Biz-Econ

Stocks end flat amid choppy trading

Stocks ended flat in green on Wednesday amid choppy trading throughout the session as investors booked profit.The market opened lower with high fluctuation and finally closed in mixed trend. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 2.14 points or 0.04 per cent to settle at 4,873.96. However, the two other indices closed in the red. The DS30 index, comprising blue chips, lost sharply 15.0 points or 0.78 per cent to finish at 1,889.75. The DSE Shariah Index (DSES) shed 5.01 points or 0.41 per cent to end at 1,202.90. Turnover remained satisfactory and the total turnover amounted to Tk 9.02 billion, which was 2.80 per cent lower than the previous day’s Tk 9.28 billion.The losers took a modest lead over the gainers as out of 321 issues traded, 148 closed lower, 142 higher and 31 remained unchanged on the DSE trading floor. United Power was the day’s top turnover leader with shares of Tk 1.05 billion changing hands followed by Islami Bank, Square Pharma, Lafarge Surma Cement and ACI. Anwer Galvanizing was the day’s best performer, posting a rise of 9.95 per cent while Daffodil Computers was the day’s worst loser, plunging by 4.57 per cent.The port city bourse Chittagong Stock Exchange (CSE) also closed in mixed trend with its Selective Categories Index – CSCX – gained 3.91 points to close at 9,096.40. Losers beat gainers 134 to 102, with 27 issues remained unchanged on the port city bourse that traded 22.38 million shares and mutual fund units with a value of Tk 769 million. -FE