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Stocks flat as investors stay on sidelines

Trades in govt securities executed

FE REPORT | October 12, 2022 00:00:00

Dhaka bourse took a breather on Tuesday after the previous day's sharp decline in its benchmark index, as the investors' participation declined sharply.

Major sectors performed mixed and the DSEX, the benchmark index of Dhaka Stock Exchange (DSE) witnessed volatility throughout the session.

Also on the day, both the bourses of the country saw the much-awaited execution of the trading in treasury bonds.

Trades of the units of two bonds worth Tk 1,004,390 were executed in the DSE while the Chittagong Stock Exchange (CSE) saw the trades of units worth Tk 105,190.

DSE opened the Tuesday's session on a positive note but after the mid-session, the benchmark index went down sharply.

At the end of the session, the DSEX settled at 6449.92 points with a rise of 0.01 per cent or 0.28 points.

The shariah-based index DSES declined 0.05 per cent or 0.84 point to close at 1415.01 points while the DS30 index comprising blue chip securities went down by 0.17 per cent or 4.08 points to close at 2310.04 points.

"The prime bourse logged a volatile session with decreased participation since investors were reluctant to take fresh positions in equities and continued liquidation of their holdings," said a market review of EBL Securities.

Of 368 issues traded on the DSE, 73 advanced, 80 declined and 215 were unchanged on Tuesday.

The premier bourse DSE posted a turnover of Tk 10.10 billion which was 29 per cent less than the turnover of the previous session.

Of the sectors which saw price appreciations, pharmaceuticals & chemicals advanced 0.1 per cent, financial institutions 0.1 per cent, general insurance 0.1 per cent, paper & printing 2.4 per cent, services & real estate 1.7 per cent and travel & leisure 3.4 per cent.

Of the sectors which witnessed price corrections, banking declined 0.1 per cent, engineering 0.1 per cent, fuel & power 0.1 per cent, miscellaneous 0.9 per cent, and life insurance 0.4 per cent.

Investors' participation was concentrated mostly on pharmaceuticals & chemicals sector which grabbed 21.3 per cent of the market turnover.

Orion Pharma topped the scrip-wise turnover chart with a value of Tk 916 million.

Sea Pearl Beach Resort & Spa saw the highest price appreciation and closed at Tk 131 each with a rise of 9.72 per cent or Tk 11.60.

The Peninsula Chittagong was the worst loser after declining 7.98 per cent or Tk 2.60 to close at Tk 30 each.

CASPI, benchmark index of Chittagong Stock Exchange (CSE), on Tuesday declined 0.20 per cent or 38.09 points to close at 19011.67 points.

Of 218 issues traded, 38 advanced, 77 declined and 103 others remained unchanged.

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