Dhaka stocks ended flat on Tuesday after fall in the previous five trading sessions as opening hype could not sustain against selling pressure after mid-session.
The benchmark general index of Dhaka Stock Exchange, DSEX, finished at 4,030.09 points, advancing by 0.22 per cent or 9.01 points. DS30, the blue-chip index of the bourse, advanced by 0.29 per cent, or 4.36 points, to close at 1,471.92 points.
The DSEX and the DS30 had lost 116.85 points and 55.73 points respectively in the previous five trading sessions.
The turnover of the bourse dropped to Tk 468.42 crore from the previous trading session’s Tk 521.33 crore.
Market operators said investors became active on the trading floor to avail lower prices of shares after the five-day fall, but the market finished flat because of a selling pressure in late trading.
State-owned entities were also active on the trading floor to keep the market afloat, they said.
‘Today’s [Tuesday] opening hype could not sustain against profit booking after mid-session. Regardless of this situation, investors’ positioning in most of the large cap and mid cap scrips assisted DSEX to end in green zone. Resultantly, index regained 9.02 points after losing 116.85 points in the last five waning sessions,’ IDLC Investments said in its daily market commentary.
Investors mostly focused on sector wise shuffling during today’s [Tuesday] session, it said. ‘Besides, scrips wise swings persisted throughout the session. Amid the slower participation of Tk 468.42 crore, activity centralisation continued in textile and pharmaceutical sector.’
Of the 291 shares and mutual funds traded on the day, 151 advanced, 116 declined and 24 remained unchanged.
CMC Kamal led the turnover chart as its shares worth Tk 17.45 crore changed hands on the day.
Generation Next Fashions, Active Fine Chemicals, Bangladesh Submarine Cable Company, United Airways, MI Cement, RN Spinning, Bangas, Tallu Spinning and JMI Syringes and Medical Devices were also among the top 10 turnover leaders of the day.
Rahima Food gained the most as its share price increased by 9.57 per cent, while Modern Dyeing and Screen Printing lost the most, shedding 9.87 per cent.
-With New Age input
