
MJL Bangladesh dominated the turnover chart with shares worth BDT 222 million changing hands, followed by United Power, Linde BD, BSRM Steels and BSRM.
Gemeni Sea Food was the day’s best performer, posting a gain of 7.49 per cent, while Jamuna Bank was the worst loser, plunging 6.45 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also edged higher with its Selective Categories Index, CSCX, advancing 4.22 points to 8,093.69 points.
Gainers beat losers as 112 issues closed higher, 99 closed lower and 28 remained unchanged on the CSE.
The port city bourse traded 7.01 million shares and mutual fund units worth BDT 194 million in turnover.