Stocks end week flat as investors remain cautious
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard
MONDAY, MAY 23, 2022
MONDAY, MAY 23, 2022
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
Stocks end week flat as investors remain cautious

Stocks

TBS Report
27 June, 2020, 11:05 pm
Last modified: 27 June, 2020, 11:08 pm

Related News

  • World shares sink after inflation driven retreat on Wall St
  • Stocks cower as dollar marches to two-decade highs
  • Singapore convicts two linked to $6 bln penny-stock crash
  • Trust deed signed for Tk100cr Golden Jubilee Fund
  • Krishibid Seed’s share trading starts today

Stocks end week flat as investors remain cautious

The market witnessed four positive sessions and one negative session during the week

TBS Report
27 June, 2020, 11:05 pm
Last modified: 27 June, 2020, 11:08 pm
File Photo: Rehman Asad/TBS
File Photo: Rehman Asad/TBS

Stocks ended another flat week on Thursday while turnover took a nosedive compared to the previous week. 

DSEX, the key index of the Dhaka Stock Exchange (DSE), gained 8 points, or 0.2 percent, during the week to close at 3,969. 

CASPI, the benchmark index of the Chittagong Stock Exchange, also advanced 8 points, or 0.1 percent, over the week to close at 11,262.

The market witnessed four positive sessions and one negative session during the week. 

Trading remained low during the week, and the average turnover stood at Tk56.9 crore – down by 16.2 percent from the previous week's Tk67.8 crore.

According to the Weekly Market Review of EBL Securities Ltd, the average turnover decreased as most investors remained cautious due to the quarterly earnings and dividend declarations of listed companies. 

The market prolonged a dull period throughout the week as investors' worries grew over the worsening pandemic situation in the country with looming uncertainty about economic growth, it continued.

The floor pricing system has also been holding back investors from making any investment in stocks, added the review.

In weekly average turnover distribution, the pharmaceuticals sector contributed the highest to turnover at 46.1 percent, followed by the banking sector, which added 17 percent and the fuel and power sector, which added 10.9 percent. 

The jute sector posted the highest price appreciation of 0.8 percent during the week. Mutual funds and general insurance stocks both exhibited the highest price correction of 0.1 percent. 

Among the other large-cap sectors, banks gained 0.5 percent, textiles gained 0.3 percent, pharmaceuticals gained 0.2 percent, and the cement sector remained flat on the weekly sector return board. 

Beximco Pharmaceuticals Ltd was the most-traded stock of the week with a closing price of Tk64.8 per share. Its weekly turnover was Tk31.4 crore, according to the DSE website.

The Dacca Dyeing & Manufacturing Company Ltd topped the weekly gainers' table by gaining 31.6 percent, closing at Tk5 per share. 

Phoenix Finance 1st Mutual Fund, on the other hand, was the week's worst loser as it dropped 6.1 percent and closed at Tk7.7 per share. 

Economy / Top News

Stock

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • BPC hunts for dollar to import fuel oil
    BPC hunts for dollar to import fuel oil
  • Kazi Shofiqul Azam. Illustration: TBS
    It is time to be cautious about foreign-funded projects
  • Representational Image. Photo: Mumit M/TBS
    Govt to list products to suspend imports amid dollar crisis

MOST VIEWED

  • Dacca Dyeing sees 68% profit decline in March quarter
    Dacca Dyeing sees 68% profit decline in March quarter
  • LR Global Bangladesh enters Agni Systems board with a 9% stake
    LR Global Bangladesh enters Agni Systems board with a 9% stake
  • File Photo/ UNB
    Finance minister calls for stock market stabilisation
  • Margin loan ceiling raised to 100%
    Margin loan ceiling raised to 100%
  • Stocks' bearish run extends to seventh day
    Stocks' bearish run extends to seventh day
  • Photo: TBS
    37,000 BO account holders sell all shares in 11 days

Related News

  • World shares sink after inflation driven retreat on Wall St
  • Stocks cower as dollar marches to two-decade highs
  • Singapore convicts two linked to $6 bln penny-stock crash
  • Trust deed signed for Tk100cr Golden Jubilee Fund
  • Krishibid Seed’s share trading starts today

Features

Why everybody wants to be like TikTok

Why everybody wants to be like TikTok

18h | Panorama
Illustration: TBS

How the ban on porn sites spawned a local cybersex industry

21h | Panorama
3 best affordable sunscreens for all

3 best affordable sunscreens for all

21h | Mode
Warah uses three types of khadi material: a sheer and light one, a medium count and a thicker one.

Warah: Embroidered with culture and womanhood

23h | Mode

More Videos from TBS

Investors, public to suffer from electricity price hike

Investors, public to suffer from electricity price hike

10h | Videos
Health benefits of summer fruits

Health benefits of summer fruits

12h | Videos
The way Bangladesh saves almost extinct fish

The way Bangladesh saves almost extinct fish

12h | Videos
Padma’s Char now largest grazing-ground

Padma’s Char now largest grazing-ground

12h | Videos

Most Read

1
Tk100 for bike, Tk2,400 for bus to cross Padma Bridge
Bangladesh

Tk100 for bike, Tk2,400 for bus to cross Padma Bridge

2
A packet of US five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron
Banking

Dollar hits Tk100 mark in open market

3
PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire
Crime

PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire

4
Bangladesh at risk of losing ownership of Banglar Samriddhi
Bangladesh

Bangladesh at risk of losing ownership of Banglar Samriddhi

5
BSEC launches probe against Abul Khayer Hero and allies
Stocks

BSEC launches probe against Abul Khayer Hero and allies

6
The story of Bangladesh becoming a major bicycle exporter
Industry

The story of Bangladesh becoming a major bicycle exporter

The Business Standard
Top
  • Home
  • Entertainment
  • Sports
  • About Us
  • Bangladesh
  • International
  • Privacy Policy
  • Comment Policy
  • Contact Us
  • Economy
  • Sitemap
  • RSS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net

Copyright © 2022 THE BUSINESS STANDARD All rights reserved. Technical Partner: RSI Lab