Dhaka, Bangladesh (BBN) – Bangladesh’s stocks closed almost flat in green zone the last session of the week on Thursday, as some investors booked quick-profit on stocks that saw significant gains in the last few sessions.
The market started with an upward note, and mid-session saw some sale pressure, but last hour bouncy helped the key index closed almost flat in green territory.
At the end of the session, DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), settled at 4,577.57, advancing 1.60 points or 0.03 percent over the previous day.
The DS30 index, comprising blue chips, also advanced 1.48 points or 0.08 percent to finish at 1,795.20 points.
However, the DSE Shariah Index (DSES) saw a fractional loss of 0.44 point or 0.04 percent to close at 1,123.03 points.
Turnover, the important indicator of the market, also fell slightly and the total turnover amounted to BDT 4.43 billion, which was 2.0 percent lower than the previous day’s value of BDT 4.52 billion.
The losers took a modest lead over the gainers as out of 325 issues traded, 168 closed lower, 109 closed higher and 48 remained unchanged on the DSE trading floor.
The state-run Titas Gas Transmission and Distribution Company dominated the turnover chart for the second day in a row with shares worth BDT 298 million changing hands, followed by Bangladesh Submarine Cable Company, Singer Bangladesh, Lafarge Surma Cement and Premier cement.
Usmania Glass was the day’s best performer, posting a gain of 9.95 percent, while Peoples Leasing and Financial Services was the worst loser, slumping by 16.05 percent following its no dividend declaration news.
The port city bourse Chittagong Stock Exchange (CSE) also finished slightly higher for the fourth day with its Selective Categories Index- CSCX – advancing 6.64 points to finish at 8,565.26 points.
Losers beat gainers 114 to 102, with 33 issues remaining unchanged on the port city bourse that traded 9.07 million shares and mutual fund units with a value of BDT 269 million.
BBN/SSR/BB