Bangladesh’s stocks edge higher amid low turnover

Last updated: November 11, 2014


Dhaka, Bangladesh (BBN)-Bangladesh’s stocks edged marginally higher on Tuesday after two sessions’ fall with turnover falling further as the investors remained followed cautious stance.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 20.07 points or 0.40 percent to close at 4,934.78 points.
The other two indices also closed in the positive zone.
The DS30, comprising blue chips gained 15.31 points or 0.84 percent to close at 1,822.76 points.
The DSE Shariah Index rose 8.67 points or 0.75 percent to close at 1,156.67 points.
The total turnover on DSE came down to BDT 6.68 billion, registering a decline of 5.78 percent over the previous day’s turnover of BDT 7.09 billion.
The gainers took a marginal lead over the losers as out of 303 issues traded, 152 advanced, 111 declined 40 remained unchanged on the DSE floor.
The new issue – Western Marine Shipyard – was the most traded stock for the seventh session with shares worth BDT 446.10 million changing hands followed by BEDL, The Peninsula Chittagong, Keya Cosmetics and Saif Powertec.
Sonali Anash was the day’s highest gainer, posting a rise of 9.95 percent while Tallu Spinning Mills was the day’s worst loser, slumping by 33.46 percent following its no dividend declaration.
The port city bourse, Chittagong Stock Exchange (CSE), also closed positive with its Selective Categories Index – CSCX – gained marginally by 14.20 points to close at 9,287.39 points.
Gainers beat losers 97 to 94, with 34 issues remaining unchanged at the port city bourse that traded 15.76 million shares and mutual fund units, turnover value of BDT 664.25 million.
BBN/BB/JF-11Nov14-4:00pm (BST)

Bangladesh Business News
BBN is the country's oldest Business News and Analysis platform, run by veteran business journalist and analyst that you can rely upon.
© Copyright 2024 - BBN - All Rights Reserved
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram