Bangladesh’s stocks return to red

Last updated: July 23, 2014

Dhaka, Bangladesh (BBN)-Bangladesh’s stocks returned to the red on Wednesday, after two session’s upturn as a section of investors’ booked short-term profit.

DSEX, the benchmark index of the Dhaka Stock Exchange (DSEX), ended at 4,388.68 points, shedding 35.92 points or 0.81 percent.

The DS30, comprising blue chips lost 16.02 points or 0.99 percent to close at 1,602.04 points.

The DSES declined 6.57 points or 0.66 percent to close at 993.24 points.

DSE turnover came down to BDT 3.18 billion, registering a decline of 15.2 percent over the previous session’s value.

Out of 297 issues traded, 90 advanced, 160 declined and 47 remained unchanged on the DSE floor.

Beximco Limited was the most traded stock for the ninth sessions with shares worth BDT 600.67 million changing hands followed by GP, Lafarge Surma Cement, Square Pharma and Shahjibazar Power.

ICB First NRB Mutual Fund was the day’s highest gainer, posting a rise of 8.85 percent while Beximco was the day’s worst loser, slumping by 8.17 percent.

The port city bourse, Chittagong Stock Exchange (CSE), also ended lower with its Selective Categories Index – CSCX – lost 67.74 points to close at 8,321.07 points.

Losers beat gainers 118 to 49, with 37 issues remaining unchanged at the port city bourse that traded 15.82 million shares and mutual fund units, turnover value of BDT 347.87 million.

BBN/BB/JF-23July14-2:45pm (BST)

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