Stocks closed flat yesterday, as activities on the stock markets remained lacklustre amidst the third quarter earnings announcement.
The volume was thin, down by over 8.6% over the previous day. Investors stood on the sidelines, unwilling to take fresh positions.
After inching down in previous session, the Dhaka Stock Exchange benchmark index DSEX edged over 1 point higher to 4,649.
The Shariah index DSES rose marginally 3 points or 0.3% to 1,116. The blue chip comprising index DS30 witnessed fractional fall of 0.4 points to 1,762.
The Chittagong Stock Exchange Selective Category Index CSCX remained almost unchanged at 8,636, dropping fractionally 0.7 points.
A leading broker said the stocks closed marginally higher amid thin trade on cautious activity in the corporate earnings announcement session.
Some, however, were concerned over the political situation remaining uncertain and stagnant private investment.
Almost all the sectors also witnessed flat movement. Power sector was the best performer rising 0.7%. Food and allied came second, moving up 0.5%, followed by pharmaceuticals 0.2%.
Among negative performers, banks fell almost 1%, followed by non-banking financial institutions 0.4%. Telecommunication and cement continued to extend their losing streak.
The DSE total turnover stood at Tk330 crore, down 8.6% over the previous session’s value. The gainers outpaced losers as out of 315 issues traded, 140 advanced, 126 declined and 49 unchanged.
LankaBangla Securities said among the heavyweights, BATBC registered 17% growth year on year in Q3, 2015.
“Investors are eying on Q3 earnings of listed entities. This earning session will be the major catalyst for next market movement.”
Aman Feed topped the liquidity chart with a turnover worth Tk15 crore changing hands. It was followed by CVO Petrochemical, KDS Accessories, Beximco Pharmaceuticals, United Airways and Miracle Industries.
