Bangladesh’s stocks break losing streak

Last updated: April 8, 2015

 

Dhaka, Bangladesh (BBN)-Bangladesh’s stocks posted marginal gain on Wednesday, after losing in the last five consecutive sessions, as investors went for late hours buying binge.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 2.10 points or 0.04 percent to close at 4,347.13 points after losing 185 points in the past five sessions.

The DS30 index, comprising blue chips advanced 2.30 points or 0.13 percent to close at 1,671.47 points.

However, the DSE Shariah Index (DSES) closed in red with losing 1.59 points or 0.14 percent to close at 1,062.62 points.

The total turnover on DSE stood at BDT 3.71 billion which was 14 percent higher over the previous day’s value of BDT 3.25 billion.

The losers took a modest lead over the gainers as out of 303 issues traded, 148 declined, 120 advanced and 35 remained unchanged on the DSE floor.

Newly listed United Power Company continued to dominate the top turnover chart with shares worth BDT 388.98 million changing hands followed by ACI, Unique Hotel, IFAD Autos and Pharma Aid.

The port city bourse, Chittagong Stock Exchange (CSE), also returned to the green with its Selective Categories Index – CSCX – gained 34.13 points to close at 8,127.07 points.

Losers beat gainers 113 to 92, with 25 issues remaining unchanged at the port city bourse that traded 7.74 million shares and mutual fund units, turnover value of BDT 304.60 million.

BBN/BB/AI-08Apr15-3:48pm (BST)

 

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