Dhaka, Bangladesh (BBN)-Bangladesh’s stocks witnessed another flat session on Monday with turnover moving up slightly as investors remained cautious ahead of the national budget to be placed in the parliament on June 5.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), ended at 4,378.34 points, gaining only 0.09 points after witnessing volatility throughout the session.
The other two indices outperformed the benchmark index.
The DS30, comprising blue chips gained 2.03 points or 0.12 percent to close at 1,589.40 points.
The DSE Shariah Index (DSES) also advanced 4.24 points or 0.43 percent to close at 977.87 points.
Total turnover on DSE stood at BDT 2.36 billion, registering an increase of 29.67 percent over the previous session’s 7-month lowest turnover of BDT 1.82 billion.
“Remaining largely unchanged, investors’ sentiment turned more cautious, this session,” commented IDLC Investments, in its regular market analysis.
Since perfect confirmation of trend reversal lagged, skepticism prolonged further.
The overall situation kept bourse in flat region and DSEX beneath 4,400 points for third session, said the merchant bank.
“Market moved up marginally, supported by buying interest in large cap.
DSEX elevated a bit to its morning high of 4,393 along with the movement in large cap,” said LankaBangla Securities, a stock broker.
“Traders are looking forward for some positive signs, as the market lingers in such a position that it is difficult to predict for how long the market decides to remain drab,” observed Zenith Investments.
Out of 294 issues traded, 127 declined, 108 advanced and 59 closed unchanged on the DSE floor.
Familytex (BD) was the top turnover leader with shares worth BDT 130.33 million changing hands followed by Square Pharma, Lafarge Surma Cement, GP and BSRM Steels.
Salvo Chemicals was the day’s highest gainer; posting a rise of 5.33 percent while Rupali Life Insurance was the day’s worst losers, slumping by 9.67 percent.
The port city bourse — Chittagong Stock Exchange (CSE)– however, closed negative with its Selective Categories Index – CSCX — lost 20.97 points to close at 8,417.43 points.
Losers beat gainers 120 to 59, with 29 issues remaining unchanged at the port city bourse that traded 5.16 million shares and mutual fund units, turnover value of BDT 173.32 million.
BBN/BB/AS-26May14-3:40pm (BST)
