Record broken in turnover, indices

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FE Report
The Dhaka Stock Exchange (DSE) passed the record-breaking week both in turnover and indices ending Thursday but profit taking took shines of its stocks amid ascending turnover.
During the week, the benchmark DSE General Index (DGEN) shed 36.46 points or 0.64 per cent to close at 5747.35.
The broader All Shares Price Index (DSI) lost 26.08 points or 0.56 per cent to 4728.76 while the DSE-20 blue chip index was up by 109.07 points or 3.57 per cent to 3164.43.
Banking sector -- one fourth of the prime bourse's market capitalisation --dominated the week despite sharp fall in the last trading session on profit taking.
The market saw higher trading activity in the week as the investors switched over from one stock to another, triggered by a major government decision that allowed the companies to convert the face value of their shares to Tk 10 each.
The approval has benefited more than two million retail investors, enabling them to buy shares that were previously too costly to afford - although the move hardly brings any fundamental changes into the companies balance sheets.
The week's turnover rose to a record high of Tk 18.83 billion, showing a robust increase of more than 28 per cent over the previous week's Tk 14 billion. Out of 268 issues traded, 131 ended positive, 121 negative, three remained unchanged and 13 were not traded.
Netting availed by the investors pushed the daily average turnover to an all time high of Tk 22.85 billion in the fourth session Wednesday when the DSE benchmark index reached to its second best high of 5811.73 from all time high of 5838.28 set on February 17.
Beximco Ltd, the flagship company of industrial conglomerate Beximco Group, was the week's top turnover leader with shares worth Tk 6.35 billion traded. It was the highest weekly turnover by a company in the DSE.
It retained the top position for the fifth straight week since it announced it will issue capital of Tk 91.88 million (consisting of 91,87,487 ordinary shares of Tk 10 each) for acquisition of approximately 100 per cent ordinary shares of Dhaka Shanghai Ceramics Limited (DSCL). The Securities and Exchange Commission approved the deal on Wednesday.
The week's other turnover leaders were Titas Gas, EXIM Bank, AB Bank, Summit Power, LankaBangla Finance, Southeast Bank, Premier Bank, One Bank and Social Islamic Bank.
Bank Asia was the week's largest gainer posting a rise of 25.0 per cent, followed by Janata Insurance 24.97 per cent, Glaxo SmithKline 20.01 per cent, One Bank 19.60 per cent, Federal Insurance 17.69 per cent, Shahjalal Islami Bank 17.14 per cent, Trust Bank 15.42 per cent, Padma Oil 14.77 per cent and Aftab Automobiles 14.22 per cent.
The week's top losers included Aramit, Renata EXIM Bank, IPDC, Alpha Tobacco, Gemini Sea Food, Grameen Mutual One, Square Textile, Information Services Network and Gulf Foods.