BBN file photo
Dhaka, Bangladesh (BBN) - Bangladesh’s stocks ended almost flat on Thursday after volatile trading as investors were mostly followed cautious stance.
Analysts said some investors closely eyeing on the political situation as election nears while some were busy with rebalancing their portfolio, taking the market in the flat territory.
Following the previous day’s marginal correction, the Dhaka Stock Exchange (DSE) saw negative trend while the Chittagong Stock Exchange (CSE) witnessed marginally higher with low trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse fell 2.35 points while the CSE All Share Price Index (CASPI) of port city’s bourse advanced 7.0 points at 10:45am.
After 30 minutes of trading, the DSEX fell 0.32 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 11 points at 11:00am.
After 90 minutes of trading, DSEX fell more than 7.0 points while the CSE All Shares Price Index advanced 6.0 points at 12noon.
After witnessing volatility rest of the session, DSEX, the prime index of the Dhaka Stock Exchange, dropped 0.95 point while the port city bourse CSE also closed slightly lower with its CSE All Share Price Index – CASPI – losing 19 points.
DHAKA STOCK EXCHANGE
The DSEX, the prime index of the DSE, settled at 5,244, shedding 0.95 point or 0.02 percent over the previous day.
The DS30 index, comprising blue chips, also fell 4.16 points to finish at 1,856.
However, the DSE Shariah Index advanced 1.31 points to close at 1,208.
Turnover, another important indicator of the market, fell to BDT 5.56 billion, which was 12 percent lower than the previous day’s BDT 6.31 billion.
A total number of 129,799 trades were executed in the day’s trading session with trading volume of 130.75 million securities.
The market capitalisation of the DSE stood at BDT 3,813 billion on Thursday which was BDT 3,814 billion in the previous day.
The losers took a modest lead over the gainers as out of 311 issues traded, 141 advanced, 127 declined and 43 issues remained unchanged on the DSE trading floor.
Khulna Power Company topped the DSE turnover chart with 4.70 million shares worth BDT 402 million changing hands.
The other turnover leaders were United Power, SK Trims Industries, Intech and Saiham Cotton Mills.
Khulna Power was also the day’s best performer, posting a gain of 9.97 percent while Samata Leather Complex was the worst loser, losing 9.92 percent.
CHITTAGONG STOCK EXCHANGE
The port city bourse CSE also ended slightly lower with its CSE All Share Price Index – CASPI – losing 19 points to settle at 16,055 and the Selective Categories Index – CSCX – shedding 10 points to finish at 9,729.
The losers beat gainers as 103 issues closed lower, 95 ended higher and 29 remained unchanged on the CSE.
The port city bourse traded 8.27 million shares and mutual fund units worth more than BDT 227 million in turnover.
BBN/SS/ANS