Stocks end flat

Staff Correspondent

24 September, 2020 12:00 AM printer

Stocks end flat

Price indices on the Dhaka Stock Exchange (DSE) ended almost flat on Wednesday with turnover increasing by 21 percent thanks to greater participation of the big investors.

Turnover stood at Tk 8.82 billion, which was 21 per cent higher than the previous day’s one month’s lowest turnover of Tk 7.29 billion.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), advanced 2.02 points or 0.04 per cent to settle at 4,972.

The DS30 index, comprising blue chips, lost 5.85 points to finish at 1,708 and the DSE Shariah Index declined by 0.91 point to close at 1,125.

Out of 356 issues traded, 174 closed higher, 137 ended lower while 45 issues remained unchanged on the DSE trading floor.

A total number of 176,741 trades were executed in the day’s trading session with a volume of 343.61 million shares and mutual fund units.

The market-cap on the premier bourse rose to Tk 3,892 billion on Wednesday, from Tk 3,769 billion in the previous session.

Beximco Pharma topped the turnover chart with shares worth Tk 280 million changing hands, closely followed by Delta Brac Housing Finance, Beximco, Rupali Insurance and Sandhani Insurance.

The general insurance sector continued to dominate the gainers chart with Delta Life Insurance was the best performer, posting a gain of 9.95 per cent while BD Welding was the worst loser for the second straight session, dropping 8.29 per cent.

The Chittagong Stock Exchange also ended flat with its All Shares Price Index (CASPI) gaining 11 points to close at 14,181 while the Selective Categories Index (CSCX) losing 1.60 points to close at 8,512.

Of the issues traded, 136 advanced, 112 advanced and 46 remained unchanged on the CSE.

The port city bourse traded 13 million shares and mutual fund units with turnover value of Tk 212 million.