Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended in flat green zone on Wednesday, with improving turnover value, as investors were active both sides of trading fence.
Analysts said the a section of investors continued on profit taking mood, while some investors were active on sector specific stocks, sending the market in a flat green zone.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,569.28 points, gaining 1.60 points of 0.04 percent over the previous day.
The two other indices also managed to close green. The DS30 index, comprising blue chips, saw a fractional gain of 0.87 points or 0.05 percent to settle at 1,783.91 points.
The DSE Shariah Index (DSES) advanced 4.10 points or 0.37 percent to close at 1,123.03 points.
Turnover, the important indicator of the market, improved to BDT 4.82 billion which was 6.17 percent higher than the previous day’s value of BDT 4.54 billion.
The gainers took a modest lead over the losers as out of 325 issues traded, 138 closed higher, 131 lower and 56 remained unchanged on the DSE trading floor.
MJL Bangladesh dominated the turnover chart with 1.42 million shares worth above BDT 158 million changing hands, followed by Lafarge Surma Cement, IBN Sina, BSRM Steels and Delta Brac Housing Finance Corporation.
Pharma Aid was the day’s best performer, posting a gain of 8.73 percent, while Jute Spinners was the worst loser, plunging by 6.23 percent.
The port city bourse Chittagong Stock Exchange (CSE), however, slipped into the red with its Selective Categories Index- CSCX – losing 3.01 points to finish at 8,558.53 points.
Losers beat gainers 111 to 101, with 42 issues remaining unchanged on the port city bourse that traded 6.62 million shares and mutual fund units with a value of BDT 228 million.
BBN/SSR/AD