Dhaka stocks rally for 2nd session
Friday, 7 May 2010
FE Report
Dhaka stocks rallied for the second session in a row Thursday, led by Grameenphone and leasing issues.
The market opened with a firm note, gaining around one per cent in the morning but profit taking scuttled away some points at close.
The benchmark DSE General Index (DGEN) closed at 5,618.41 with a gain of 33.02 points or 0.59 per cent, after posting one per cent rise in the previous session.
The broader All Shares Price Index (DSI) gained 27.58 points or 0.60 per cent to 4,615.48 while DSE-20 Index comprising blue chips lost 1.48 points or 0.04 per cent to 3,055.36.
"Rally in share prices of leasing and Grameenphone has sent the market in the positive territory," said Abdul Awal, managing director of Multi Securities and Services Ltd.
"Despite ending in the green, profit taking also took place," he added.
Grameenphone (GP) - the most weighted shares in DSE - rose 0.64 per cent to Tk 297.
Leasing or non-banking financial institutions went up by 1.46 per cent with heavyweight People's Leasing rising 15 per cent, which was the day's highest gainer.
Other prominent gainers included Eastern Bank Limited, Pioneer Insurance, Heidelberg Cement, Uttara Bank, Bay Leasing, Samorita Hospital, Prime Finance and International Leasing Finance and Services Limited.
Engineering and banking issues posted a moderate gain after witnessing an impressive rise in the previous session. Insurance, energy, food and allied, mutual funds and cement sectors closed mixed.
Turnover improved on the day, increasing 8.73 per cent to Tk 14.06 billion. Out of 242 issues traded, 115 closed positive, 114 negative and 13 remained unchanged.
Beximco Ltd was the day's top turnover leader with shares worth Tk 1.05 billion changing hands.
Other turnover leaders were Titas Gas, Summit Power, LankaBangla Finance, EXIM Bank, People's Leasing, Prime Finance, DESCO, Khulna Power Company Ltd (KPCL) and Uttara Finance.
Islami Insurance was the day's top loser with a drop of 7.32 per cent as it did not declare any dividend for 2009.
Other major losers included Chittagong Vegetable, Safko Spinning, KPCL, Dhaka Fisheries, CMC Kamal, Rahima Food, TBL, Uttara Finance and Provati Insurance.
Dhaka stocks rallied for the second session in a row Thursday, led by Grameenphone and leasing issues.
The market opened with a firm note, gaining around one per cent in the morning but profit taking scuttled away some points at close.
The benchmark DSE General Index (DGEN) closed at 5,618.41 with a gain of 33.02 points or 0.59 per cent, after posting one per cent rise in the previous session.
The broader All Shares Price Index (DSI) gained 27.58 points or 0.60 per cent to 4,615.48 while DSE-20 Index comprising blue chips lost 1.48 points or 0.04 per cent to 3,055.36.
"Rally in share prices of leasing and Grameenphone has sent the market in the positive territory," said Abdul Awal, managing director of Multi Securities and Services Ltd.
"Despite ending in the green, profit taking also took place," he added.
Grameenphone (GP) - the most weighted shares in DSE - rose 0.64 per cent to Tk 297.
Leasing or non-banking financial institutions went up by 1.46 per cent with heavyweight People's Leasing rising 15 per cent, which was the day's highest gainer.
Other prominent gainers included Eastern Bank Limited, Pioneer Insurance, Heidelberg Cement, Uttara Bank, Bay Leasing, Samorita Hospital, Prime Finance and International Leasing Finance and Services Limited.
Engineering and banking issues posted a moderate gain after witnessing an impressive rise in the previous session. Insurance, energy, food and allied, mutual funds and cement sectors closed mixed.
Turnover improved on the day, increasing 8.73 per cent to Tk 14.06 billion. Out of 242 issues traded, 115 closed positive, 114 negative and 13 remained unchanged.
Beximco Ltd was the day's top turnover leader with shares worth Tk 1.05 billion changing hands.
Other turnover leaders were Titas Gas, Summit Power, LankaBangla Finance, EXIM Bank, People's Leasing, Prime Finance, DESCO, Khulna Power Company Ltd (KPCL) and Uttara Finance.
Islami Insurance was the day's top loser with a drop of 7.32 per cent as it did not declare any dividend for 2009.
Other major losers included Chittagong Vegetable, Safko Spinning, KPCL, Dhaka Fisheries, CMC Kamal, Rahima Food, TBL, Uttara Finance and Provati Insurance.