Dhaka stocks rally for 2nd consecutive day
Thursday, 3 September 2009
FE Report
Dhaka stocks rallied for the second consecutive session Wednesday, led by banks, non-banking financial institutions (NBFIs) and energy issues.
Beginning in an upbeat mood right from the start, the market lost its momentum slightly on profit taking around the mid session. After that, it stayed positive for the rest of the session as most of the sectors gained to some extent.
The benchmark DSE General Index (DGEN) closed at 2974.49 with a gain of 24.37 points or 0.82 per cent.
The broader All Shares Price Index (DSI) gained 20.27 points or 0.81 per cent to end at 2500.53. The DSE-20 Index comprising blue chip rose 14.97 points or 0.71 per cent to finish at 2120.28.
Gainers beat the losers as out of 234 issues traded, 172 gained, 58 declined and four remained unchanged. The turnover declined by 10.7 per cent to Tk 4.47 billion.
After a long interval, the market was seen sustaining the initial gain throughout the session. After a few volatile days, the prime feature of the market on the day was the stability at higher level.
Most of the banks performed better after struggling to make headway over the couple of weeks. All NBFIs shined on the day where some gained more than three per cent. Most of the mutual funds gained. Share prices of majority of the insurance companies lost on profit booking.
In the pharmaceuticals sector, most of the major companies gained with leading drug maker Square Pharma gaining 0.5 per cent and Beximco Pharma 0.7 per cent.
All companies of the energy sector except Titas Gas that lost 0.3 per cent gained marginally.
A total of 1150300 shares worth Tk 245.80 million of the Navana CNG that made debut Sunday last were traded, making it the top turnover leader for the second consecutive day. Its share prices dropped 4.71 per cent to close at Tk 210.20 a share.
Dhaka stocks rallied for the second consecutive session Wednesday, led by banks, non-banking financial institutions (NBFIs) and energy issues.
Beginning in an upbeat mood right from the start, the market lost its momentum slightly on profit taking around the mid session. After that, it stayed positive for the rest of the session as most of the sectors gained to some extent.
The benchmark DSE General Index (DGEN) closed at 2974.49 with a gain of 24.37 points or 0.82 per cent.
The broader All Shares Price Index (DSI) gained 20.27 points or 0.81 per cent to end at 2500.53. The DSE-20 Index comprising blue chip rose 14.97 points or 0.71 per cent to finish at 2120.28.
Gainers beat the losers as out of 234 issues traded, 172 gained, 58 declined and four remained unchanged. The turnover declined by 10.7 per cent to Tk 4.47 billion.
After a long interval, the market was seen sustaining the initial gain throughout the session. After a few volatile days, the prime feature of the market on the day was the stability at higher level.
Most of the banks performed better after struggling to make headway over the couple of weeks. All NBFIs shined on the day where some gained more than three per cent. Most of the mutual funds gained. Share prices of majority of the insurance companies lost on profit booking.
In the pharmaceuticals sector, most of the major companies gained with leading drug maker Square Pharma gaining 0.5 per cent and Beximco Pharma 0.7 per cent.
All companies of the energy sector except Titas Gas that lost 0.3 per cent gained marginally.
A total of 1150300 shares worth Tk 245.80 million of the Navana CNG that made debut Sunday last were traded, making it the top turnover leader for the second consecutive day. Its share prices dropped 4.71 per cent to close at Tk 210.20 a share.