Bangladesh’s stocks down amid low turnover

Last updated: June 30, 2013

Dhaka, Bangladesh (BBN): The Bangladesh’s stocks witnessed downward trend on Sunday, the first session of the week with turnover declined further as investors went for selling spree.

The General Index of the Dhaka Stock Exchange (DGEN) ended at 4,385.76 points, shedding 39.70 points or 0.89 per cent.

The other two indices also ended in red --- the DSEX went down by 44.51 points or 1.07 per cent to close at 4,104.64 points while the blue chip index DS30 lost 15.00 points or 0.96 per cent to close at 1,532.54 points.

The total market turnover of DSE stood at BDT 5.68 billion, a decrease of 11.80 per cent from previous session’s value of BDT 6.44 billion.

The losers took a modest lead over the gainers as out of 286 issues traded, 161 declined, 105 advanced and 20 remained unchanged in the primer bourse.

Meghna Petroleum became the top traded stocks with shares worth BDT 399.85 million changing hands.

JMI Syringes and Medical Devices continued the day’s highest gainer, posting a rise of 9.84 per cent while Eastern Housing was the day’s worst loser, slumping by 9.96 per cent.

The Chittagong Stock Exchange (CSE) also ended lower with the Selective Categories Index lost 80.64 points to close at 8,070.48 points.

Losers beat gainers 139 to48, with seven issues remaining unchanged on the port city bourse that traded 11.38 million shares and mutual fund units, turnover value of BDT 811.91 million.

BBN/BB/AD/30Jun-13-4.05pm (BST).

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