Bangladesh’s stocks break losing streak

Last updated: March 19, 2015

Bangladesh stocks return to green BBN file photo
Dhaka, Bangladesh (BBN)-Bangladesh’s stock returned to the green on Thursday, breaking five sessions’ losing streak with turnover dipping below BDT 2.0 billion-mark as most of the investors reluctant to make fresh investment.
The market opened with a positive note which sustained throughout the session.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 25.20 points or 0.56 percent to close at 4,468.02 points.
The two others indices also closed in positive zone.
The DS30 index, comprising blue chips gained 11.55 points or 0.68 percent to close at 1,686.67 points.
The DSE Shariah Index (DSES) advanced 6.88 points or 0.64 percent to close at 1,081.48 points.
However, total turnover on the DSE came down to BDT 1.66 billion which was 46.96 percent lower over the previous session’s value of BDT 3.13 billion.
It was also two and a half month lowest turnover since BDT 1.56 billion on 28 December 2014.
The gainers took a strong lead over the losers as out of 306 issues traded, 178 advanced, 95 declined and 33 remained unchanged on the DSE floor.
Lafarge Surma was the day’s top turnover chart with shares worth BDT 96.88 million changing hands followed by GP, IFAD Autos, SPCL and ACI.
Hwa Well Textile was the day’s top gainer, posting a rise of 5.06 percent while United Finance was the worst loser, plunging by 12.03 per cent following its price adjustment after record date.
The port city bourse, Chittagong Stock Exchange (CSE), also closed in positive zone with its Selective Categories Index – CSCX – gained 38.83 points to close at 8,294.05 points.
Gainers beat losers 132 to 53, with 28 issues remaining unchanged at the port city bourse that traded 4.52 million shares and mutual fund units, turnover value of BDT 149.94 million.
BBN/BB/SS-19Mar15-3:40pm (BST)

 

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