Dhaka stocks post slight gain
Friday, 17 April 2009
FE Report
Dhaka stocks gained for the fourth straight session in a slightly fluctuating market Thursday, with a continued increase of the turnover.
The Dhaka Stock Exchange (DSE) opened on a positive note but trimmed early gains of 25 points later on moderate profit taking driving down most of the banking issues. However, a spurt in buying helped push the indices above the opening level at close.
The DSE General Index (DGEN) - the benchmark index- finished at 2550.71 with a slight gain of 11.27 points. The DSE All Shares Price Index (DSI) and the DSE-20 blue chip index gained 7.45 points and 5.89 points to end at 2115.12 and 1981.45 respectively.
Most of the larger sectors gained except banks. The gaining streak of banks ended as all banks fell on the day on price correction.
Banking issues appreciated a lot recently and the investors probably wanted to book the profit, according to the research cell of the Equity Partners Ltd (EPL), an investment bank.
Most of the non-banking financial institutions (NBFIs) gained on the news that the central bank would allow NBFIs to take foreign loans only for funding manufacturing and infrastructure (except housing) sectors, according to stock brokers.
All the mutual funds, some pharmaceutical companies, issues of the tannery, power and energy sectors gained, while cement and insurance issues lost, according to the EPL.
The gainers beat the losers as out of 243 issues traded, 144 advanced, 95 declined and four remained unchanged.
The turnover increased to Tk 4.30 billion from Tk 4.0 billion of Wednesday while the market capitalisation stood at Tk 1.03 trillion.
Share prices of the ACI saw the biggest gain of 11.7 per cent as it declared impressive dividend. The board of directors of the company recommended 100 per cent cash dividend and 20 per cent stock dividend for the year 2008.
ACI was also the top turnover leader with shares worth Tk 473.42 million traded. Other turnover leaders were Titas Gas, Beximco, Summit Power, AB Bank, Uttara Bank, Shinepukur Ceramics Ltd, Aftab Automobiles, Power Grid and BD Online Ltd.
The other top gainers after ACI were Standard Ceramic, Fu-Wang Ceramic, ACI Formulations and Prime Textile.
The day's top losers were Padma Printers, Tulip Dairy, Monno Jutex, Republic Insurance, Eastern Insurance and Standard Insurance.
Dhaka stocks gained for the fourth straight session in a slightly fluctuating market Thursday, with a continued increase of the turnover.
The Dhaka Stock Exchange (DSE) opened on a positive note but trimmed early gains of 25 points later on moderate profit taking driving down most of the banking issues. However, a spurt in buying helped push the indices above the opening level at close.
The DSE General Index (DGEN) - the benchmark index- finished at 2550.71 with a slight gain of 11.27 points. The DSE All Shares Price Index (DSI) and the DSE-20 blue chip index gained 7.45 points and 5.89 points to end at 2115.12 and 1981.45 respectively.
Most of the larger sectors gained except banks. The gaining streak of banks ended as all banks fell on the day on price correction.
Banking issues appreciated a lot recently and the investors probably wanted to book the profit, according to the research cell of the Equity Partners Ltd (EPL), an investment bank.
Most of the non-banking financial institutions (NBFIs) gained on the news that the central bank would allow NBFIs to take foreign loans only for funding manufacturing and infrastructure (except housing) sectors, according to stock brokers.
All the mutual funds, some pharmaceutical companies, issues of the tannery, power and energy sectors gained, while cement and insurance issues lost, according to the EPL.
The gainers beat the losers as out of 243 issues traded, 144 advanced, 95 declined and four remained unchanged.
The turnover increased to Tk 4.30 billion from Tk 4.0 billion of Wednesday while the market capitalisation stood at Tk 1.03 trillion.
Share prices of the ACI saw the biggest gain of 11.7 per cent as it declared impressive dividend. The board of directors of the company recommended 100 per cent cash dividend and 20 per cent stock dividend for the year 2008.
ACI was also the top turnover leader with shares worth Tk 473.42 million traded. Other turnover leaders were Titas Gas, Beximco, Summit Power, AB Bank, Uttara Bank, Shinepukur Ceramics Ltd, Aftab Automobiles, Power Grid and BD Online Ltd.
The other top gainers after ACI were Standard Ceramic, Fu-Wang Ceramic, ACI Formulations and Prime Textile.
The day's top losers were Padma Printers, Tulip Dairy, Monno Jutex, Republic Insurance, Eastern Insurance and Standard Insurance.