Bangladesh’s stocks close lower amid profit taking

Last updated: May 21, 2013

Dhaka, Bangladesh (BBN): The markets ended lower on Tuesday, breaking three sessions gaining streak as most investors went for profit booking from their previous purchase.

The General Index of the Dhaka Stock Exchange (DGEN) ended at 4,047.23 points, losing 49.52 points or 1.20 per cent.

The other two indices also ended in red --- the DSEX went down by 69.76 points or 1.78 per cent to close at 3,832.62 while the blue chip index DS30 lost 12.73 points or 0.89 per cent to close at 1,407.62 points.

Total turnover at DSE stood at BDT 4.17 billion, down by 11.27 per cent over the previous session’s value.

Losers took a strong lead over the gainers as out of 277 issues traded at DSE, 235 declined, 34 advanced and eight remained unchanged.

Orion Phrama was the most traded stock of the day with shares worth BDT 259.06 million changing hands. Unique Hotel and Resorts, United Airways, BSCCL and Summit Purbanchol Power were the next popular stocks.

Aamra Technologies was the day’s highest gainer, posting a rise of 9.16 per cent while GBB Power Company was the day’s worst loser, slumping by 13.88 per cent following its price adjustment after record date.

The Chittagong Stock Exchange (CSE) also ended lower, with the Selective Categories Index lost 106.11 points to close at 7,581.41 points.

Losers beat gainers by 166 to 27, with five issues remaining unchanged on the port city bourse that traded 14.59 million shares and mutual fund units, generating a value of BDT 446.40 million.

BBN/BB/AD/21May-13-5.30pm (BST).

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