DGEN reaches new high in fluctuating mkt
Tuesday, 15 December 2009
FE Report
Dhaka stocks extended the rally in fluctuating market for the fourth straight session Monday with the benchmark index continues to set a new mark.
The market started positively, gaining 37 points within the first forty-five minutes. It lost track in the next one and a half hours, losing 32 points. Then it seesawed for the rest of the period before closing marginally higher at the end of the day.
The benchmark DSE General Index (DGEN) closed at 4452.19, which is a new high, with a gain of 13.69 points or 0.30 per cent.
The broader DSE All Shares Price Index (DSI) rose 8.76 points or 0.23 per cent to 3693.89 while the DSE-20 blue chip index shed 8.33 points or 0.32 per cent to 2547.08.
Gainers took lead over the losers, as out of 237 issues traded, 119 moved into the positive territory, 115 ended into negative and three remained unchanged.
The turnover came down to Tk 8.66 billion, down 15.2 per cent from the previous day's Tk 10.20 billion.
The Grameenphone gained for the second consecutive session with a rise of 2.56 per cent to close at Tk 176.00.
The banking sector fell 0.22 per cent, as most of the banks finished lower on profit taking. Majority of the non-banking financial institutions (NBFIs) gained after losing the ground previous day. But the sector witnessed 0.22 per cent fall because of ICB's decline by 4.04 per cent.
The pharmaceutical sector rose 1.12 per cent, while the energy sector continued to fall. Cement and tannery sectors performed well. The general and life insurers gained 2.01 per cent and 0.11 per cent respectively.
Beximco Ltd, the flagship company of Beximco Group, topped the turnover list with shares worth Tk 473.79 million traded.
Other leading turnover leaders were AB Bank, Shahjalal Bank, NCC Bank, PLFSL, Lanka Bangla, Bay Leasing, GP, Marico and Titas Gas.
Dhaka stocks extended the rally in fluctuating market for the fourth straight session Monday with the benchmark index continues to set a new mark.
The market started positively, gaining 37 points within the first forty-five minutes. It lost track in the next one and a half hours, losing 32 points. Then it seesawed for the rest of the period before closing marginally higher at the end of the day.
The benchmark DSE General Index (DGEN) closed at 4452.19, which is a new high, with a gain of 13.69 points or 0.30 per cent.
The broader DSE All Shares Price Index (DSI) rose 8.76 points or 0.23 per cent to 3693.89 while the DSE-20 blue chip index shed 8.33 points or 0.32 per cent to 2547.08.
Gainers took lead over the losers, as out of 237 issues traded, 119 moved into the positive territory, 115 ended into negative and three remained unchanged.
The turnover came down to Tk 8.66 billion, down 15.2 per cent from the previous day's Tk 10.20 billion.
The Grameenphone gained for the second consecutive session with a rise of 2.56 per cent to close at Tk 176.00.
The banking sector fell 0.22 per cent, as most of the banks finished lower on profit taking. Majority of the non-banking financial institutions (NBFIs) gained after losing the ground previous day. But the sector witnessed 0.22 per cent fall because of ICB's decline by 4.04 per cent.
The pharmaceutical sector rose 1.12 per cent, while the energy sector continued to fall. Cement and tannery sectors performed well. The general and life insurers gained 2.01 per cent and 0.11 per cent respectively.
Beximco Ltd, the flagship company of Beximco Group, topped the turnover list with shares worth Tk 473.79 million traded.
Other leading turnover leaders were AB Bank, Shahjalal Bank, NCC Bank, PLFSL, Lanka Bangla, Bay Leasing, GP, Marico and Titas Gas.