Dhaka stocks fall for 2nd straight session
FE Report | Wednesday, 30 July 2008
Dhaka stocks fell for the second straight session Tuesday, led by insurance and leasing issues, in a sluggish market.
Trading on the Dhaka Stock Exchange (DSE) remained subdued throughout the session pulling down all the indices of the market.
DSE General Index (DGEN), All-shares Price Index (DSI) and DSE 20 blue chip index shed 27.82 points, 24.82 points and 9.02 points to close at 2826.00, 2448.68 and 2644.05 respectively.
The two consecutive days of fall chipped away almost half of the previous three day's gain of 119 points.
"Investors sold their holdings to take profit from gains in three straight trading days," one market analyst said.
Of the top ten gainers, seven were from low-rated Z-category companies and rest from the mutual funds.
The losers outperformed the gainers as out of 236 issues traded on the day, 154 declined, 72 advanced and 10 remained unchanged.
The market turnover also declined to Tk 2.99 billion from previous day's Tk 3.34 billion.
Grameen One Mutual Fund saw the biggest gain of 19.77 per cent to close at Tk 119.30 per share, making it the top turnover leader with shares worth Tk 182.47 million trading.
Apex Adelchi, Beximco Pharma, Square Pharma, BATBC, Beximco Limited, AIMS First Mutual Fund, Keya Cosmetics, ACI Limited and the newly listed ICB Second NRB were the other top turnover leaders on the day.
Wonder Toys had the second biggest gainer of 19.17 per cent, followed by Rahman Chemicals 11.18 per cent, AIMS First Mutual Fund 8.58 per cent, Dhaka Fish 6.83 per cent, Sonali Aansh 6.54 per cent. Meghna Shrimp 5.55 per cent, Maq Paper 5.35 per cent and 8th ICB Mutual Fund 5.24 per cent.
Janata Insurance, Peoples Insurance, Lexco, Apex Foods, Shinepukur, Bionic Food, Reliance Insurance, Prime Finance, Confidence Cement and Aramit Cement were the top ten losers on the day.
Trading on the Dhaka Stock Exchange (DSE) remained subdued throughout the session pulling down all the indices of the market.
DSE General Index (DGEN), All-shares Price Index (DSI) and DSE 20 blue chip index shed 27.82 points, 24.82 points and 9.02 points to close at 2826.00, 2448.68 and 2644.05 respectively.
The two consecutive days of fall chipped away almost half of the previous three day's gain of 119 points.
"Investors sold their holdings to take profit from gains in three straight trading days," one market analyst said.
Of the top ten gainers, seven were from low-rated Z-category companies and rest from the mutual funds.
The losers outperformed the gainers as out of 236 issues traded on the day, 154 declined, 72 advanced and 10 remained unchanged.
The market turnover also declined to Tk 2.99 billion from previous day's Tk 3.34 billion.
Grameen One Mutual Fund saw the biggest gain of 19.77 per cent to close at Tk 119.30 per share, making it the top turnover leader with shares worth Tk 182.47 million trading.
Apex Adelchi, Beximco Pharma, Square Pharma, BATBC, Beximco Limited, AIMS First Mutual Fund, Keya Cosmetics, ACI Limited and the newly listed ICB Second NRB were the other top turnover leaders on the day.
Wonder Toys had the second biggest gainer of 19.17 per cent, followed by Rahman Chemicals 11.18 per cent, AIMS First Mutual Fund 8.58 per cent, Dhaka Fish 6.83 per cent, Sonali Aansh 6.54 per cent. Meghna Shrimp 5.55 per cent, Maq Paper 5.35 per cent and 8th ICB Mutual Fund 5.24 per cent.
Janata Insurance, Peoples Insurance, Lexco, Apex Foods, Shinepukur, Bionic Food, Reliance Insurance, Prime Finance, Confidence Cement and Aramit Cement were the top ten losers on the day.