Home ›› 11 Feb 2022 ›› Stock
The Dhaka Stock Exchange ended Thursday’s erratic trading session on a flat note, as investors preferred to play both sides of the fence.
The market kicked off on a gloomy note in the morning and oscillated between red and green throughout the session amid continued lackluster trade.
The benchmark DSEX index inched 4 points, or 0.06 per cent up to reach 7,085 after dipping as low as 7,077 and as high as 7,101.
Its junior partners the Shariah-based DSES index also rose marginally over 4 points or 0.31 per cent to 1,517 while the blue-chip DS30 index was down 7 points or 0.28 per cent to 2,597.
Among the sectors, textile sector continued to flex their muscle led by Prime Textile (+8.91 per cent) and Tamijuddin Textile Mills (+8.7 per cent).
The insurance sector faced correction pulled down by Takaful Insurance, United Insurance, and Fareast Islami Life Insurance.
“Indices stayed afloat in green terrain as investors’ profit-booking in mid-session pushed the core index to settle flat while the market observed volatility during the trading hour on the bourse,” said the EBL Securities in a note.
Trading activities were a bit sluggish as most investors are seeking opportunities in potential stocks ahead of the December-end declaration session, it said.
The turnover stood at Tk 1,254 crore, up by 9 per cent over the previous session.
The volumes were led by pharmaceuticals, engineering, miscellaneous, textile, food, NBFI and insurance stocks.
Bangladesh Shipping Corporation (BSC), a state-run ocean-going vessel management company, saw the largest volume of trade after it reported that its earnings per share posted a rise of 268 per cent to Tk 3.94 in the second quarter of the current fiscal year.
It was followed by Orion Pharmaceuticals, British American Tobacco Bangladesh Company, Beximco, and Bay Leasing.
Stocks of 380 companies were traded, of which 171 gained in value, 163 declined and 46 remained unchanged.
The port city bourse, CSE, marginally increased. The selected indices (CSCX) and All Share Price Index (CASPI) have inched up by 14.8 points and 26.9 points respectively.
