Bangladesh’s stocks end lower amid low turnover

Last updated: April 21, 2013

Dhaka, Bangladesh (BBN): Stock prices on the bourses ended lower on Sunday with turnover declined further as cautious investors sold shares amid gloomy political and economic outlook.

The General Index of the Dhaka Stock Exchange (DGEN) came down below 3,700 points mark again after two sessions, losing 40.50 points or 1.09 per cent to close at 3,666.98.

The DSEX went down by 46.12 points or 1.29 per cent to close at 3,525.14. The DS30 also lost 15.41 points or 1.16 per cent to close at 1,306.57.

The turnover on the premier bourse stood at BDT 1.77 billion, down by 11.94 per cent from previous session’s BDT 2.01 billion.

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

New comer Bengal Windsor Thermoplastic was the most traded stocks on the day with shares worth BDT 150.53 million changing hands. Orion Pharma, Olympic Industries, United Airways and Summit Purbanchol Power were the day’s next popular stocks.

IBN Sina was the day’s highest gainer, posting a rise of 12.91 per cent following its corporate declaration of 35 per cent dividend while Phoenix Finance was the day’s worst loser, slumping by 21.59 per cent following its price adjustment after record date.

The Chittagong Stock Exchange (CSE) also closed lower with the Selective Categories Index lost 42.38 points to close at 7,007.27 points.

Losers beat gainers 135 to 36 with six issues remaining unchanged in the port city bourse that traded 6.56 million shares and mutual fund units on a value of BDT 207.80 million.

BBN/BB/AD/21April-13-3.40pm (BST).

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