Stocks finish flat
Dhaka stocks ended flat yesterday thanks to investors' selling spree during the half-day strike enforced by Islamist and likeminded parties.
DGEN, the benchmark general index of Dhaka Stock Exchange, finished the week at 4,174.77 points, after dropping 6.67 points or 0.15 percent at its 2:30pm closure.
“In the present market situation investors went for booking marginal profits to avoid any risk in their portfolio,†IDLC Investments said in its regular market analysis.
“The index retrenched slightly as the investors pouring money into the market in a cautious manner,†LankaBangla Securities said. Turnover declined 8 percent to Tk 225 crore, compared to the previous day.
The banking sector topped the sector-wise turnover list for the seventh consecutive session though its turnover and index declined 16.3 percent and 0.95 percent respectively.
In total, banks and textile sector accounted for 32.30 percent of the total turnover. The insurance sector's turnover increased 42 percent, compared to the previous day.
Beximco continued its momentum for the second day, contributing 10.82 percent in market turnover. In addition, large-cap scrips such as Grameenphone, Beximco and Square Phama contributed positively to the index.
A total of 0.74 lakh trades were executed, with 6.25 crore shares and mutual fund units changing hands on the Dhaka bourse.
Of the 264 issues traded on the DSE, 125 advanced, 109 declined and 30 remained unchanged.
All the major sectors posted losses: banks dropped 0.96 percent, non-banks 0.64 percent, telecoms 1.45 percent, pharma 1.01 percent, and power 0.68 percent.
CSCX, the selective categories index of the Chittagong bourse, finished the day at 8,109 points, rising 4.74 points, or 0.05 percent.
Losers beat gainers 91 to 70 with 17 securities remaining unchanged on the port city bourse that traded 1.07 crore shares and mutual fund units with Tk 58 crore in turnover.
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