Dhaka stocks decline as turnover steady
Monday, 17 March 2008
FE Report
Dhaka stocks declined Sunday amid a steady turnover as out of three market barometers, two declined and one gained slightly.
The two indices-Dhaka Stock Exchange (DSE) General Index (DGEN) and DSE-20 comprising blue chips-shed 0.02 points and 23.13 points to finish at 2969.47 and 2212.36 respectively.
However, the other barometer, All Shares Price Index (DSI), gained slightly 0.58 points to end at 2509.01.
Trading, however, began on a positive note from the very outset and the key index climbed more than 21 points in the first half an hour of the trade. Later it started to dip towards close of the trade.
Prices of majority of the low profile Z-category securities continued to rise on the prospect for good return in the backdrop of declaring the June deadline, when the companies will be recast as directed by the Securities and Exchange Commission.
Out of 74 Z-category issues traded on the day, prices of 61 advanced, 12 declined and one remained unchanged. Shares of some Z-group companies remained halted due to their share prices crossing the circuit breaker. Fourteen companies of the Z-group rose ranging between 10 and 20 per cent. Of the top ten gainers, seven were from the Z-category.
Dominated by the gainers, the turnover remained the same at Tk 2.78 billion as of Thursday last.
Out of 250 issues traded, prices of 158 gained, 85 declined and seven remained unchanged.
AB Bank was the turnover leader with shares worth Tk 193.64 million traded.
Dhaka stocks declined Sunday amid a steady turnover as out of three market barometers, two declined and one gained slightly.
The two indices-Dhaka Stock Exchange (DSE) General Index (DGEN) and DSE-20 comprising blue chips-shed 0.02 points and 23.13 points to finish at 2969.47 and 2212.36 respectively.
However, the other barometer, All Shares Price Index (DSI), gained slightly 0.58 points to end at 2509.01.
Trading, however, began on a positive note from the very outset and the key index climbed more than 21 points in the first half an hour of the trade. Later it started to dip towards close of the trade.
Prices of majority of the low profile Z-category securities continued to rise on the prospect for good return in the backdrop of declaring the June deadline, when the companies will be recast as directed by the Securities and Exchange Commission.
Out of 74 Z-category issues traded on the day, prices of 61 advanced, 12 declined and one remained unchanged. Shares of some Z-group companies remained halted due to their share prices crossing the circuit breaker. Fourteen companies of the Z-group rose ranging between 10 and 20 per cent. Of the top ten gainers, seven were from the Z-category.
Dominated by the gainers, the turnover remained the same at Tk 2.78 billion as of Thursday last.
Out of 250 issues traded, prices of 158 gained, 85 declined and seven remained unchanged.
AB Bank was the turnover leader with shares worth Tk 193.64 million traded.