Dhaka, Bangladesh (BBN)– Bangladesh’s stocks edged lower for the second running session on Thursday with turnover dipped to 6-week low on the major bourse as the investors followed cautious stance.
DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down further by 16.04 points or 0.31 percent to close at 5,154.10 points amid volatile trading throughout the session.
The other two indices also closed in the red. The DS30, comprising blue chips lost 5.32 points or 0.27 percent to close at 1,943.67 points. The DSE Shariah Index shed 4.30 points or 0.35 percent to close at 1,216.23 points.
The total turnover on DSE came down below BDT 6.0 billion and amounted to BDT 5.72 billion, which was 20.77 percent lower compared to previous session’s value of BDT 7.22 billion.
The losers took a strong lead over the gainers as out of 303 issues traded, 139 declined, 118 advanced and 46 remained unchanged on the DSE floor.
MJL BD was the most traded stock with shares worth BDT 416.89 million changing hands followed by SPCL, IDLC Finance, KPCL and RSRM Steels.
Shahjibazar Power Company was the day’s highest gainer for the second session, posting a rise of 9.94 percent while Rahim Textile was the day’s worst loser, slumping by 12.43 percent.
The port city bourse, Chittagong Stock Exchange (CSE) also declined for the second day with its Selective Categories Index – CSCX – lost 29.99 points to close at 9,684.63 points.
Losers beat gainers 129 to 66, with 26 issues remaining unchanged at the port city bourse that traded 11.18 million shares and mutual fund units, turnover value of BDT 505.98 million.
BBN/SSR/AD-23Oct14-6:01pm (BST)
