Dhaka, Bangladesh (BBN) – Bangladesh’s stocks finished flat on Wednesday with turnover falling further as investors were active on both sides of the trading fence.
Following the previous day’s correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw upward trend in early trading amid rising trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse gained more than 34 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 60 points at 10:45am.
After 30 minutes of trading, the DSEX advanced more than 38 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 48 points at 11:00am.
After 90 minutes of trading, DSEX advanced more than 38 points while the CSE All Shares Price Index gained 88 points at 12noon.
DHAKA STOCK EXCHANGE:
After witnessing see-saw movement throughout the session, DSEX, the prime index of Dhaka Stock Exchange (DSE), settled at 5,793, advancing 2.76 points or 0.04 percent.
The DS30 comprising the blue-chips, also gained 1.25 points or 0.05 percent to settle at 2,167.
However, the DSE Shariah Index (DSES) fell 2.37 points or 0.17 per cent to finish at 1,348.
Turnover, the another crucial indicator of the market, fell 1.62 percent to BDT 5.46 billion, against BDT 5.55 billion in the previous session.
The losers took a modest lead over the gainers as out of the 336 issues traded, 152 closed lower, 147 closed higher and 37 remained unchanged on the DSE trading floor.
BRAC Bank led the DSE turnover with about 4.88 million shares worth BDT 492 million changing hands, followed by IFAD Autos, Unique Hotel & Resorts, Beximco and Aamra Networks.
Rupali Life Insurance was the day’s highest gainer, posting a 9.97 percent rise while CAPM IBBL Islamic Mutual Fund was the worst loser, losing by 6.03 percent.
CHITTAGONG STOCK EXCHANGE:
However, port city bourse CSE ended in the red with the CSE All Share Price Index – CASPI – shedding 8.41 points to settle at 17,840 points and Selective Categories Index – CSCX – losing 3.84 points to finish at 10,784 points.
The losers beat the gainers as 122 issues closed lower, 85 ended higher and 27 issues remained unchanged.
The port city bourse traded 7.01 million shares and mutual fund units worth nearly BDT 182 million in turnover.