Stocks close flat in nervy day of trading
Dhaka and Chittagong experienced bursts of peaks and troughs throughout the day.
Stocks on Tuesday closed flat, after losing 0.60 per cent over the previous three trading sessions.
Both the bourses at Dhaka and Chittagong experienced bursts of peaks and troughs throughout the day, closing near to where it started in the morning.
DSEX, the benchmark index of Dhaka Stock Exchange (DSE) eventually closed at 5,380.96 points, having gained 1.81 points or 0.03 per cent.
Keep updated, follow The Business Standard's Google news channel
Similarly, CSCX, the broad index of Chittagong Stock Exchange, gained only 0.03 per cent to close at 9985.28.
Market analysts told The Business Standard that investors are still nervous about corporate earnings in upcoming seasons in the wake of proposed 15 per cent tax on listed companies’ stock dividend and their reserves and retained earnings.
The market movement was driven by positive changes in power generation, food & beverage and steel scrips which was balanced by negative changes in general insurance, life insurance, and tobacco scrips.
Pharmaceutical accessories, animal food & health, automobile, jute, and steel sectors made the highest gains on the day.
On the other hand, general insurance, life insurance, textile-other, textile-spinning, and tobacco sectors suffered the largest losses.
The day’s turnover stood at Tk453 crore, up 19.89 per cent compared to the previous day.
