Stocks remain flat for third day

The domestic stock market has remained flat for three straight days now as many investors are still shaky about buying shares.

The DSEX, the benchmark index of the Dhaka Stock Exchange, remained unchanged at 6,765 points yesterday.

The stock market witnessed three consecutive flat sessions as investors were active on both sides of the trading fence ahead of the year-end corporate declarations for 2021, International Leasing Securities said in its daily market review.

Among the sectors, banks rose 0.8 per cent, pharmaceuticals and chemicals edged up 0.4 per cent, and food and allied appreciated 0.3 per cent.

The investors' attention was mainly concentrated on IT (14.6 per cent), textile (13.8 per cent) and miscellaneous (10.8 per cent).

At the DSE, 119 stocks advanced, 228 declined and 33 remained unchanged.

Turnover dropped 21 per cent to Tk 837 crore, down from Tk 1,065 crore the previous day.

Beximco Ltd was the most traded stock with shares worth Tk 62 crore changing hands while BDCOM Online, Aamra Technologies, GBB Power, and Bangladesh Shipping Corporation followed with Tk 39 crore, Tk 23 crore, Tk 19 crore, and Tk 17 crore respectively.

Gemini Sea Foods topped the gainers list, rising 8.78 per cent, followed by Sunlife Insurance, Apex Foods, Bangladesh Industrial Finance Company, and RN Spinning Mills.

Robi Axiata shed the most, dropping 3.59 per cent, while Bangladesh Shipping Corporation, and Alif Industries dropped 2 per cent each.

Similarly, Eastern Insurance and Bangladesh Thai Aluminium lost 1.98 per cent and 1.97 per cent respectively.

The Chittagong Stock Exchange (CSE) fell yesterday as the Caspi, the main index of the port city bourse, edged down by three points to hit 19,821. Among 301 traded stocks, 82 rose, 192 fell and 27 remained the same.