Bangladesh’s stocks edge down amid choppy trading

Last updated: November 10, 2014

Dhaka, Bangladesh (BBN)-Bangladesh’s stocks closed lower for the second running session on Monday amid choppy trading as the investors remained followed cautious stance.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), ended at 4,914.71 points, shedding another 23.94 points or 0.48 percent.

The other two indices also closed in the red.

The DS30, comprising blue chips lost 7.90 points or 0.43 percent to close at 1,807.45 points.

The DSE Shariah Index fell 9.85 points or 0.85 percent to close at 1,147.99 points.

DSE turnover came down to BDT 7.09 billion, registering a decline of 17.26 percent over the previous day’s turnover of BDT 8.57 billion.

The losers took a marginal lead over the gainers as out of 302 issues traded, 148 declined, 127 advanced and 27 remained unchanged on the DSE floor.

Western Marine Shipyard was the most traded stock for the sixth session with shares worth BDT 564.62 million changing hands followed by DESCO, BEDL, Keya Cosmetics and Lafarge Surma cement.

Orion Infusion was the day’s highest gainer, posting a rise of 9.93 percent while Western Marine Shipyard was the day’s worst loser, slumping by 9.96 percent.

The port city bourse, Chittagong Stock Exchange (CSE), also closed lower with its Selective Categories Index – CSCX – lost 48.85 points to close at 9,280.24 points.

Losers beat gainers 125 to 72, with 20 issues remaining unchanged at the port city bourse that traded 14.31 million shares and mutual fund units, turnover value of BDT 734.20 million.

BBN/BB/SS-10Nov14-3:15pm (BST)

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