Dhaka stocks close steady
Tuesday, 24 March 2009
FE Report
Dhaka stocks closed steady in the heavily fluctuating market Monday amid decrease in turnover.
Trading at the Dhaka Stock Exchange (DSE) seesawed throughout the session and that has become an almost common phenomenon over the last two weeks.
The benchmark index DSE General Index (DGEN) began the day with a gain of over 26 points, but closed 3.69 points up to 2594.25.
The power issues shined and the banking stocks posted a moderate rise on the day, stockbrokers say.
"The investors started to pick up stocks that were based on sound fundamentals indicating good sign for the market," said Iftikhar-uz-Zaman, general manager of the state-owned Investment Corporation of Bangladesh (ICB).
A capital market expert, however, said fluctuation in the share prices meant that the investors felt discomfort over the market's behaviour.
The All Shares Price Index (DSI) ended at 2147.71 with a slight drop of 0.45 points and the DSE-20 blue chip index finished at 2050.37 with a loss of 9.12 points.
The turnover declined to Tk 4.17 billion against previous day's Tk 5.67 billion. The market capitalisation stood at Tk 1.04 billion.
Out of a total of 249 issues traded, 85 gained, 159 declined and five remained unchanged.
Summit Power was the top turnover leader with shares worth Tk 308.95 million traded.
Other turnover leaders were Beximco, BSRM Steels Limited, Beximco Pharma, S Alam Cold Rolled Steel Mills Limited, Power Grid, Aftab Automobiles, Eastern Housing Limited, Titas Gas and DESCO.
The day's top gainers were BSRM Steels Limited, Mithun Knitting, Bangla Process, Aftab Automobiles, AB Bank, EBL, Sonargaon Textiles, DESCO, Bangas and S Alam Cold Rolled Steels Mills Limited.
The day's top losers were Eastland Insurance, Kohinoor Chemicals, Alamin Chemical, Desh Garments, TBL, Monno Ceramic, Padma Print, Jamuna Oil, Safko Spinning and Libra Infusion.
Dhaka stocks closed steady in the heavily fluctuating market Monday amid decrease in turnover.
Trading at the Dhaka Stock Exchange (DSE) seesawed throughout the session and that has become an almost common phenomenon over the last two weeks.
The benchmark index DSE General Index (DGEN) began the day with a gain of over 26 points, but closed 3.69 points up to 2594.25.
The power issues shined and the banking stocks posted a moderate rise on the day, stockbrokers say.
"The investors started to pick up stocks that were based on sound fundamentals indicating good sign for the market," said Iftikhar-uz-Zaman, general manager of the state-owned Investment Corporation of Bangladesh (ICB).
A capital market expert, however, said fluctuation in the share prices meant that the investors felt discomfort over the market's behaviour.
The All Shares Price Index (DSI) ended at 2147.71 with a slight drop of 0.45 points and the DSE-20 blue chip index finished at 2050.37 with a loss of 9.12 points.
The turnover declined to Tk 4.17 billion against previous day's Tk 5.67 billion. The market capitalisation stood at Tk 1.04 billion.
Out of a total of 249 issues traded, 85 gained, 159 declined and five remained unchanged.
Summit Power was the top turnover leader with shares worth Tk 308.95 million traded.
Other turnover leaders were Beximco, BSRM Steels Limited, Beximco Pharma, S Alam Cold Rolled Steel Mills Limited, Power Grid, Aftab Automobiles, Eastern Housing Limited, Titas Gas and DESCO.
The day's top gainers were BSRM Steels Limited, Mithun Knitting, Bangla Process, Aftab Automobiles, AB Bank, EBL, Sonargaon Textiles, DESCO, Bangas and S Alam Cold Rolled Steels Mills Limited.
The day's top losers were Eastland Insurance, Kohinoor Chemicals, Alamin Chemical, Desh Garments, TBL, Monno Ceramic, Padma Print, Jamuna Oil, Safko Spinning and Libra Infusion.