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

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks closed almost flat in the red on Thursday with trading activities hit a five-month low as investors were reluctant to take fresh exposure in the market.
Turnover fell 17 per cent to BDT 5.95 billion, compared to the previous day, which was also the lowest turnover nearly five months since November 20, last year.
The market started with a positive note and the key index of the premier bourse rose about 22 points within first 30 minutes of trading, but could not sustained momentum as the session progressed, finally closed almost flat.
The key index of DSE lost 051 points while the Selective Category Index of port city bourse went down 14.75 points at the closing.
DSEX, the prime index of the DSE, finished at 5,645.86 points, losing 0.51 point over the previous session.
The two other indices also closed lower.
The DS30, comprising blue chips, fell 6.26 points or 0.29 per cent to close at 2,087.34 points.
The DSE Shariah Index (DSES) lost 3.66 points or 0.28 per cent to settle at 1294.88 points.
The losers took a strong lead over the gainers as out of 324 issues traded, 157 closed lower, 121 closed higher and 46 remained unchanged on the DSE trading floor.
LankaBangla Finance dominated the DSE turnover chart for the fourth day in a row with about 3.41 million shares worth Tk 214 million changing hands, closely followed by Paramount Textile, Tung Hai Knitting and Dyeing, IDLC Finance and Doreen Power.
Regent Textile was the day’s highest gainer, posting 8.60 per cent gain, while Phoenix Insurance Company was the worst loser, shedding 6.98 per cent.
The port city bourse, the Chittagong Stock Exchange (CSE), also closed lower with its Selective Categories Index – CSCX – losing 14.75 points to settle at 10,594 points.
Gainers beat losers as 106 issues closed higher, 94 closed lower and 36 remained unchanged on the CSE.
The port city bourse traded 19.52 million shares and mutual fund units’ worth over BDT 478 million in turnover.