Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended almost flat on Wednesday, after passing a volatile trading session, as late hours sale pressure wiped out most of the early gains.
Brokers said most of the investors reshuffled their portfolios amid ongoing dividend declaration session of banks, non-bank financial institutions and multinational companies, sending the market in flat zone.
Maintaining the previous day’s upward trend, DSEX the prime index of the major bourse crossed the 5,700-mark within first 15 minutes of trading, gaining 22 points.
After 30 minutes of trading, the key index of the country’s major bourse stands at 5,690.94, advancing 9.68 points while the Selective Category Index of port city bourse rose 21.60 points at 11:00am.
At 12:00 noon, the DSEX went up by 14.04 points while the Selective Category Index of port city bourse advanced 24.75 points when the report was filing.
However, it slowed down as the session progressed.
The Key Index of DSE went up by 3.05 points while the Selective Category Index of port city bourse advanced 11.71 points at the end of the session.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 5,684.31 points, advancing only 3.05 points or 0.05 per cent over the previous day.
The two other indices also edged higher.
The DSE30 index, comprising blue chips, advanced 7.68 points or 0.37 per cent to settle at 2051.33 points.
The DSE Shariah Index (DSES) also gained 0.15 points or 0.01 per cent to close at 1,309.81 points.
Turnover, the important indicator of the market, stood at BDT 9.72 billion, which was 0.72 per cent higher than the previous day’s value of BDT 9.65 billion.
Out of 328 issues traded, 126 closed higher, 167 lower and 35 remained unchanged on the DSE trading floor.
LankaBangla Finance dominated the turnover chart with shares worth nearly BDT 296 million changing hands, closely followed by Beximco, National Bank, Ratanpur Steel and Mercantile Bank.
Aramit Cement was the day’s best performer, posting a gain of 5.98 per cent, while Social Islami Bank was the worst loser, plunging by 8.36 per cent.
The port city bourse Chittagong Stock Exchange (CSE) closed slightly higher with its Selective Categories Index- CSCX – advancing 11.71 points to finish at 10,687 points.
Losers beat gainers 116 to 99, with 39 issues remaining unchanged on the port city bourse that traded 22.37 million shares and mutual fund units with a value of BDT 576 million.