Dhaka stocks gain for third straight session
FE Report | Friday, 6 June 2008
Dhaka stocks gained for the third straight session Thursday with moderate fall in the turnover.
Mostly insurance, leasing, IT and, power and energy issues gained while bank shares fell due to profit taking on the day.
Trading on the Dhaka Stock Exchange (DSE) began with a strong note at the very outset, pushing the key index more than 23 points just before mid session and later it shed some points due to profit taking towards close of the trade.
All the barometres - the benchmark DSE General Index (DGEN), All Shares Price Index (DSI) and DSE-20 Index (DS20)-rose 15.55 points, 10.74 points and 5.12 points to close at 3154.19, 2674.81 and 2580.07 respectively.
"The market gained at a slower pace in the last consecutive three days, meaning that both profit taking and buying took place in the same session," said a capital market analyst.
"But it is a matter of observation that how sustainable this trend is," he added.
Dominated by gainers, the total turnover declined to Tk 4.46 billion against previous day's all time high of Tk 4.98 billion. Out of 242 issues traded, 133 advanced, 103 declined and six remained unchanged.
The total market capitalisation, however, rose to Tk 880.05 billion from Tk 877.22 billion.
AIMS First Mutual Fund continued to retain the top turnover position for the second consecutive day with shares worth Tk 223.08 million traded. Its share prices also continued to gain rising 5.79 per cent to close at Tk 28.28 per share.
Share prices of Grameen One Mutual Fund rose 7.98 per cent to end at Tk 191.50 a share, making it the second top turnover leader with shares worth Tk 205.45 million traded.
Lanka Bangla Finance, Beximco Pharma, Square Pharma, AB Bank, Union Capital, IPDC, Prime Finance and S Alam Cold Rolls Steels Limited were the other turnover leaders on the day.
Stock prices of BEXIMCO had the biggest gain of 19.96 per cent, followed by MIDAS Finance 15.80 per cent, Reliance Insurance 13.03 per cent, Shinepukur 12.19 per cent and Apex Weaving 11.90 per cent.
Monospool Paper, Paper Processing, Ranga Food were the top losers on the day. All are Z-category companies.
Mostly insurance, leasing, IT and, power and energy issues gained while bank shares fell due to profit taking on the day.
Trading on the Dhaka Stock Exchange (DSE) began with a strong note at the very outset, pushing the key index more than 23 points just before mid session and later it shed some points due to profit taking towards close of the trade.
All the barometres - the benchmark DSE General Index (DGEN), All Shares Price Index (DSI) and DSE-20 Index (DS20)-rose 15.55 points, 10.74 points and 5.12 points to close at 3154.19, 2674.81 and 2580.07 respectively.
"The market gained at a slower pace in the last consecutive three days, meaning that both profit taking and buying took place in the same session," said a capital market analyst.
"But it is a matter of observation that how sustainable this trend is," he added.
Dominated by gainers, the total turnover declined to Tk 4.46 billion against previous day's all time high of Tk 4.98 billion. Out of 242 issues traded, 133 advanced, 103 declined and six remained unchanged.
The total market capitalisation, however, rose to Tk 880.05 billion from Tk 877.22 billion.
AIMS First Mutual Fund continued to retain the top turnover position for the second consecutive day with shares worth Tk 223.08 million traded. Its share prices also continued to gain rising 5.79 per cent to close at Tk 28.28 per share.
Share prices of Grameen One Mutual Fund rose 7.98 per cent to end at Tk 191.50 a share, making it the second top turnover leader with shares worth Tk 205.45 million traded.
Lanka Bangla Finance, Beximco Pharma, Square Pharma, AB Bank, Union Capital, IPDC, Prime Finance and S Alam Cold Rolls Steels Limited were the other turnover leaders on the day.
Stock prices of BEXIMCO had the biggest gain of 19.96 per cent, followed by MIDAS Finance 15.80 per cent, Reliance Insurance 13.03 per cent, Shinepukur 12.19 per cent and Apex Weaving 11.90 per cent.
Monospool Paper, Paper Processing, Ranga Food were the top losers on the day. All are Z-category companies.