Dhaka, Bangladesh (BBN)-Bangladesh’s stocks ended flat in green last week that ended on Thursday, after remaining down in the previous week, as investors continued their cautious trading behaviour.
The week witnessed five trading sessions as usual. Of them, first two sessions closed lower while last three saw marginal gain.
Week-on-week, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 31.29 points or 0.65 per cent to end the week at 4,840.16 points.
However, the two other indices edged slightly lower. The DS30 index, comprising blue chips, lost 8.45 points or 0.45 per cent to settle at 1,850.95.
The DSE Shariah Index shed 0.07 points or 0.01 percent to finish at 1,191.
The port city bourse Chittagong Stock Exchange (CSE) also edged higher with its Selective Categories Index - CSCX – gained 27.36 points or 0.30 percent to close the week at 9,027.44.
The total turnover on the main bourse remained low and amounted to BDT 28.20 billion against BDT 31 billion in the week before as investors remained followed cautious stance.
The daily turnover for the week averaged BDT 5.64 billion, registering a decline of 9.04 per cent over the previous week’s averaged BDT 6.20 billion.
IDLC Investments, a merchant bank, said, the market observed powerful actions from both buyers and sellers trying to take lead of the market.
On a net basis, buyers took the baton.
LankaBangla Securities, a stockbroker, said, “Market closed the week in green zone with mild gain as investors continued their cautious trading behavior”.
The large-cap sectors showed mixed performance. NBFIs went up by a significant 5.18 per cent.
Banks advanced 3.19 percent followed by pharmaceuticals 0.79 per cent.
Losers outpaced gainers as out of 324 issues traded, 171 declined, 133 declined and 20 remained unchanged on the DSE floor during the week.
Square Pharma was the week’s top turnover leader with shares worth BDT 1.21 billion changing hands followed by Islami Bank, Shahjibazar Power, RSRM Steels and Lafarge Surma Cement.
Apex Foods was the week’s best performer, posting a rise of 28.84 percent while EBL NRB Mutual Fund was the week’s worst loser, plunging by 12.50 per cent.
BBN/BB/SK