Bangladesh’s stocks decline for third session

Last updated: May 26, 2013

Dhaka, Bangladesh (BBN): The bourses witnessed sharp decline on Sunday with declining turnover value as investors abstained from fresh investments amid countrywide hartal.

The General Index of the Dhaka Stock Exchange (DGEN) ended at 3,895.01 points after shedding 79.13 points or 1.99 per cent.

The DSEX went down by 78.10 points or 2.07 per cent to close at 3,683.98 while the blue chip index DS30 declined 28.94 points or 2.08 per cent to close at 1,358.58 points.

Total turnover value on DSE stood at BDT 1.65 billion, going down significantly by 47.1 per cent from the previous session’s value.

Losers took a strong lead over the gainers as out of 272 issues traded at DSE, 228 declined, 29 advanced and 15 remained unchanged.

United Airways was the most traded stock of the day with shares worth BDT 92.95 million changing hands.

CVO Petrochemicals Refinery was the day’s highest gainer, posting a rise of 7.94 per cent while CMCK Kamal was the day’s worst loser, slumping by 20.24 per cent following its price adjustment after record date.

The Chittagong Stock Exchange (CSE) also went down sharply with the Selective Categories Index lost 149.27 points to close at 7,260.86 points.

Losers beat gainers 168 to 11 with seven issues remaining unchanged on the port city bourse that traded 7.58 million shares and mutual fund units on a value of BDT 193.10 million.
 

BBN/BB/AD/26May-13-4.30pm (BST).

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