Bangladesh’s stocks rebound amid low turnover

Last updated: March 28, 2013

Dhaka, Bangladesh (BBN): Stocks on the both bourses---Dhaka Stock Exchange and Chittagong Stock Exchange rebounded after fourth session losing streak on Thursday with declining turnover value amid nationwide strike.

The General Index of the Dhaka Stock Exchange (DGEN) ended at 3,794.29 points after gaining 45.21 points or 1.20 per cent.

The DSE Broad Index (DSEX), the benchmark index of the DSE went up by 38.95 points or 1.06 per cent to close at 3,681.65 points. The DSE-30 Index (DS30) also advanced 13.10 points or 0.96 per cent to close at 1,365.78.

The turnover on the premier bourse stood at BDT 1.16 billion, down by 17.73 per cent from previous session’s BDT 1.41 billion. It was also 10-week lowest turnover since January 21 when it was recorded BDT 1.01 billion.

Of the 261 issues traded at the DSE, 213 advanced, 29 declined and 19 remained unchanged.

Newly listed Orion Pharma was the most traded stocks on the day with shares worth BDT 153.13 million changing hands.

First Lease International was the day’s highest gainer, posting a rise of 12.98 per cent while Active Fine was the day’s worst loser, slumping by 22.19 per cent.
The Chittagong Stock Exchange (CSE) also closed higher with the Selective Categories Index of the CSE rose 47.92 points to close at 7,248.39 points.

Gainers beat losers 127 to 28 with 14 issues remaining unchanged on the port city bourse that traded 5.41 million share and mutual fund units, generating BDT 187.11 million in turnover.

BBN/BB/AD/28Mar-13-4.10pm (BST).

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