Bangladesh’s stocks close flat

Last updated: June 23, 2013

Dhaka, Bangladesh (BBN): The market ended flat on Sunday with turnover declined slightly as investors followed ‘wait-and-see’ policy.

The General Index of the Dhaka Stock Exchange (DGEN) ended at 4,427.99 points, shedding only 1.63 points or 0.03 per cent.

The other two indices also ended red --- the DSEX went down most by 43.76 points or 1.03 per cent to close at 4,170.15 points while the blue chip index DS30 lost 2.78 points or 0.17 per cent to close at 1,550.21 points.

Total turnover on DSE declined slightly to BDT 6.60 billion, a decrease of 3.64 per cent from previous session’s value.

The losers took a strong lead over the gainers as out of 286 issues traded, 242 declined, 36 advanced and eight remained unchanged in the primer bourse.

Bangladesh Submarine Cable Company was the day’s most traded stocks with shares worth BDT 416.98 million changing hands followed by Meghna Petroleum, GP, Square Pharma and Summit Purbanchol Power Company.

Familytex (BD) was the day’s worst loser, slumping by 10.52 per cent following its price adjustment after record date.

The Chittagong Stock Exchange (CSE) also ended lower with the Selective Categories Index lost 86.01 points to close at 8,200.67 points.

Losers beat gainers 173 to 31, with five issues remaining unchanged on the port city bourse that traded 15.26 million shares and mutual fund units, turnover value of BDT 924.87 million.
 

BBN/BB/AD/23Jun-135.30pm (BST).

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