Stocks close flat amid speculative trading

Sun Online Desk

28th July, 2016 07:27:47 printer

Stocks close flat amid speculative trading

Stock market closed the week flat amid speculation centering the new monetary policy statement (MPS) and its impact on the economy, especially on the country's capital market.


Bangladesh Bank (BB) on Tuesday announced a cautiously accommodative monetary policy for the first half of the current 2016-17 financial year.


Dhaka Stock Exchange (DSE) made little gain on the day to break the falling trend that the market had been going through in the past five consecutive sessions, but returned to red zone again on Wednesday with marginal loss on post-MPS trading.


The broader DSEX index of DSE, however, closed the week flat in green at 4538.26 when the blue-chip DS30 and Shariah DSES were marginally down at 1771.50 and 1111.18 respectively.


Compared to last week, all the DSE indices were down when the daily transaction fell considerably. The average trade value at DSE fell by 1.60 percent to Taka 392.72 crore, with the volume declining by over 33.0 percent to 8.88 crore shares.


Chittagong Stock Exchange (CSE) also closed the week in red, with its major CASPI index losing 13.25 points to finish at 13963.62.


Investors were active mostly around the large-cap securities, making GP, BSRM Limited, Acme Laboratories, Delta-Brac Housing and Squire Pharma the week's top five mostly traded issues. During the week, the large-cap group captured 91.29 percent of the total transaction.


Renwick Jaj, Exim Bank, Monno Stafflers, 8th ICBMF and Hakkani Pulp were the day's top five advancing companies when the most five losing issues were BD Thai, Pragati Life, Sunlife Insurance, Modern Dyeing and Bangladesh Finance and Investment Ltd.