Retail investors are in despair as DSE witnesses volatility. BBN file photo

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks finished almost in flat zone on Tuesday amid volatile trading as investors were active on both sides of trading fence.
Dealers said the market closed almost flat as optimistic investors showed their buying appetite on sector-wise stocks in the early trading while cautious investors opted for booking profit in the late hours, taking the market in the flat territory.
“The market stayed positive amid shaky movement of the index prior to the “Monetary Policy Statement (MPS) declaration by the Bangladesh Bank,” said an analyst at a leading brokerage firm.
Bangladesh Bank (BB) is set to announce the MPS for the first half of the current Fiscal Year (FY) 2017-18 tomorrow (Wednesday).
The market started with a positive note and core index of the major bourse rose nearly 24 points within first hour of trading, but rest of the session fell steadily, finally ended only 3.78 points higher.
DSEX, the core index of the Dhaka Stock Exchange (DSE), went up by 3.78 points or 0.06 per cent to settle at 5,802 points.
However, two other indices slipped into the red. The DS30 index, comprising blue chips fell 1.10 points or 0.05 percent to finish at 2,124.
The DSE Shariah Index (DSES) also saw a fractional loss of 0.39 points or 0.03 percent to close at 1,312.
Turnover, the important indicator of the market, stood at BDT 6.56 billion on the DSE, which was nearly 4.0 percent higher than the previous day’s turnover of BDT 6.31 billion.
A total number of 0.098 million trades were executed in the day’s trading session with trading volume of 211.44 million securities.
The total market capitalisation of the DSE also rose to BDT 3,912 billion which was BDT 3,909 billion in the previous day.
Gainers took a marginal lead over the losers as 330 issues traded, 138 closed higher, 131 closed lower and 61 remained unchanged on the DSE trading floor.
City Bank topped the turnover chart with about 6.38 million shares of BDT 242 million changing hands, closely followed by IFAD Autos BDT 241 million, LankaBangla Finance BDT 208 million, Shahjibazar Power BDT 195 million, and Fu-Wang Food BDT 194 million.
Global Heavy Chemicals was the day’s highest gainer, posting a 4.26 percent rise, while Jute Spinners was the worst loser, losing by 6.37 percent following the news that the company’s operation remained closed for more than a year.

The port city bourse, the Chittagong Stock Exchange (CSE), also closed almost flat in green, with its Selective Categories Index – CSCX – advancing 8.73 points to settle at 10,873 points.
Gainers beat losers as 119 issues closed higher, 88 closed lower and 42 remained unchanged on the CSE.
The port city bourse traded 12.70 million shares and mutual fund units’ worth BDT 311 million in turnover.