Bangladesh stocks slip
Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended their losing streak for the fourth sessions in a row on Wednesday with sluggish turnover as investors remained watchful amid no improvement in the political front.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 14.25 points or 0.30 percent to close at 4,681.53 points.
The two other indices also ended in red.
The DS30 index, comprising blue chips lost 11.26 points or 0.64 percent to close at 1,737.72 points.
The DSE Shariah Index (DSES) shed 4.07 points or 0.36 percent to close at 1,111.10 points.
Turnover on DSE remained sluggish and amounted to BDT 2.22 billion against BDT 2.21 billion in the previous session.
The gainers, however, took a modest lead over the losers as out of 308 issues traded, 156 advanced, 104 decline and 48 remained unchanged on the DSE floor.
Shahzibazar Power Company was the most traded stock with shares worth BDT 155.30 million changing hands followed by Lafarge Surma Cement, GP, Summit Alliance Port and SIBL.
The port city bourse, Chittagong Stock Exchange (CSE), however, closed in mixed with its Selective Categories Index – CSCX – gained 1.10 points to close at 8,722.99 points.
Gainers beat losers 107 to 89, with 32 issues remaining unchanged at the port city bourse that traded 6.12 million shares and mutual fund units, turnover value of BDT 227.49 million.
BBN/BB/AD-04Mar15-3:40pm (BST)