Stocks flat as large-cap issues tumble

Business Report :

Stock markets today finished the session of the week flat amid lower activities of large-cap securities.
DSEX, the broad index of the Dhaka Stock Exchange (DSE), edged down by 0.1 points and settled at 5,166.8 points as against 5,167.0 points in the previous trading session.
Market analysts observed that the market saw mixed reactions as the session began with an upbeat momentum as bargain hunters opted to take positions in the beaten-down issues, but risk-averse investors’ subsequent cautious selling approach amidst an uncertain market momentum eroded the early session optimism, reports BSS.
Meanwhile, market turnover in DSE slightly increased by 37.5 percent to Taka 3.8 billion as against Taka 2.8 billion in the previous session.
On the sectoral front, Textile (17.9 percent) issues exerted the highest turnover, followed by Pharma (16.2 percent) and Bank (11.4 percent) sectors.