Banks lead DSE rally
Monday, 13 April 2009
FE Report
Dhaka stocks led by banks and non-banking financial institutions (NBFIs) experienced a moderate gain Sunday with all the three indices recording a rise.
The benchmark DGEN gained 29.11 points, DSE-20 37.45 points and all shares price index 26.99 points to close at 2437.78, 1907.21 and 2028.87 respectively.
Total turnover increased slightly and stood at Tk 3.90 billion or US$ 56.7 million with 4.0 per cent rise against that of the previous trading day.
Beximco Limited and Summit Power were the top two turnover leaders with Tk 392.82 million and Tk 245.01 million traded respectively.
S Alam Steels, BD Online, AB Bank, Shinepukur Ceramics, AIMS Mutual Fund, DESCO, Uttara Bank and Titas Gas were the other turnover leaders.
According to an analysis of the EPL, the index witnessed a bit of fluctuation during the session in tandem with the recent price movement pattern.
In the opening 30 minutes the benchmark index gained more than 30 points.
However, in the next 90 minutes the index lost about 25 points. After that the index started to bounce back as it regained about 20 points in the next one hour. The gain continued through the final hour. At close of trading DGEN gained 29 points.
EPL said all banks gained by large margins probably boosted by the news about impressive gains in operating income by the banks.
Most of the banks gained over 5.0 per cent with many gaining more than 10 per cent.
Pubali Bank which witnessed a 20.7 per cent fall on post record date price adjustment for its stocks. However, the price adjustment suggests that the bank actually gained 3.1 per cent.
On its debut trading Bay Leasing gained 684.75 per cent on its face value. The non-banking financial institution rose to Tk 1250.00 per share but closed at Tk 784.75 per share. A total of 93,000 shares of Bay Leasing worth Tk 77.52 million were traded on the debut day.
Almost all mutual funds lost. Grameen Scheme Two and AIMS 1st MF lost 4.5 per cent and 4.9 per cent respectively.
Most of the pharmaceutical companies lost.
In the cement sector, Heidelberg Cement gained 1.1 per cent while Lafarge Surma Cement gained 3.9 per cent.
In the Fuel & Power sector, most of the companies lost. Titas Gas gained 1.1 per cent, Power Grid lost 2.5 per cent while DESCO and Summit Power lost 1.1 per cent and 1.5 per cent respectively.
Dhaka stocks led by banks and non-banking financial institutions (NBFIs) experienced a moderate gain Sunday with all the three indices recording a rise.
The benchmark DGEN gained 29.11 points, DSE-20 37.45 points and all shares price index 26.99 points to close at 2437.78, 1907.21 and 2028.87 respectively.
Total turnover increased slightly and stood at Tk 3.90 billion or US$ 56.7 million with 4.0 per cent rise against that of the previous trading day.
Beximco Limited and Summit Power were the top two turnover leaders with Tk 392.82 million and Tk 245.01 million traded respectively.
S Alam Steels, BD Online, AB Bank, Shinepukur Ceramics, AIMS Mutual Fund, DESCO, Uttara Bank and Titas Gas were the other turnover leaders.
According to an analysis of the EPL, the index witnessed a bit of fluctuation during the session in tandem with the recent price movement pattern.
In the opening 30 minutes the benchmark index gained more than 30 points.
However, in the next 90 minutes the index lost about 25 points. After that the index started to bounce back as it regained about 20 points in the next one hour. The gain continued through the final hour. At close of trading DGEN gained 29 points.
EPL said all banks gained by large margins probably boosted by the news about impressive gains in operating income by the banks.
Most of the banks gained over 5.0 per cent with many gaining more than 10 per cent.
Pubali Bank which witnessed a 20.7 per cent fall on post record date price adjustment for its stocks. However, the price adjustment suggests that the bank actually gained 3.1 per cent.
On its debut trading Bay Leasing gained 684.75 per cent on its face value. The non-banking financial institution rose to Tk 1250.00 per share but closed at Tk 784.75 per share. A total of 93,000 shares of Bay Leasing worth Tk 77.52 million were traded on the debut day.
Almost all mutual funds lost. Grameen Scheme Two and AIMS 1st MF lost 4.5 per cent and 4.9 per cent respectively.
Most of the pharmaceutical companies lost.
In the cement sector, Heidelberg Cement gained 1.1 per cent while Lafarge Surma Cement gained 3.9 per cent.
In the Fuel & Power sector, most of the companies lost. Titas Gas gained 1.1 per cent, Power Grid lost 2.5 per cent while DESCO and Summit Power lost 1.1 per cent and 1.5 per cent respectively.