Stocks stay flat amid volatility

stock Bangladesh DSE CSE

Stocks ended flat today amid volatility as investors went for booking profits on recent gains.

The day kicked off with a negative tone and moved into the green and red as the day passed.

However, previous day’s bullish mood subdued on the day as DSE turnover was down about 10% to Tk5.5 billion from previous session’s Tk6.14 billion, which was eight-month high.

The benchmark index of Dhaka Stock Exchange, DSEX, gained 5 points or 0.2% to 4,665, extending the gaining streak for the 12th straight session.

The DS30 index, comprising blue chips, inched 2 points down to 1,771. The DSE Shariah Index, DSES, rose over 2 points to 1,120.

However, the Chittagong Stock Exchange Selective Category Index CSCX was up 16 points to 8,727.

Yeakin Polymer Limited making debut on the bourse jumped 218% to Tk31 a share on its offer value.

It also remained the most favourite of the investors as it was the highest traded share with a turnover worth nearly Tk290 million, accounting for more than 5% of the total DSE turnover.

The large cap sectors showed mixed performances. Telecommunication gained highest 1.2%.

Almost all other sectors like non-banking financial institutions, banks and power edged higher.

On the other hand, engineering saw biggest losses of about 1% on profit booking. Food & allied and pharmaceuticals closed the session flat in red.

After Yeakin Polymer, other top turnover leaders included United Power Generation and Distribution Company Limited, Lanka Bangla Finance, Bangladesh Submarine Cable Company Limited, Shahjibazar Power Company Limited and Singer Bangladesh.

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