Bangladesh’s stocks close flat amid eight-month high turnover

Last updated: June 4, 2013

 Dhaka, Bangladesh (BBN): The bourses ended flat on Tuesday, after sixth bullish sessions with turnover hitting another record with eight months high as investors acted cautiously by realizing profit.

The General Index of the Dhaka Stock Exchange (DGEN) ended at 4,222.94 points, gaining only 6.35 points or 0.15 per cent amid volatile trading throughout the session.

The DSEX, however, went down slightly by 0.48 points or 0.01 per cent to close at 3,974.48. The blue chip index DS30 advanced 2.81 points or 0.19 per cent to close at 1,465.10 points.

The total turnover at DSE stood at BDT 6.00 billion which was 11.8 per cent higher than previous session’s 4-month high value, highest turnover since October 15, last year.

Out of 286 issues traded, 108 advanced, 159 declined and 19 remained unchanged in the primer bourse.

United Airways was the day’s most traded stock with shares worth BDT 432.40 million changing hands.

Pharma Aid was the day’s highest gainer, posting a rise of 9.95 per cent while Second ICB Mutual Fund was the day’s worst loser, slumping by 7.09 per cent.

The Chittagong Stock Exchange (CSE) also closed flat with the Selective Categories Index lost slightly by 5.25 points to close at 7,837.17 points.

Losers beat gainers 126 to 66, with 12 issues remaining unchanged on the port city bourse that traded 16.81 million shares and mutual fund units, turnover value of BDT 543.55 million.

 
BBN/BB/AD/04June-13-5.30pm (BST).

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