Stocks closed flat amid extreme volatility yesterday as late profit booking mainly on textile, financial institutions and telco sectors cut early gains.
The market continued to suffer wide fluctuations with indexes moving up and down heavily during the entire trading session.
The benchmark index DSEX inched 0.8 points down to close at 4,580, after rising around 20 points in the last consecutive three sessions.
The Shariah index DSES was marginally up 3 points to 1,122. The blue chip comprising index DS30 witnessed a fractional rise of 0.9 points to 1,760.
The Chittagong Stock Exchange Selective Category Index CSCX rose 9 points to 8,599.
Textile sector suffered the highest losses with drop of over 1%.
Non-banking financial institutions came second falling 0.6%, followed by telecommunications 0.5%.
Food and allied sector gained highest, rising more than 0.9%, followed by engineering 0.8%, power 0.6%, banks 0.4% and pharmaceuticals 0.09%.
Trading activities declined sharply as the DSE turnover stood at Tk430 crore, down more than 15% over the previous session.
IDLC Investments said the market maintained the similar pace to close the maiden session of the week in flat zone amid volatility. While profit booking strategy was on play along different cap classes, some news-driven trading practices were also observed, it said.
Accordingly, Gemini Sea Food was the biggest day’s gainer, climbing 7.5% riding on its impressive quarterly earnings. On the other hand, Envoy Textile tumbled 2.4% after its flat earnings disclosure.
Bangladesh Steel Re-Rolling Mills Limited was the most traded share with a turnover worth Tk33.4 crore. It was followed by United Power Generation and Distribution Company Limited, IFAD Autos, Beximco Pharmaceuticals, Square Pharmaceuticals and Olympic Industries.
