Stocks were mostly mixed with continued volatile trade yesterday, extending their flat move for the second straight session.
The market moved between red and green several times during the entire trading session, as investors played both sides of fence.
The benchmark index DSEX was marginally up 7 points or 0.2% to 4,580.
The Shariah index DSES witnessed a fractional loss of 0.8 points to 1,100. The blue chip comprising index DS30 closed at 1,730, gaining over 1 point.
The Chittagong Stock Exchange Selective Category Index CSCX was slightly down 0.5 points to settle at 8,506.
All the major sectors including bank, power, food and allied, telecommunication, pharmaceutical and life insurance edged higher.
Non-banking financial institutions continued to suffer, declining more than 1%.
Trading activities, however, improved as the DSE turnover stood at Tk405 crore, up from Tk348 crore in the previous session.
Linde Bangladesh, an engineering company, soared 5.3% on the news that the company will set up Tk123 crore plant to boost production.
Lanka Bangla Securities said stocks traded mixed for the second straight session, marking yet another flat day with a positive bias, as caution prevailed among the investors ahead of the adjustment in stock positions at the closing of the month.
It said the market was caught by the central bank’s move on the interest rate for second half of the current fiscal year.
Investors were closely watching the Bangladesh Bank’s decision to hold off on interest rate cut in 2015-16 to curb the volatility in inflation, it said.
IDLC Investments said the presence of equally powerful buyers and sellers forced the market into the sideways trend, where investors were seen to trade on quick gains.
It said at the same time, portfolio re-balancing tactics were apparent, as some stocks that gained, faced correction, and turnover allocation in different sectors changed.
