Stocks end flat

Stocks ended the week flat amid choppy trading throughout yesterday’s session. 

The DSEX, the benchmark index of the Dhaka Stock Exchange, declined 0.30 points, finishing the day at 4,682.90. 

Market insiders said some well-performing stocks saved the market from falling further at the end of the day. 

Yesterday, British American Tobacco Bangladesh Company (BATBC) alone contributed 8 points, causing the index of the DSE to go up. 

However, some foreign investors sold off shares at the end of the day, for which the index fell slightly, said market insiders. 

Last week the stocks fell 89 points but the average daily turnover of the market increased 8.30 percent. 

Turnover, another important indicator of the market, increased 16.71 percent to Tk 405.43 crore. Of the traded issues, 185 advanced, 126 declined and 41 closed unchanged on the premier bourse. 

National Tubes dominated the turnover chart with transactions of Tk 18.79 crore worth of shares, followed by Sonar Bangla Insurance, Northern Insurance, Brac Bank and the BATBC. 

Mozaffar Hossain Spinning Mills was the day’s best performer with a 12.67 percent gain while Golden Harvest Agro Industries was the worst loser, shedding by 17.24 percent.

Chattogram stocks also went down with the bourse’s benchmark index, the CSCX, decreasing 35.79 points, or 0.41 percent, to finish the day at 8,646.11. 

Gainers beat losers as 132 advanced, 106 declined while 22 finished unchanged on the Chittagong Stock Exchange. 

The port city bourse traded shares and mutual funds worth Tk 18.32 crore.