Retail investors are in despair as DSE witnesses volatility. BBN file photo
Dhaka, Bangladesh (BBN) – Bangladesh stocks closed flat amid choppy trade on Tuesday, as investor sentiment remained weak.
The market witnessed volatility throughout the day, as intra-day volatility point was 30 points.
The volume of trade increased, but still remained very low, as investors were cautious about betting funds on stocks.
The benchmark index of Dhaka Stock Exchange DSEX jumped up in the morning gaining 20 points, but failed to retain the gains and went into the negative territory in midday.
However, the final minute modest buying helped recover the DSEX all the losing points.
At the end of the day, DSEX rose slightly 4.7 points to 5,454.
The DS30 index, comprising blue chips, was up nearly 2 points to 2,026. However, the DSE Shariah Index DSES shed over 1 point to 1,260.
On the other hand, the Chittagong Stock Exchange Selective Category Index CSCX gained 20 points to 10,241.
On the DSE, the volume of trade in value stood at just over Tk4 billion, which is marginally higher over the previous session value.
Gainers outpaced losers marginally as out of total 329 issues traded on the DSE, 132 closed negative, 141 positive and 56 remained unchanged.
Large cap sectors showed mixed performance with banks leading the way gaining highest 0.4%, followed by food & allied (0.31%), and telecommunications (0.13%).
Almost all other sectors, including NBFIs, pharmaceuticals and engineering, stood flat.
Power was the largest losing sector with a drop of 0.5%. Paramount Textiles Limited (+4.8%) was the highest traded share with a turnover worth BDT 264.8 million.
A leading broker say the main reason for the decline was weak purchasing, as investors worried about the present market situation and have their minds on the upcoming Eid holidays.
BBN/KS/AD
