• Thursday, Jan 27, 2022
  • Last Update : 03:32 am

Stocks end flat amid poor turnover

  • Published at 09:15 pm September 5th, 2013
Stocks end flat amid poor turnover

Stocks ended flat Thursday amid sharp drop in turnover, as investors showed least interest in trading.

The benchmark DSEX index closed at 4,118 with a slight fall of nearly 10 points or 0.23%, after gaining 27.82 points in the last two sessions. The blue chip index DS30 was down 1 points or 0.06% to 1,545.

The Chittagong Stock Exchange (CSE) Selective Categories Index, CSCX, declined 18 points to 8,024.

The total turnover value at the DSE stood at Tk4.1bn, which is lowest in three weeks and 22.2% lower over the previous session’s value.

Market sentiment jumped back and forth throughout the session, eventually making a negative close as the week ended, said IDLC Investment in its daily market analysis.

In line with the previous sessions, mid and small caps dominated participation.

In the mean time, as eight of the top ten market cap scrips declined. Large cap took a blow.

General Insurance and textile were the only major sectors to stay positive while all the major sectors ended in red.

Non-banking financial institutions were the biggest losers as the sector was down 1.56%, followed by telecommunications 1.20%.

The other big sectors including power, pharmaceuticals and banks lost less than 1% each.

Losers beat gainers as out of 289 issues traded, 129 advanced, 133 declined and 27 remained unchanged.

RN Spinning was the most traded stock of the session with turnover Tk275.6m changing hands.

The textile sector accumulated the highest portion of turnover value, making up 16.9% of the total turnover.

Other top turnover leaders were Grameenphone, Heidelberg Cement, Active Fine Chemical, Square Pharmaceuticals, Bangladesh Submarine Cable Company Ltd and Olympic Industries.  

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