Bangladesh’s stocks edge down with low turnover

Last updated: April 22, 2013

Dhaka, Bangladesh (BBN): Stock prices edged down marginally on Monday with turnover dipping further as most investors sold shares amid political worries.

Amid volatile trading session, the General Index of the Dhaka Stock Exchange (DGEN) ended at 3,660.87 points, losing 6.10 points or 0.16 per cent.

The DSEX went down by 9.17 points or 0.26 per cent to close at 3,515.96. The DS30 also declined 0.98 points or 0.07 per cent to close at 1,305.58.

Amid low participation, the turnover on the premier bourse declined further to BDT 1.33 billion, down by 31.63 per cent from previous session’s value of BDT 1.77 billion.

Of the 272 issues traded at the DSE, 68 advanced, 185 declined and 19 remained unchanged.

RN Spinning was the most traded stocks on the day with shares worth BDT 108.66 million changing hands.

ACI Formulation was the day’s highest gainer, posting a rise of 9.89 per cent while Global Insurance was the day’s worst loser, slumping by 13.16 per cent following its price adjustment after record date.

The Chittagong Stock Exchange (CSE) also ended lower with the Selective Categories Index lost 55.99 points to close at 6,940.37 points.

Losers beat gainers 122 to 43 with 25 issues remaining unchanged in the port city bourse that traded 6.11 million shares and mutual fund units on a value of BDT 175.99 million.

BBN/BB/AD/22April-13-5.55pm (BST).

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