Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended almost flat on Tuesday after volatile trading as investors mostly followed cautious stance.
Analysts said the investors followed cautious approach ahead of Bangladesh Securities and Exchange Commission’s Silver Jubilee programme.
The securities regulator plans to organise a weeklong event to celebrate its silver jubilee scheduled to be started on Wednesday.
Prime Minister Sheikh Hasina will inaugurate the event at the Bangabandhu International Conference Centre on Wednesday, BSEC officials said.
The market opened on positive note and the key index of the major bourse gaining about 27 points at 12:50pm. But rest of the session went through correction, losing almost all the early gains.
DHAKA STOCK EXCHANGE
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 3.82 points or 0.06 percent to settle at 5,543, after losing two consecutive sessions.
However, two other indices also ended in the red. The DS30 index, comprising blue chips, fell 2.63 points to finish at 1,938 and the DSE Shariah Index saw a fractional loss of 0.56 point to close at 1,271.
Turnover, the most important indicator of the market, dipped below BDT 8.0 billion-mark to BDT 7.14 billion, which was 26 percent lower than the previous session’s BDT 9.65 billion.
Of the 335 issues traded, 152 declined, 131 advanced and 52 issues remained unchanged on the DSE trading floor.
A total number of 132,663 trades were executed in the day’s trading session with trading volume of 164.67 million securities.
The market capitalisation of the DSE stood at BDT 3,953 billion on the day which was BDT 3,951 billion in the previous session.
Khulna Power Company topped the turnover chart again with 5.78 million shares worth BDT 608 million changing hands.
The other turnover leaders were Active Fine Chemicals, BBS Cables, IFAD Autos and Confidence Cement.
National Life Insurance was the best performer for the second day in a row, posting a gain of 10 percent while IFIL Islamic Mutual Fund-1 was the worst loser, losing 10 percent.
CHITTAGONG STOCK EXCHANGE
However, the Chittagong Stock Exchange (CSE) edged lower with its CSE All Share Price Index – CASPI – losing 1.78 points to settle at 17,095 and the Selective Categories Index – CSCX – shedding 1.39 points to finish at 10,361.
The losers beat gainers as 128 issues closed lower, 82 ended higher and 30 issues remained unchanged on the CSE.
The port city’s bourse traded 9.92 million shares and mutual fund units worth BDT 448 million in turnover.