Stocks continued to end flat in volatile trade yesterday as late selling pressure cut early gains.
The market opened higher with the benchmark index DSEX crossing 4,600-mark level in the early trade, riding on heavyweights. But as days wore out, the initial upbeat mood failed to sustain due to selling pressure on majority scrips.
At the end of the day, the DSEX inched 0.8 points higher to close at 4,585, after rising marginally down in previous session.
The Shariah index DSES was also marginally up 2 points to 1,124. The blue chip comprising index DS30 witnessed a fractional rise of 0.9 points to 1,761.
The Chittagong Stock Exchange Selective Category Index CSCX shed 11 points to 8,588.
Textile, non-banking financial institutions and power sectors continued to close marginally lower. Heavyweight telecommunications moved up slightly, after suffering losses in previous session.
Food and allied, engineering, banks, insurance, ceramics and pharmaceuticals ended positive.
Trading activities improved due to strong selling pressure as the DSE turnover stood at over Tk445 crore, up 4.2% over the previous session.
Engineering sector continued to top turnover leader for the third consecutive session, making up more than 23% over the previous session, led by BSRM that became the highest gainer of the day with a rally of over 9% and was also the most-traded shares.
Lanka Bangla Securities said after moving sharply lower in middle of the day in continuation of the previous trading session, stocks regained some ground late in the day but still closed mostly negative.
The benchmark index crept up into positive territory to close the market flat amid consolidation, it said.
After BSRM, other turnover leaders included Beximco Pharmaceuticals, Square Pharmaceuticals, United Power Generation and Distribution Company Limited, BSRM Steels and Singer Bangladesh.
