Dhaka stocks end almost flat
Dhaka stocks closed almost flat yesterday, with speculative trading dominating the scene.
Analysts said although the market is behaving relatively logical, it is still dominated by speculative trading.
Among all sectors, the engineering sector recorded the highest turnover, which is a small market capitalisation sector, characterised by numerous low quality shares.
Turnover in the banking sector showed signs of increase, a rather positive sign, the analysts added.
The benchmark index of the Dhaka Stock Exchange, DSE General Index, rose marginally by 1.88 points, or 0.07 percent to reach 2,606.05. The DSE All Share Price Index increased by 1.47 points, or 0.06 percent to 2,169.47.
Majority of the securities traded up on the premier bourse. Of the 268 traded issues, 136 advanced, 125 declined and seven remained unchanged. A total of 2,88,17,442 shares worth Tk 384.42 crore changed hands.
Shinepukur Ceramics topped the turnover leaders on the DSE, with 24,29,000 shares traded worth Tk 26.15 crore. The other turnover leaders were Titas Gas, S Alam Cold Rolled Steel Mills, Beximco, Beximco Pharma, British-American Tobacco, Summit Power, Jamuna Oil, Aftab Automobiles and Eastern Housing.
Chittagong Stock Exchange however closed slightly lower. The CSE Selective Categories Index declined by 9.21 points, or 0.17 percent to 5,133.19. The CSE All Share Price Index also dropped 12.09 points, or 0.15 percent to 7,963.09.
A total of 56,45,377 shares worth Tk 49.67 crore changed hands on the port city bourse. Of the 174 traded scrips, 83 advanced, 84 declined and seven remained unchanged.
Shinepukur Ceramics topped the turnover leaders on the CSE with 3,79,700 traded shares worth Tk 4.11 crore. The other turnover leaders were Titas Gas, Beximco, Beximco Pharma, Jamuna Oil, AIMS 1st Mutual Fund, BSRM Steels, Grameen Mutual Fund One: Scheme Two, Meghna Petroleum and Eastern Housing.