Subdued new year start for DSE

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FE Report
Dhaka stock exchange halted the trading of a Z-category share on Tuesday as the traders greeted the new year in a subdued mood with main index clocking a fall but the blue chips gaining some ground.
The DSE authorities ordered the suspension of trading of BD Zipper after the lowest category share soared 17.14 per cent to close at Tk10.25 on the day.
The suspension would remain pending "market enquiry by the DSE management," the authorities said in a statement.
Other Z-category issues--Excelsior Shoes, Mona Food and Wonderland Toys-also surged 16.26 per cent, 11.47 per cent and 10.00 per cent in a day dominated by losers.
The benchmark Dhaka Stock Exchange General Index (DGEN) and All Shares Price Index (DSI) shed 8.30 points and 6.30 points to end at 3008.91 and 2529.65 after starting the day in a festive mood.
Out of the 230 traded issues, only 82 gained, 136 declined and 12 remained unchanged.
Total turnover rose slightly to Tk1.32 billion from Sunday's Tk1.31 billion, with market capitalisation increasing to Tk 759.65 billion from Tk 742.19 billion.
The DSE-20 Index (DS20), comprising blue chips, however, gained 9.78 points to close at 2495.65.
Bangladesh Shipping Corporation surged an 11.22 per cent rise propelled by a news that the state-owned shipping company would float more shares for general public under 'repeat public offering' arrangement.
At present only 13 per cent shares of the company are being traded in the market.
The lone state-owned shipping company ended the day at Tk 1823.75 per share.
Square Pharmaceuticals topped the turnover list with shares worth Tk 134.11 million changing hands. The shares of the country's biggest pharmaceutical company rose 1.49 per cent to close at Tk 3737.00 per share.
The banking issues dominated the trading amid reports of their huge operating profits. The AB Bank led the trading with Tk 107.06 million followed by BRAC Bank with Tk 70.20 million and Prime Bank with Tk 62.91 million.
Anwar Galvanising was the top loser with 9.82 per cent fall, followed by Seventh ICB with 6.99 per cent, Apex Weaving with 6.36 per cent, Rahman Chemical with 5.88 per cent and Libra Infusion with 5.22 per cent declines.