Stocks finished flat yesterday, extending losing streak for the second straight session of the week.
The benchmark index DSEX lost 12 points or 0.3% to close at 4,567, after losing 19 points in previous session.
The Shariah index DSES shed almost 5 points or 0.4% to 1,115. The blue chip comprising index DS30 moved down 4 points or 0.2% to 1,753.
The Chittagong Stock Exchange Selective Category Index CSCX ended at 8,566, dropping 42 points.
Participation in trading remained almost at the same level as that of the previous day with a total turnover of Tk460 crore, down 5% from Tk485 crore.
Engineering and financial institutions continued to attract investors as those sectors accounted for over 30% of the trade value.
Cement sector led the top market cap gainers with 1.2% rise. Food and allied sector led the top market losers with 1.3% fall, led by BATBC that dropped by 1.5%.
Among other major sectors, non-banking financial institutions and banks continued to rally, increasing by 1.2% and 1% respectively.
IDLC Investments said the market continued to revolve on the flat realm as participants kept searching for opportunistic investment prospects.
Lanka Bangla Securities said the market ended in red territory thanks to profit taking in large cap stocks like Square Pharmaceuticals, BSRM Limited, Bximco Pharmaceuticals.
The market breadth was also negative as out of 327 issues traded, 118 closed positive, 150 negative and 59 remained unchanged.
Lanka Bangla Finance was the most traded stock with a turnover worth more than Tk45.6 crore.
It was followed by Quasem Drycells, United Power Generation and Distribution Company Limited, Singer Bangladesh, BSRM, Beximco Pharmaceuticals and Square Pharmaceuticals.
Singer Bangladesh was the day’s biggest gainer following its announcement of earnings result while Shyampur Sugar Mills was the day’s largest loser.
