Asian Tiger Capital Partners mkt update on DSE
Wednesday, 2 February 2011
Feb 1, 2011
Overview:
The DGEN went down by 2.72% to close at 7280.98 points. The total transaction was worth BDT 9.38 bn.
Price of 20 Issues appreciated whereas 233 Issues declined and 2 others remained unchanged.
Events:
Upon resumption of trading, the market witnessed trading within a tight range between 7530 to 7460 points during the first hour before selling pressure dragged the Index down rather steeply. By the end of market closure the market had lost more than 200 points to close below the 7300 level.
Total transaction amounted to BDT 9.38bn today which is 12.9% lower than that of yesterday. For the first time in last four trading days the transaction amount had failed to cross the BDT 10bn mark.
Market witnessed selling pressure all across the board as none of the sectors ended in the green zone.
Heavy weight banking sector lost 2.4% today with only National Bank Limited ending as the sole gainer. NBFI, Insurance & Fuel and Power sector also lost 2.6%, 3.6% and 3.1% respectively. Power Grid was the top loser in the utility sector after its 2nd quarter EPS figure failed to meet investors' expectations.
Defensive sectors like Food and Pharma outperformed the market by losing 1.7% today.
Overview:
The DGEN went down by 2.72% to close at 7280.98 points. The total transaction was worth BDT 9.38 bn.
Price of 20 Issues appreciated whereas 233 Issues declined and 2 others remained unchanged.
Events:
Upon resumption of trading, the market witnessed trading within a tight range between 7530 to 7460 points during the first hour before selling pressure dragged the Index down rather steeply. By the end of market closure the market had lost more than 200 points to close below the 7300 level.
Total transaction amounted to BDT 9.38bn today which is 12.9% lower than that of yesterday. For the first time in last four trading days the transaction amount had failed to cross the BDT 10bn mark.
Market witnessed selling pressure all across the board as none of the sectors ended in the green zone.
Heavy weight banking sector lost 2.4% today with only National Bank Limited ending as the sole gainer. NBFI, Insurance & Fuel and Power sector also lost 2.6%, 3.6% and 3.1% respectively. Power Grid was the top loser in the utility sector after its 2nd quarter EPS figure failed to meet investors' expectations.
Defensive sectors like Food and Pharma outperformed the market by losing 1.7% today.