Bangladesh’s stocks end inch up amid volatility

Last updated: April 27, 2015

Dhaka, Bangladesh (BBN)–Bangladesh’s stocks posted marginal gain on Monday, after previous session’s 21-month biggest fall as investors took position on lucrative stocks.
The market opened with a positive note, which continued till close the session amid choppy trading.
DSEX, the prime index of the DSE, went up by 24.00 points or 0.58 percent to close the session at 4,118.48 points.
DSEX lost around 278 points or 6.47 percent in the last five straight sessions.
The two other indices also closed in positive zone.
The DS30 index, comprising blue chips gained 9.65 points or 0.61 percent to close at 1,567.79 points.
The DSE Shariah Index (DSES) rose 9.29 points or 0.20 percent to close at 1,013.63 points.
However, trading at DSE remained sluggish.
The total turnover came down to BDT 3.23 billion, which was 5.27 percent lower over the previous session’s value of BDT 3.41 billion.

The gainers took a lead over the losers, as out of 308 issues traded, 137 advanced, 134 declined and 37 remained unchanged on DSE floor.
BSRM, which made debut on Monday, was the most traded stock with shares worth BDT 444.12 million changing hands followed by United Power, MJL BD, ACI and KPCL.
Gemini Sea Food was the day’s top gainer, posting a rise of 8.59 percent while Samata Leather Complex was the day’s worst loser, plunging by 7.69 percent.
The port city bourse, Chittagong Stock Exchange (CSE), also closed in positive zone after five session’s fall with its Selective Categories Index – CSCX – gained 46.70 points to close at 7,694.79 points.
Losers beat gainers 102 to 94, with 20 issues remaining unchanged at the port city bourse that traded 11.91 million shares and mutual fund units, turnover value of BDT 420.42 million.

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