Dhaka stocks' fall continues
Wednesday, 29 April 2009
FE Report
Dhaka stocks fell Tuesday when the market saw a further boost in turnover as the trading of the state-owned Titas Gas shares broke single-day transaction record in terms of value. Stocks went down on the previous day also.
The market was in the positive territory until mid session. After that it started to decline when both the institutional and retail investors put money in Titas Gas stocks releasing their other holdings.
The DSE General Index-the benchmark index- was down 24.24 points or 0.93 per cent, pulling back from gains of more than 17 points following the opening.
The total turnover stood at Tk 5.20 billion against the previous day's Tk 5.03 billion, on the back of huge share trading of Titas Gas that accounted for 30 per cent of the total trading.
A total of 2861750 shares of Titas worth Tk 1.57 billion were sold at the prime bourse on the day, which is the highest ever single-day transaction by a company since February 5 last year when another state-owned Meghna Petroleum held the earlier single-day record trading of Tk 1.53 billion.
Stock prices of the Titas posted a rise of 4.09 per cent to finish at Tk 552.50 per share from opening price at Tk 534.75 a share.
Dhaka stocks fell Tuesday when the market saw a further boost in turnover as the trading of the state-owned Titas Gas shares broke single-day transaction record in terms of value. Stocks went down on the previous day also.
The market was in the positive territory until mid session. After that it started to decline when both the institutional and retail investors put money in Titas Gas stocks releasing their other holdings.
The DSE General Index-the benchmark index- was down 24.24 points or 0.93 per cent, pulling back from gains of more than 17 points following the opening.
The total turnover stood at Tk 5.20 billion against the previous day's Tk 5.03 billion, on the back of huge share trading of Titas Gas that accounted for 30 per cent of the total trading.
A total of 2861750 shares of Titas worth Tk 1.57 billion were sold at the prime bourse on the day, which is the highest ever single-day transaction by a company since February 5 last year when another state-owned Meghna Petroleum held the earlier single-day record trading of Tk 1.53 billion.
Stock prices of the Titas posted a rise of 4.09 per cent to finish at Tk 552.50 per share from opening price at Tk 534.75 a share.