DGEN again below 2500-mark
Thursday, 18 December 2008
FE Report
Dhaka stocks slipped for the third straight session Wednesday with the main index DGEN falling below the 2500-mark
again.
Trading at the Dhaka Stock Exchange (DSE) began on a downbeat note as the DGEN lost over 37.48 points in the first thirty minutes due to price adjustment of four issues that went ex-dividend. Later, it seesawed until end of trading.
The benchmark DSE General Index (DGEN), the All Shares Price Index (DSI) and the DSE20 (DS20) blue chip index shed 27.07 points, 22.24 points and 13.07 points to close at 2480.62, 2051.47 and 2064.87 respectively.
Prices of majority shares, however, posted moderate rise on the day. Of the total 219 issues traded, 109 advanced, 96 declined and 14 remained unchanged.
The National Polymer's share price dropped 49 per cent, followed by Social Investment Bank Limited with 37.48 per cent, Eastern Bank Limited 35.14 per cent and Titas Gas 4.29 per cent because of the price adjustment.
"Price correction of the four companies affected the market somewhat. But more or less the market behaved relatively better today in the persistently bearish market," said Arif Khan, general manager of the IDLC Finance Limited.
"I think the market's overall tone is positive as share prices of most issues saw moderate gain while some issues slightly fell, but we'll have to see how things take shape tomorrow (Thursday)," he added.
The day's total turnover remained steady at Tk 1.09 billion. The market capitalisation declined to Tk 953.51 billion from the previous trading day's Tk 961.20 billion.
Titas Gas was the top turnover leader with shares worth Tk 94.82 million traded on the day.
Dhaka stocks slipped for the third straight session Wednesday with the main index DGEN falling below the 2500-mark
again.
Trading at the Dhaka Stock Exchange (DSE) began on a downbeat note as the DGEN lost over 37.48 points in the first thirty minutes due to price adjustment of four issues that went ex-dividend. Later, it seesawed until end of trading.
The benchmark DSE General Index (DGEN), the All Shares Price Index (DSI) and the DSE20 (DS20) blue chip index shed 27.07 points, 22.24 points and 13.07 points to close at 2480.62, 2051.47 and 2064.87 respectively.
Prices of majority shares, however, posted moderate rise on the day. Of the total 219 issues traded, 109 advanced, 96 declined and 14 remained unchanged.
The National Polymer's share price dropped 49 per cent, followed by Social Investment Bank Limited with 37.48 per cent, Eastern Bank Limited 35.14 per cent and Titas Gas 4.29 per cent because of the price adjustment.
"Price correction of the four companies affected the market somewhat. But more or less the market behaved relatively better today in the persistently bearish market," said Arif Khan, general manager of the IDLC Finance Limited.
"I think the market's overall tone is positive as share prices of most issues saw moderate gain while some issues slightly fell, but we'll have to see how things take shape tomorrow (Thursday)," he added.
The day's total turnover remained steady at Tk 1.09 billion. The market capitalisation declined to Tk 953.51 billion from the previous trading day's Tk 961.20 billion.
Titas Gas was the top turnover leader with shares worth Tk 94.82 million traded on the day.