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Stocks close mixed on lackluster trade

 

WT24 Desk

Stocks closed mixed Wednesday as lackluster trade continued due to low level of buying appetite among investors, BSS reports. The market was on recovery trend in the first three sessions of the week, but started declining on Tuesday as sell pressure rose while demand was slack. The dull trend continued Wednesday when price indices experienced see-saw movements throughout the session before finishing flat in red.

The broader DSEX index of Dhaka Stock Exchange (DSE) finished the session only 2.37 points down at 4554.54 and the blue-chip DS30 lowered by 1.52 points to 1779.74. The Shariah DSES managed to finish in green at 1115.80. CSE also experienced the similar trend in the market, with its major CASPI index closing 12.06 points down at 13993.07.

The trade value at Dhaka Stock Exchange (DSE) was down by 13.66 percent to Taka 340.40 crore, with the volume declining by 17.34 percent to 9.08 crore shares. At CSE, some 19 lakh shares changed hands for Taka 70.41 crore. Among the major sectors, banks, cement and non-banking financial institutions were down when the major losers were ETL, United Insurance, Bank Asia, NFML and Pragati Life.

Telecom and engineering sectors showed rebounding trend, with Renwick, Stylecraft, Hakkani, BNICL and Northern Jute taking the top five positions among the day’s major gainers.
Among the traded 325 issues at DSE, 112 closed higher against 145 losing securities. At CSE, 75 issues closed higher when 128 finished the day lower.

BSRM Limited topped the turnover leaders followed by ACME Lab, Islami Bank, BJLBD and GP.

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