Dhaka, Bangladesh (BBN) – Bangladesh’s stocks closed almost in flat green zone on Wednesday amid choppy trading as investors remained active with short-term profit taking mood.
Both the Dhaka Stock Exchange (DSE), the prime bourse of Bangladesh, and Chittagong Stock Exchange (CSE), the port city bourse of the country, opened with a positive note and sustained till end of the session amid modest volatility.
“Investors continued to look for short-term profit making opportunities amid mini caps and micro caps while large caps faced selling pressure,” said IDLC Investments, in its regular market analysis.
The key index of DSE gained 3.41 points and the Selective Category Index of port city bourse CSE earned 14.57 points at the closing.
DHAKA STOCK EXCHANGE:
The benchmark index of the Dhaka Stock Exchange (DSE) settled at 4,573.42 points, after advancing 3.41 points or 0.07 per cent.
The DS30 index, comprising blue chips, gained 1.05 points or 0.06 per cent to end at 1,749.36 points.
The DSE Shariah Index (DSES) rose 1.83 points or 0.16 per cent to finish at 1,113.86 points.
Meanwhile, market participation improved slightly with a total turnover of BDT 3.62 billion, which was 7.74 percent higher than the previous day’s BDT 3.36 billion.
Pharmaceuticals sector retrieved its position of turnover leader, grabbing 18.4 per cent of total traded value on the DSE.
The gainers took a modest lead over the losers as out of 326 traded issues, 157 closed higher, 131 lower and 38 remained unchanged on the DSE trading floor.
Beximco Pharma dominated the turnover chart with shares of BDT 259.4 million changing hands followed by square Pharma, Alltex Industries, IT Consultants and IFAD Autos.
Prime Life Insurance was the day’s best performer, posting a rise of 9.36 percent while Aziz Pipes was the worst loser, plunging 6.48 percent.
Among the major sectors, miscellaneous witnessed the highest return of 2.7 per cent riding on Berger Paints as it gained 4.5 per cent alone.
Food and allied was the top loser of 1.7 percent as BATBC disappointed the participants with losing 2.4 per cent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also closed in green territory with its Selective Categories Index- CSCX- advancing 14.57 points to end at 8,569.98 points.
Gainers beat losers 127 to 84, with 36 issues remaining unchanged on the port city bourse that traded 8.39 million shares and mutual fund units with a value of BDT 230 million.
BBN/SS/AD