Stocks fall nearly flat

Stocks closed flat yesterday despite the fresh funds injected into the markets.
DGEN, the benchmark general index of the Dhaka Stock Exchange, went down 2.39 points, or 0.06 percent, to 4,198 at the 2:30pm closure.
Turnover, an important indicator of the market, rose 28.37 percent from the previous day to Tk 332 crore.
“The declining inflation rate coupled with central bank's intention to increase money flow to the economy is boosting market activity gradually,” LankaBangla Securities said in its daily market analysis.
Inflation eased to 7.38 percent in January, from December's 7.69 percent, according to Bangladesh Bureau of Statistics (BBS), with the falling prices of food and non-food items credited for the drop.
A total of 0.93 lakh trades were executed, with 8.49 crore shares and mutual fund units changing hands on the Dhaka bourse.
Of the 274 issues that traded on the DSE floor, 130 advanced, 111 declined and 74 remained unchanged.
For the fourth consecutive session, the power sector dominated the market turnover.
The sector also topped in movements, gaining 0.88 percent, followed by food and allied 0.87 percent and non-bank financial institutions 0.86 percent.
Summit Purbanchol Power Company was the most traded stock, thanks to its transaction of 65.01 lakh shares worth Tk 39.12 crore.
The company also placed the highest in the gainers' chart, posted a 8.03 percent rise.
United Airways and Unique Hotel and Resorts were the next popular stocks of the day.
Gemini Sea Food was the worst loser, plunging 8.56 percent.