DSE turnover again hits below Tk 5.0 b-mark

FE Report | Published: April 11, 2014 00:00:00 | Updated: November 30, 2026 06:01:00

Stocks ended flat into the red Thursday with turnover dipped below Tk 5.0 billion-mark on the prime bourse as the investors remained cautious amid lack of clear direction.
The market opened with a positive note and the key index of the prime bourse gained 38 points within first 35 minutes. But rest of the session, it went down steadily, eventually closed flat into red.
DSEX, the prime index of the Dhaka Stock Exchange (DSE) ended at 4,592.73 points, losing 1.59 points or 0.03 per cent from previous session.
The other two indices, however, closed in green. The DS30, comprising blue chips gained 0.83 points or 0.04 per cent to close at 1,675.63 points. The DSE Index (DSES) went up by 0.32 points or 0.03 per cent to close at 1,020.21 points.
Turnover value on the DSE came down to Tk 4.20 billion, registering 21.78 per cent decline over the previous session's value of Tk 5.37 billion.
"Maintaining frontline, Large Cap fought against the offbeat sentiment and subsequently neutralized each other at market level. Resultantly, the bourse ended flat, approaching to fourth session," commented IDLC Investments, in its daily market analysis.
Alongside, participation remained tilted to a few heavy-weighted scrips like GP, Lafarge Surma Cement and Heidelberg Cement. Apart from this, activity slowed a bit in other cap classes, contracting turnover by 22 per cent and went below Tk 4.5 billion mark, again after six sessions, said the merchant bank.
"Despite finishing positively previous day, market likely to remain cautious as index wrapped the week red and it has been consolidating at the level of 4,600 points," said LankaBangla Securities.
However, selective MNCs, FMCG and banking stocks made strong gain this week on back of strong fundamental ground, said the stock broker.
"The market witnessed another flat session coupled with sluggish investors' participation. The session started with positive vibe but could not continue the trend till the day end," said International Leasing Securities.
However, the port city bourse --- the Chittagong Stock Exchange (CSE) ended marginally higher with its Selective Categories Index - CSCX gained 28.72 points to close at 8,900.70 points.
Losers beat gainers 122 to 81, with 21 issues remaining unchanged at the port city bourse that traded 7.78 million shares and mutual fund units, turnover value of Tk 390.72 million.