Bangladesh’s stocks return to green after fifth session

Last updated: March 12, 2013

Dhaka, Bangladesh (BBN): Share prices on the bourses bounced back on Tuesday, breaking fifth session’s losing streak with declining turnover value amid nationwide strike.

The General Index of the Dhaka Stock Exchange ----DGEN---ended at 3,872.53 points after gaining 30.21 points or 0.78 per cent.

The DSE Broad Index (DSEX), the benchmark index of the DSE went up by 25.88 points or 0.68 per cent to close at 3,787.86 points. The DSE-30 Index (DS30) also advanced 12.27 points or 0.89 per cent to close at 1,387.84.

The turnover on the premier bourse stood at BDT 1.65 billion, down by 14.06 per cent from previous session’s value of BDT 1.92 billion.

Of the 266 issues traded on the DSE, 159 advanced, 80 declined and 27 remained unchanged.

Unique Hotel and Resorts was the most traded stocks with shares worth BDT 210.73 million changing hands. Summit Pubanchol Power, Golden Harvest Agro, United Airways and Premier Cement were next popular stocks.

Singer BD was the day’s top gainer, posting a rise of 8.10 per cent while Summit Purbanchol Power Company was the day’s worst loser, plunging by 9.59 per cent.

Newly listed three other issues---Golden Harvest Agro, Global heavy Chemical and Premier Cement continued to see correction, losing 8.31 per cent, 5.27 per cent and 4.91 per cent respectively.

The Chittagong Stock Exchange (CSE) also edged higher after fifth session with the Selective Categories Index of the CSE gained 6.76 points to close at 7,454.49 points.

Of the 161 issues traded on the port city bourse, 84 advanced, 61 declined and 16 remained unchanged. A total of 5.31 million share and mutual fund units were traded, generating BDT 205.16 million in turnover.

BBN/BB/AD/12Mar-13-4.15pm (BST).

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