Bangladesh’s stocks nosedive again

Last updated: March 31, 2013

Dhaka, Bangladesh (BBN): After a positive session, share prices on the bourses plunged again on Sunday with turnover improved slightly from previous session’s two-month lowest value.

The General Index of the Dhaka Stock Exchange (DGEN) ended at 3,722.40 points after losing 71.88 points or 1.89 per cent.

The DSE Broad Index (DSEX), the benchmark index of the DSE plummeted 91.61 points or 2.48 per cent to close at 3,590.04 points. The DSE-30 Index (DS30) also went down by 25.63 points or 1.87 per cent to close at 1,340.15.

The turnover on the premier bourse, however, improved to BDT 1.67 billion, up by 43.94 per cent from previous session’s two-month low of BDT 1.16 billion.
Of the 263 issues traded at the DSE, 40 advanced, 198 declined and 25 remained unchanged.

Newly listed Orion Pharma was the most traded stocks on the day with shares worth BDT 125.91 million changing hands. Summit Purbanchol Power, Unique Hotel and Resorts, Premier Cement and Lafarge Surma Cement were next popular stocks.

Prime Life Insurance was the day’s highest gainer, posting a rise of 4.91 per cent while Dhaka Bank was the day’s worst loser, slumping by 21.98 per cent following its price adjustment after record date.

The Chittagong Stock Exchange (CSE) also closed negative with the Selective Categories Index of the CSE plunged 150.22 points or 2.07 per cent to close at 7,098.16 points.

Losers beat gainers 150 to 14 with 13 issues remaining unchanged on the port city bourse that traded 6.55 million share and mutual fund units, generating BDT 217.43 million in turnover.

BBN/BB/AD/31Mar-13-4.0pm (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