Dhaka stocks drop for fourth straight week
Saturday, 11 April 2009
FE Report
Share prices at the Dhaka Stock Exchange (DSE) continued to drop for the fourth straight week that ended Thursday with a higher turnover.
The benchmark DSE General Index (DGEN) shed 19.96 points to end at 2408.67. The All Shares Price Index (DSI) ended at 2001.88 with a loss of 17.64 points and the DSE-20 blue chip index finished at 1859.75 with a drop of 16.46 points.
The Bay Leasing and Investment Ltd, a non-banking financial institution (NBFI), will make its debut on the bourses tomorrow (Sunday).
It will be the 18th listed NBFI.
The power sector was in the lead last week in terms of value of traded shares with the energy sector in the second place.
The banking stocks, which were under pressure over the years, showed a sign of recovery in the week, relieving some of the investors, according to the stockbrokers.
Out of the week's top ten gainers, six were banking stocks.
The losers took a strong lead over the gainers as out of 298 issues traded, 72 advanced, 186 declined, one remained unchanged and 39 were not traded in the week.
The daily average turnover posted a rise of 19.99 per cent or Tk 4.25 billion against the previous week's Tk 3.54 billion.
The market capitalisation stood at Tk 989.10 billion.
Summit Power retained the top turnover leader position for the fifth straight week with shares worth Tk 1.92 billion traded and accounted for about 8.98 per cent of the week's total market turnover of Tk 21.28 billion at the prime bourse.
The next other turnover leaders were Beximco Ltd, Power Grid Company Bangladesh Ltd, Shinepukur Ceramics Limited , S Alam Cold Rolled Steels Limited, Titas Gas, DESCO, Beximco Pharma, Eastern Housing Limited (EHL) and Summit Allaince Port Limited.
Al-Haj Textile, the week's top gainer, registered 39.15 per cent rise on the news that shares of the company would be converted to electronic shares from the existing paper-based shares with effect from April 30 next as per decision of the Securities and Exchange Commission.
The next other top gainers were Dutch-Bangla Bank, Mutual Trust Bank, AB Bank, ACI Ltd, Pubali Bank, IFIC Bank, Bangas, Uttara Bank and Bd Thai Aluminum.
The stock price of the United Insurance, the week's top loser, dropped 65.04 per cent as it went ex-dividend.
The next other top losers were Prime Finance, Pioneer Insurance, Savar Refractories, Central Insurance, Lankabangla Finance Company, Hakkani Pulp and Paper, Rupali Insurance, Global Insurance and Purabi General Insurance.
The A-category issues accounted for 82.51 per cent of the total turnover in value during the week, while B-category issues accounted for 2.48 per cent, N-category 12.22 per cent and Z-category 2.80 per cent.
Share prices at the Dhaka Stock Exchange (DSE) continued to drop for the fourth straight week that ended Thursday with a higher turnover.
The benchmark DSE General Index (DGEN) shed 19.96 points to end at 2408.67. The All Shares Price Index (DSI) ended at 2001.88 with a loss of 17.64 points and the DSE-20 blue chip index finished at 1859.75 with a drop of 16.46 points.
The Bay Leasing and Investment Ltd, a non-banking financial institution (NBFI), will make its debut on the bourses tomorrow (Sunday).
It will be the 18th listed NBFI.
The power sector was in the lead last week in terms of value of traded shares with the energy sector in the second place.
The banking stocks, which were under pressure over the years, showed a sign of recovery in the week, relieving some of the investors, according to the stockbrokers.
Out of the week's top ten gainers, six were banking stocks.
The losers took a strong lead over the gainers as out of 298 issues traded, 72 advanced, 186 declined, one remained unchanged and 39 were not traded in the week.
The daily average turnover posted a rise of 19.99 per cent or Tk 4.25 billion against the previous week's Tk 3.54 billion.
The market capitalisation stood at Tk 989.10 billion.
Summit Power retained the top turnover leader position for the fifth straight week with shares worth Tk 1.92 billion traded and accounted for about 8.98 per cent of the week's total market turnover of Tk 21.28 billion at the prime bourse.
The next other turnover leaders were Beximco Ltd, Power Grid Company Bangladesh Ltd, Shinepukur Ceramics Limited , S Alam Cold Rolled Steels Limited, Titas Gas, DESCO, Beximco Pharma, Eastern Housing Limited (EHL) and Summit Allaince Port Limited.
Al-Haj Textile, the week's top gainer, registered 39.15 per cent rise on the news that shares of the company would be converted to electronic shares from the existing paper-based shares with effect from April 30 next as per decision of the Securities and Exchange Commission.
The next other top gainers were Dutch-Bangla Bank, Mutual Trust Bank, AB Bank, ACI Ltd, Pubali Bank, IFIC Bank, Bangas, Uttara Bank and Bd Thai Aluminum.
The stock price of the United Insurance, the week's top loser, dropped 65.04 per cent as it went ex-dividend.
The next other top losers were Prime Finance, Pioneer Insurance, Savar Refractories, Central Insurance, Lankabangla Finance Company, Hakkani Pulp and Paper, Rupali Insurance, Global Insurance and Purabi General Insurance.
The A-category issues accounted for 82.51 per cent of the total turnover in value during the week, while B-category issues accounted for 2.48 per cent, N-category 12.22 per cent and Z-category 2.80 per cent.