Market closes flat

FE Report | Published: April 10, 2014 00:00:00 | Updated: November 30, 2025 06:01:00

The market closed flat Wednesday amidst lukewarm participation as the investors remained inactive amid profit-booking.
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE) ended at 4,594.33 points, gaining 7.42 points or 0.16 per cent amid see-saw throughout the session.
However, other two indices ended into the red. The DS30, comprising blue chips lost 7.27 points or 0.43 per cent to close at 1,674.79 points. The DSE Index (DSES) went down by 1.95 points or 0.19 per cent to close at 1,019.89 points.
Turnover value on the DSE came down to Tk 5.37 billion, registering 14.21 per cent decline over the previous day's 25-session high value of Tk 6.26 billion.
"The market closed flat amidst investors' lukewarm participation. However, DSEX fluctuated 50 points during the session as the investors exhibited indecisiveness about the market direction," commented International Leasing Securities.
"Market acted largely volatile with a flat gain at closing as investors continued to take some cash off the table," commented LankaBangla Securities.
"Nascent concern over the market direction has made the index trembling since the benchmark index has converged to the SMA 22 in last week," said the stock broker.
Meanwhile, bank, mutual fund and financial institutions have outshined in the market after a prolonged period, said the stock broker.
"To infuse dynamism in Bangladesh capital market, government has relaxed the investment regulation on investment in treasury bonds for Non-resident foreign currency account on demand of foreign investors," the stock broker added.
"Despite some profit takings from large cap scrips, market was able to retain its balance from falling over. Much of the credit goes to the dormant banking sector that showed some strength during the last few hours of the trading day," observed Zenith Investments.
"Multinational Companies dominance seemed to slow a bit, lately.
Along with volatility appeared to become stronger with 50 stocks posting above 3.0 per cent change of their respective price," said IDLC Investments.
Meanwhile, turnover remained concentrated to a few scrips, like Lafarge Surma Cement, Square Pharma, GP, capturing 41 per cent of day's turnover, said the merchant bank.
The gainers took a marginal lead over the losers as out of 297 issues traded, 140 advanced, 131 declined and 26 issues closed unchanged on the DSE floor.
After remaining in red for the last couple of sessions, Banks picked up with 1.64 per cent gain featuring four of its issues in the top ten gainers. AB Bank posted the highest gain of 9.6 per cent.
Among the other major sectors, NBFIs and telecommunications advanced 0.24 per cent and 0.16 per cent respectively. Food & allied saw sharp decline with a loss of 2.58 per cent. Fuel & power and pharmaceuticals lost 1.34 per cent and 0.56 per cent respectively.
Activities decreased in the major bourse (DSE) where volume and trade were down 11.90 per cent and 28.96 per cent respectively. A total of 0.087 million trades were executed with 82.24mn securities of trading volume.
The total market capitalization on DSE stood at Tk 2,937.10 billion against Tk 2,941.74 billion in the previous session.
Lafarge Surma Cement became the top turnover leaders with shares worth Tk 775.31 million changing hands followed by GP, Heidelberg Cement, Padma Oil and Olympic Industries.
The port city bourse --- the Chittagong Stock Exchange (CSE) also closed flat into red with its Selective Categories Index - CSCX lost 0.69 points to close at 8,871.98 points.
Losers beat gainers 102 to 96, with 23 issues remaining unchanged at the port city bourse that traded 8.03 million shares and mutual fund units, turnover value of Tk 383.04 million.