Stocks stayed flat in the past week as investors were cautious over the recent market’s heavy volatility.
The benchmark DSEX came down below 5,000-mark to close the week at 4,984, shedding over 40 points or nearly 1%.
The comprising blue chips DS30 index lost 7 points or 0.9% to 1,860. The DSE Shariah Index dropped 6 points or 0.5% to close at 1,175.
The Chittagong Stock Exchange (CSE) Selective Categories Index, CSCX, declined 72 points or 0.8% to 9,371.
The week’s total turnover improved significantly as the daily turnover averaged Tk760 crore, registering an increase of almost 9% over the previous week’s average of Tk694 crore.
Investors’ attention was mostly focused on engineering, power and pharmaceuticals, which together accounted for over 46% of the total week’s turnover.
LankaBangla Securities said market got some footing during the week though benchmark index lost slightly.
It said some of the companies’ encouraging earnings, which were published during the week, might have lured investors from sideline.
IDLC Investments said despite clear downward direction, large positive swings were observed, which couldn’t fade the bearish trend. Micro and mini cap stocks performed relatively better, while large cap stocks slipped, it said.
Among the sectors, top gaining sectors of the past week were IT that rose over 9%, miscellaneous 1%, food and allied 0.8% and travel and leisure 0.7%.
Conversely, top losing sectors were service and real estate that lost 6%, tannery 3%, bank 2% and life insurance 2%.
Losers outpaced gainers as out of 314 issues traded, 198 declined, 97 advanced and 19 remained unchanged on DSE floor last week.
The week featured all five trading sessions. Of them, three sessions saw negative trend while two sessions saw upward trend.
The new issue Western Marine Shipyard dominated the top turnover chart for the second consecutive week with shares worth Tk30 crore changing hands, followed by Keya Cosmetics, Barkatullah Electrodes Dynamics Ltd, DESCO and Jamuna Oil.
National Polymer was also the week’s top gainer, posting a rise of over 45% while Tallu Spinning was the week’s worst loser, plunging by 28%.
