Bangladesh’s stocks close lower for 4th day

Last updated: July 6, 2014

Dhaka, Bangladesh (BBN)-Bangladesh’s stocks ended lower for the four consecutive days on Sunday with turnover dipping below six weeks low as investors continued in selling mood amid cautious stance.

DSEX, the key index of the Dhaka Stock Exchange (DSEX), ended at 4,411.15 points, losing 25.05 points or 0.56 percent amid volatile trading.

The DS30, comprising blue chips lost 9.63 points or 0.59 percent to close at 1,612.23 points.

The DSE Shariah Index (DSES) shed 5.13 points or 0.51 percent to close at 997.77 points.

DSE turnover came down to BDT 2.15 billion which was 18 percent lower from the previous session’s value.

It was also 6-week low turnover since BDT 1.82 billion on 25 May.

Out of 286 issues traded, 159 declined, 81 advanced and 46 remained unchanged on the DSE floor.

Beximco was the most traded stocks with shares worth BDT 181.72 million changing hands followed by Apollo Ispat, Generation Next Fashion, GP and Peninsula Chittagong.

BD Thai Aluminum was also the day’s highest gainer, posting a rise of 9.30 percent while National Life Insurance was the day’s worst loser, slumping by 27.51 percent.

The Chittagong Stock Exchange (CSE) closed lower with its Selective Categories Index – CSCX – lost 59.45 points to close at 8,403.78 points.

Losers beat gainers 124 to 44, with 21 issues remaining unchanged at the port city bourse that traded 6.20 million shares and mutual fund units, turnover value of BDT 192.87 million.

BBN/BB/AS-06July14-2:30pm (BST)

 

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