Bangladesh’s stocks close flat amid high turnover

Last updated: July 8, 2013

Dhaka, Bangladesh (BBN): Bangladesh’s stocks closed flat amid volatile trading on Monday as most investors’ followed ‘go slow’ strategy.

The General Index of the Dhaka Stock Exchange (DGEN) ended at 4,559.38, gaining only 0.71 points or 0.01 per cent.

The DSEX, however, declined 14.86 points or 0.34 per cent to close at 4,263.23 points while the blue chip index DS30 gained 1.17 points or 0.07 per cent to close at 1,600.32 points.

Total turnover at DSE stood at BDT 9.91 billion, an increase of 15.50 per cent over the previous session’s value.

Out of 290 issues traded, 173 declined, 96 advanced and 21 remained unchanged in the primer bourse.

United Airways became the top turnover leaders with shares worth Tk 871.96 million changing hands followed by Olympic Industries, BSCCL, Padma Oil and Meghna Petroleum.

JMI Syringes and Medical Devices continued to dominate the top gainer chart for the several sessions, posting a rise of 9.96 per cent while Third ICB was day’s worst loser, slumping by 7.74 per cent.

The Chittagong Stock Exchange (CSE) also ended flat with the Selective Categories Index declined 13.78 points to close at 8,402.07 points.

Losers beat gainers 137 to 69, with eight issues remaining unchanged on the port city bourse that traded 19.06 million shares and mutual fund units, turnover value of BDT 732.17 million.
 
BBN/BB/AD/08Jul-13-4.10pm (BST).

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