Stocks end flat with choppy trading

Stocks closed almost flat on Tuesday with turnover crossing Tk 4.0 billion-mark again as investors were active in both sides of the trading.

The market opened with a positive note, but slowed down in later part of the session, eventually ended slightly higher. DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4,833.33, gaining 1.73 points or 0.03 per cent.

The DS30 index, comprising blue chips, gained 2.70 points or 0.15 per cent to finish at 1,842.87. However, the DSE Shariah Index (DSES) shed 2.75 points or 0.24 per cent to end at 1,168.15.

Turnover improved to Tk 4.15 billion, which was 8.1 per cent higher than the previous session’s Tk 3.84 billion.

The losers took a modest lead over the gainers as out of issues 323 issues traded, 173 closed lower, 109 ended higher and 41 remained unchanged.

Beximco Pharma dominated the day’s turnover chart with shares of Tk 345 million changing hands followed by Saif Powertec of Tk 148 million, Square Pharma of Tk 137 million, Brac Bank of Tk 109 million and GP of Tk 93 million.

Green Delta Mutual Fund was the day’s best performer, posting a rise of 6.12 per cent while Tallu Spinning was the day’s worst loser, plunging by 6.66 per cent.

The port city bourse Chittagong Stock Exchange (CSE) closed slightly lower with its Selective Categories Index – CSCX – losing 0.58 points to end at 9,013.81.

Losers beat gainers 137 to 81, with 29 issues remained unchanged on the port city bourse that traded 16.20 million shares and mutual fund units with a value of Tk 347 million. -FE