Bangladesh’s stocks edge lower after two sessions

Last updated: April 4, 2013

Dhaka, Bangladesh (BBN): Stocks posted moderate loss on Thursday with turnover remained sluggish as most investors observed over the political developments.  

The General Index of the Dhaka Stock Exchange (DGEN) ended at 3,657.03 points after losing 16.46 points or 0.44 per cent.

The DSEX went down by 18.27 points or 0.51 per cent to close at 3,507.85. The DS30 also lost 8.80 points or 0.66 per cent to close at 1,310.96.

The total turnover at DSE remained low at BDT 1.45 billion, which is 0.4 per cent lower than previous session’s value.

Of the 265 issues traded at the DSE, 126 advanced, 116 declined and 23 remained unchanged.

Premier Cement was the most traded stocks on the day with shares worth BDT 80.48 million changing hands.

First Prime Mutual Fund was the day’s top gainer posting a rise of 8.87 per cent while Reliance Insurance was the day’s worst loser, slumping by 14.87 per cent following its price adjustment after record date.

The Chittagong Stock Exchange (CSE) also ended marginally lower with the Selective Categories Index lost 51.41 points or 0.53 per cent to close at 6,917.32 points.

Losers beat gainers 113 to 54 with 14 issues remaining unchanged on the port city bourse that traded 5.78 million shares and mutual fund units on a value of BDT 156.84 million.

BBN/BB/AD/April04-13-7pm (BST).

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