Dhaka stocks go up slightly
Monday, 14 September 2009
FE Report
Dhaka stocks gained slightly for the second straight session Sunday, led by energy, insurance and mutual funds on a couple of good news that boosted the investor confidence.
Trading at Dhaka Stock Exchange (DSE) opened on a high note in the morning and then it saw a seesaw trading, which continued until the close.
The benchmark DSE General Index (DGEN) gained by 10.65 points or 0.36 per cent to close at 2953.09, after touching its peak of 2960.39 just minutes before the close.
The news of the authorities' ramping up of gas production in a desperate move to meet soaring demands from power plants and industrial units, and the news that a bill might be passed in the current parliament session to strengthen the insurance sector have sent the market into the positive territory.
The broader All Shares Price Index (DSI) rose 10.30 points or 0.43 per cent to end at 2483.01. The DSE-20 blue chip index edged down 4.09 points or 0.19 per cent to close at 2127.94.
Gainers took a strong lead over the losers as out of 236 issues traded, 157 advanced, 75 declined and four remained unchanged.
The turnover remained almost unchanged at Tk 4.38 billion against the previous session's Tk 4.47 billion.
"Today's rally was mainly based on a couple of good news, for which the market remain always hungry," said a stockbroker, asking not to be named.
Summit Power, a leading off-dock service provider, was the top turnover leader with shares worth Tk 302.86 million changing hands. Navana CNG, a leading gas refilling station, emerged second with shares worth Tk 236.88 million traded.
The two were followed by AIMS First Mutual Fund, Beximco Ltd, ICB Second NRB, Aftab, Summit Alliance Port Ltd, Titas Gas, Aftab Automobiles and Bextex.
Janata Insurance saw the biggest gain of 12.68 per cent, followed by United Insurance with 8.73 per cent, Kohinoor Chemicals 7.28 per cent and BD Welding 6.30 per cent and Aramit 6.26 per cent.
Renwick Jajneswar recorded the day's biggest fall of 6.82 per cent on profit taking.
Sonali Aansh, Berger Paints Bangladesh, HR Textile, Dhaka Fisheries and BD Autocars were the next other major losers.
Dhaka stocks gained slightly for the second straight session Sunday, led by energy, insurance and mutual funds on a couple of good news that boosted the investor confidence.
Trading at Dhaka Stock Exchange (DSE) opened on a high note in the morning and then it saw a seesaw trading, which continued until the close.
The benchmark DSE General Index (DGEN) gained by 10.65 points or 0.36 per cent to close at 2953.09, after touching its peak of 2960.39 just minutes before the close.
The news of the authorities' ramping up of gas production in a desperate move to meet soaring demands from power plants and industrial units, and the news that a bill might be passed in the current parliament session to strengthen the insurance sector have sent the market into the positive territory.
The broader All Shares Price Index (DSI) rose 10.30 points or 0.43 per cent to end at 2483.01. The DSE-20 blue chip index edged down 4.09 points or 0.19 per cent to close at 2127.94.
Gainers took a strong lead over the losers as out of 236 issues traded, 157 advanced, 75 declined and four remained unchanged.
The turnover remained almost unchanged at Tk 4.38 billion against the previous session's Tk 4.47 billion.
"Today's rally was mainly based on a couple of good news, for which the market remain always hungry," said a stockbroker, asking not to be named.
Summit Power, a leading off-dock service provider, was the top turnover leader with shares worth Tk 302.86 million changing hands. Navana CNG, a leading gas refilling station, emerged second with shares worth Tk 236.88 million traded.
The two were followed by AIMS First Mutual Fund, Beximco Ltd, ICB Second NRB, Aftab, Summit Alliance Port Ltd, Titas Gas, Aftab Automobiles and Bextex.
Janata Insurance saw the biggest gain of 12.68 per cent, followed by United Insurance with 8.73 per cent, Kohinoor Chemicals 7.28 per cent and BD Welding 6.30 per cent and Aramit 6.26 per cent.
Renwick Jajneswar recorded the day's biggest fall of 6.82 per cent on profit taking.
Sonali Aansh, Berger Paints Bangladesh, HR Textile, Dhaka Fisheries and BD Autocars were the next other major losers.