Stocks continued to end flat amid volatility on Wednesday, as investors were cautious taking cue from the political front.
The benchmark DSEX index ended at 4,212 with a marginal rise of 15 points or 0.4%.
The blue chip index DS30 rose 5 points or 0.4% to 1,443. The Chittagong Stock Exchange Selective Categories Index, CSCX, gained 11 points to 8,224.
The market turnover improved at DSE, as it stood at Tk4.8bn, an increase of more than 23% over the previous session. The textile sector accounted for one-fourth of the total turnover.
“Volatility has become a key nature of daily trade reflecting the day to day mixed participation of investors and dubious swings in large cap stocks,” said Lanka Bangla Securities in its daily market analysis.
The string of political strike over last few weeks subdued the resilient economic data released in the recent time, making the investment scenario uneven, it said.
Some investors have taken the fundamental condition of market in stride, thereby the benchmark index climbed up modestly.
Banks, telecommunications and power declined marginally. Apart from these three, all the other sectors ended in green. Among the major sectors, non-banking financial institutions and pharmaceuticals edged up by 0.34% and 0.37% respectively.
Gainers took a marginal lead over the losers as out of 278 issues traded, 188 gained, 71 dropped and 19 remained unchanged.