Benchmark DGEN crosses 3000-mark after 3 months
Monday, 6 October 2008
FE Report
The benchmark DGEN crossed 3000-mark Sunday after more than three months with stocks rallying on the DSE, sparred by the strong buying support from the individual investors.
After a long nine-day break on account of Sheb-e-Qadr and Eid-ul-Fitr vacation, the Dhaka Stock Exchange (DSE) opened with upbeat mood from the very outset of the trade and finished with the same mood as well until close of the trade.
Issues of power and energy, leasing and Beximco Group led the rally at the prime bourse.
Share prices of most issues gained on the day as of 222 issues traded, 137 advanced, 80 declined and five remained unchanged.
The market barometers - the benchmark DSE General Index (DGEN) and DSE-20 index comprising blue chips climbed 34.55 points and 20.40 points to close at 3001.37 and 2486.51 respectively.
The All Shares Price Index (DSI), however, fell 11.57 points to end at 2486.87 because of price adjustment of the Rupali Bank Limited as the company went ex-dividend.
The Rupali Bank had the biggest fall of 55.71 per cent on the day.
The individual investors dominated the market while the participation of the institutional investors was negligible on the day, sources in the prime bourse said.
Meanwhile, all indices on the Chittagong Stock Exchange ended upbeat paced by huge gains in energy, non-bank financial institutions and pharmaceuticals shares.
The CSCX or selective categories index increased 70.73 points or 1.20 percent to finish at 5936.44.
The CASPI or all share price index closed at 9118.08, gaining 121.40 points or 1.34 percent while the bourse's blue chip, CSE-30 rose 48.45 points or 0.61 per cent to 7910.97.
The DSE was in overenthusiastic mood after a long festival vacation as the investors poured their funds on stocks to book profit in future, according to the market operators.
But the concentration of the investors centered at some selective scrips, signaling unhealthy sign of the market, an expert said.
The day's total turnover on DSE, however, came down to Tk 4.50 billion against the previous Tk 4.79 billions. The market capitalisation remained steady at Tk 1.03 trillion.
Share prices of Beximco Ltd continued to dominate the Dhaka market. Its share prices rose 8.82 per cent to close at Tk 234.20 per share, making it top turnover leader for the third consecutive day with shares worth Tk 412.31 million traded.
Beximco Pharma was the second top turnover leader with shares worth Tk 280.22 million changing hands. Its share prices rose 5.64 per cent to finish at Tk 144.20 per share.
Other turnover leaders were Summit Power, Titas Gas, ACI Limited, Lankabangla Finance Limited, GrameenS2, Keya Cosmetics, Desco and Power Grid.
Stock prices of Golden Son had the biggest gain of 20.00 per cent on the rumour that the engineering company might expand its business, market sources said.
Alltex Industries Ltd was the second top gainer with rise of 19.41 per cent in its share prices, followed by Excelsior Shoes of 18.88 per cent, Rangpur Foundry 17.79 per cent, BD Thai Aluminum 17.23 per cent and BD Finance 16.93 per cent.
The benchmark DGEN crossed 3000-mark Sunday after more than three months with stocks rallying on the DSE, sparred by the strong buying support from the individual investors.
After a long nine-day break on account of Sheb-e-Qadr and Eid-ul-Fitr vacation, the Dhaka Stock Exchange (DSE) opened with upbeat mood from the very outset of the trade and finished with the same mood as well until close of the trade.
Issues of power and energy, leasing and Beximco Group led the rally at the prime bourse.
Share prices of most issues gained on the day as of 222 issues traded, 137 advanced, 80 declined and five remained unchanged.
The market barometers - the benchmark DSE General Index (DGEN) and DSE-20 index comprising blue chips climbed 34.55 points and 20.40 points to close at 3001.37 and 2486.51 respectively.
The All Shares Price Index (DSI), however, fell 11.57 points to end at 2486.87 because of price adjustment of the Rupali Bank Limited as the company went ex-dividend.
The Rupali Bank had the biggest fall of 55.71 per cent on the day.
The individual investors dominated the market while the participation of the institutional investors was negligible on the day, sources in the prime bourse said.
Meanwhile, all indices on the Chittagong Stock Exchange ended upbeat paced by huge gains in energy, non-bank financial institutions and pharmaceuticals shares.
The CSCX or selective categories index increased 70.73 points or 1.20 percent to finish at 5936.44.
The CASPI or all share price index closed at 9118.08, gaining 121.40 points or 1.34 percent while the bourse's blue chip, CSE-30 rose 48.45 points or 0.61 per cent to 7910.97.
The DSE was in overenthusiastic mood after a long festival vacation as the investors poured their funds on stocks to book profit in future, according to the market operators.
But the concentration of the investors centered at some selective scrips, signaling unhealthy sign of the market, an expert said.
The day's total turnover on DSE, however, came down to Tk 4.50 billion against the previous Tk 4.79 billions. The market capitalisation remained steady at Tk 1.03 trillion.
Share prices of Beximco Ltd continued to dominate the Dhaka market. Its share prices rose 8.82 per cent to close at Tk 234.20 per share, making it top turnover leader for the third consecutive day with shares worth Tk 412.31 million traded.
Beximco Pharma was the second top turnover leader with shares worth Tk 280.22 million changing hands. Its share prices rose 5.64 per cent to finish at Tk 144.20 per share.
Other turnover leaders were Summit Power, Titas Gas, ACI Limited, Lankabangla Finance Limited, GrameenS2, Keya Cosmetics, Desco and Power Grid.
Stock prices of Golden Son had the biggest gain of 20.00 per cent on the rumour that the engineering company might expand its business, market sources said.
Alltex Industries Ltd was the second top gainer with rise of 19.41 per cent in its share prices, followed by Excelsior Shoes of 18.88 per cent, Rangpur Foundry 17.79 per cent, BD Thai Aluminum 17.23 per cent and BD Finance 16.93 per cent.