Stocks end flat on profit booking

stocks Bangladesh

Stocks closed flat today as late sell-off cut early gains.

The market set out on positive note but modest profit booking in the wee hour pulls down the market.

The benchmark index of Dhaka Stock Exchange DSEX lost 6 points or 0.2% to 4,677.

The DS30 index, comprising blue chips, was up 3 points to 1,775. The DSE Shariah Index DSES witnessed fractional drop of 0.3 point to 1,775.

However, the Chittagong Stock Exchange Selective Category Index CSCX moved down 10 points to 8,756.

Trading activities continued to shrink as the DSE turnover stood at over Tk5.34 billion, down 3.4% over the previous session.

Almost all the sectors remained flat. Food & allied sector was the highest gainer with a rise of 0.7%. Power sector closed flat in green.

Non-banking financial institutions posted the highest loss of 0.8%, followed by telecommunication 0.7%, banks 0.6%, engineering 0.5%. Pharmaceuticals closed flat in red.

Debutant Yeakin Polymer fell over 9% to Tk40.6 a share, breaking its rally for fourth consecutive session. On its debut on Thursday, it jumped 218% over offer value of Tk10 a share.

Losers beat gainers strongly as out of total 324 companies traded, 105 moved up, 181 down while 38 remained unchanged.

Yeakin Polymer was the most traded share for the second straight session with a turnover worth over Tk280 million.

It was followed by Bangladesh Submarine Cable Company Limited, Beximco Limited, Olympic Accessories Limited, Singer Bangladesh and Lanka Bangla Finance.

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