Dhaka stocks end marginally up
Wednesday, 5 August 2009
FE Report
Dhaka stocks finished marginally up in the faintly fluctuating market Tuesday after closing lower than the previous session.
Mutual funds, general insurance, information technology and engineering were among the major gainers.
Low market cap shares which gained substantially in the last few days saw price corrections on the day. Share prices of the banks remained relatively stable with most of them gaining and nearly all non-banking financial institutions (NBFIs) declining on profit taking.
After a strong start in the morning, the benchmark Dhaka Stock Exchange (DSE) General Index (DGEN) ended at 2926.66 with a gain of 3.18 points or 0.10 per cent over its closing mark.
The market steadily gained about 18 points in the first 45 minutes on the back of rise in stock prices of banks and general insurances.
After that it fluctuated within the level of about five points until mid session. In the last two hours of the trade, the index trimmed losses gained earlier but landed in the green.
The broader All Shares Price Index (DSI) rose 3.24 points or 0.13 per cent to close at 2451.24 while the DSE 20 blue chip index slightly slipped 3.20 points or 0.15 per cent to end at 2215.59.
Out of 236 stocks traded on the DSE, 122 stocks went in the positive territory, 109 in negative territory and five remained unchanged.
The daily average turnover decreased to Tk 6.50 billion, down three per cent from previous session's Tk 6.70 billion.
Bank stocks remained stable with most of them making headway. Among the banks, NCC Bank was the top gainer posting a rise of 5.4 per cent while One Bank lost highest of 2.7 per cent.
Most of the companies in the pharmaceuticals sector lost led by United Kingdom based personal care company Reckitt Benckiser that lost 12.6 per cent in its share prices.
Most of the energy companies lost but the state owned Meghna Petroleum and Jamuna Oil had big gains of 10 per cent and 7.0 per cent respectively.
Asia Pacific General Insurance Company gained the highest of 11.19 per cent. Meghna Petroleum, Beach Hatchery, Rupali Insurance, Asia Insurance, Singer Bangladesh and Jamuna Oil were the other major gainers on the day.
Sister firm of the leading industrial conglomerate Bextex was the top turnover leader for the second consecutive session with shares worth Tk 523.94 million traded, accounting for eight per cent of the total turnover.
Dhaka stocks finished marginally up in the faintly fluctuating market Tuesday after closing lower than the previous session.
Mutual funds, general insurance, information technology and engineering were among the major gainers.
Low market cap shares which gained substantially in the last few days saw price corrections on the day. Share prices of the banks remained relatively stable with most of them gaining and nearly all non-banking financial institutions (NBFIs) declining on profit taking.
After a strong start in the morning, the benchmark Dhaka Stock Exchange (DSE) General Index (DGEN) ended at 2926.66 with a gain of 3.18 points or 0.10 per cent over its closing mark.
The market steadily gained about 18 points in the first 45 minutes on the back of rise in stock prices of banks and general insurances.
After that it fluctuated within the level of about five points until mid session. In the last two hours of the trade, the index trimmed losses gained earlier but landed in the green.
The broader All Shares Price Index (DSI) rose 3.24 points or 0.13 per cent to close at 2451.24 while the DSE 20 blue chip index slightly slipped 3.20 points or 0.15 per cent to end at 2215.59.
Out of 236 stocks traded on the DSE, 122 stocks went in the positive territory, 109 in negative territory and five remained unchanged.
The daily average turnover decreased to Tk 6.50 billion, down three per cent from previous session's Tk 6.70 billion.
Bank stocks remained stable with most of them making headway. Among the banks, NCC Bank was the top gainer posting a rise of 5.4 per cent while One Bank lost highest of 2.7 per cent.
Most of the companies in the pharmaceuticals sector lost led by United Kingdom based personal care company Reckitt Benckiser that lost 12.6 per cent in its share prices.
Most of the energy companies lost but the state owned Meghna Petroleum and Jamuna Oil had big gains of 10 per cent and 7.0 per cent respectively.
Asia Pacific General Insurance Company gained the highest of 11.19 per cent. Meghna Petroleum, Beach Hatchery, Rupali Insurance, Asia Insurance, Singer Bangladesh and Jamuna Oil were the other major gainers on the day.
Sister firm of the leading industrial conglomerate Bextex was the top turnover leader for the second consecutive session with shares worth Tk 523.94 million traded, accounting for eight per cent of the total turnover.