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Stocks close flat on banking shares’ vibe

WT24 Desk

Turnover at the country’s premier bourse, Dhaka Stock Exchange (DSE), again crossed Tk 900 crore mark while Chittagong Stock Exchange (CSE) indices gained marginally on Wednesday.

DSEX increased 2.15 points to close at 4873.96 when the  blue- chip DS30 and the Shariah DSES were down 15.0 and 5.01  points to finish at 1889.75 and 1202.90 respectiv ely.  “Market came under pressure on profit booking in morning  trade in continuation of selling pressure seen in closing period  of previous trading. Price of construction material, pharma and  telecom stocks skidded today when financial stocks supported the  market to close with slight rebound,” said Lanka Bangla  Securities Limited.

The trade value, however, fell by 2.79 percent to Taka   902.37 crore and the volume by 10.96 percent to 23.60 crore  shares as investors became more cautious in changing their
portfolio.  The cautious stand also made more issues losing across the  board when gains to the advancing securities were moderate.

Shares worth Tk 902.37 crore changed hands at the DSE on Wednesday as against Tk 928.27 crore on Tuesday. The day’s top 10 gainers at the DSE were Anwar Galvanizing, Rangpur Foundry, IFIC Bank, Al-Haj Textile, Renwick Jajneswar, LR Global Bangladesh Mutual Fund One, IBN Sina, AMCL (Pran), Usmania Glass, and Beach Hatchery. The top five turnover leaders at the DSE were United Power Generation & Distribution, Islami Bank, Square Pharmaceuticals, Lafarge Surma Cement, and ACI.

Top five losers of the day were Daffodil Computers, United Airways, Shasha Denims, Phoenix Finance 1st Mutual Fund and Navana CNG. The CSE key index, CASPI gained 22.86 points to reach 14949.78 at close on Wednesday. Of the 263 issues traded, 98 advanced, 134 suffered loss and 31 remained unchanged. The value of the traded issues at the CSE was Tk 76.90 crore on the day.

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