Dhaka, Bangladesh (BBN) – Bangladesh’s stocks finished almost flat in green zone on Monday, after volatile trading throughout the session as investors were active on both sides of trading fence.
Brokers said investors spurred buying pressure on stocks from Bank, IT Sector and general insurance sectors, taking the market in flat zone.
The market opened higher and DSEX, the prime index of the Dhaka bourse, rose more than 40 points within first 15 minutes of trading, but rest of the session fell steadily, finally ended almost flat.
At end of the session, DSEX, the core index of the Dhaka Stock Exchange (DSE) settled at 6,092 points, after advancing 0.11 point over the previous day.
However, the two other indices fell marginally.
The DS30 index, comprising blue chips fell 0.79 points or 0.03 percent to finish at 2177 points.
The DSE Shariah Index (DSES) lost sharply by 10.88 points or 0.80 percent to close at 1335 points.
Turnover, the important indicator of the market, stood at BDT 9.25 billion on the DSE, which was 48 percent higher than the previous day’s turnover of BDT 6.24 billion, riding on newly debutant Aamra Networks.
A total number of 0.150 million trades were executed in the day’s trading session with trading volume of 314.19 million securities.
The total market capitalisation of the DSE stood at BDT 4,059 billion which was BDT 4,072 billion in the previous trading session.
Of the 326 issues traded, 73 closed higher, 227 closed lower and 26 remained unchanged on the DSE trading floor.
The newly listed Aamra Networks topped the turnover chart with about 5.69 million shares of BDT 704 million changing hands, closely followed by Exim Bank BDT 541 million, Islami Bank BDT 531 million, Premier Bank BDT 440 million and Dhaka bank BDT 282 million.
Dhaka Bank was the day’s highest gainer, posting a 9.17 percent rise, while Northern Jute Manufacturing Company was the worst loser, losing by 24 percent following its price adjustment after record date.
The port city bourse, the Chittagong Stock Exchange (CSE), also closed almost flat in green with its Selective Categories Index – CSCX – advancing 17 points to settle at 11,429 points.
Losers beat gainers as 160 issues closed lower, 54 closed higher and 42 remained unchanged on the CSE.
The port city bourse traded 19.42 million shares and mutual fund units’ worth BDT 568 million in turnover.