Retail investors are in despair as DSE witnesses volatility. BBN file photo
Dhaka, Bangladesh (BBN) - Bangladesh’s stocks finished nearly on flat note Tuesday after volatile trading as late hours selling pressure wiped out most of the early gains.
Following the previous day’s marginal gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive note.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 12 points while the CSE All Shares Price Index of port city bourse gained 4.12 points at 10:45am.
After first 30 minutes of trading, the key index of the country’s prime bourse rose nearly 19 points while the CSE All Shares Price Index of port city bourse advanced 21 points at 11:00am.
After 90 minutes of trading, DSEX rose more than 27 while the CSE All Shares Price Index gained 91 points at 12noon.
But rest of the session eroded most of the early gain and DSEX closed 4.04 points up while the CSE All Shares Price Index gained 21 points at closing.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the DSE, settled at 6,228, advancing 4.04 points or 0.06 percent over the previous session.
However, the two other indices closed in the red. The DS30 index, comprising blue chips fell 0.66 point or 0.02 percent to close at 2,244.
The DSE Shariah Index (DSES) also lost 3.16 points or 0.23 percent to finish at 1,370.
Turnover, the crucial indicator of the market, stood at BDT 4.66 billion, which was 2.42 percent higher than the previous day’s turnover of BDT 4.55 billion.
Losers took a strong lead over the gainers as out of 333 issues traded, 188 closed lower, 106 closed higher and 39 remained unchanged on the DSE trading floor.
Islami Bank topped the day’s turnover chart with 6.32 million shares of BDT 223 million changing hands, closely followed by National Tubes, Aamra Networks, National Bank and Brac Bank.
Rupali Life Insurance was the day’s best performer, posting a gain of 9.95 percent while Meghna Condensed Milk was the day’s worst loser, shedding 9.44 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse – the Chittagong Stock Exchange – (CSE) also edged higher with CSE All Shares Price Index of – advancing 21 points to finish at 19,292.
The Selective Categories Index of the port city bourse – CSCX – also gained 17 points to settle at 11,659.
Losers beat gainers as 135 issues closed lower, 69 closed higher and 37 remained unchanged on the CSE.
The port city bourse traded 10.52 million shares and mutual fund units worth BDT 307 million in turnover.
BBN/SS/AD