Dhaka stocks rise again Monday
Tuesday, 2 June 2009
FE Report
Dhaka stocks rose Monday again after Sunday's slight drop. The gain was led by non-banking financial institutions (NBFIs), Beximco Group, IT, insurance, ceramic and cement issues, while mutual funds, which gained on the previous day, dropped on price correction.
The DSE General Index (DGEN) - the benchmark index - finished at 2596.99 with a gain of 24.81 points. All Shares Price Index (DSI) rose 21.67 points to end at 2168.39. DSE 20 Index, comprising blue chips, gained 0.64 points to finish at 2013.78.
The total turnover of the day increased to Tk 5.50 billion, up from the previous day's Tk 4.89 billion. Gainers took a strong lead over the losers, as out of 242 issues traded, 150 advanced, 87 declined and five remained unchanged.
Titas Gas was the top turnover leader of the day with shares worth Tk 434.38 million traded. Summit Power, Beximco Ltd, Beximco Pharma, Bextex, LankaBangla Finance, BD Online and Summit Alliance Port were the other turnover leaders.
BD Online was the top gainer with a rise of 14.59 per cent without any fundamental reason. Mithun Knitting was the top loser, as it lost 12.33 per cent on price correction.
Almost all the banks went down, which brought down the whole sectoral index by 0.54 per cent, according to the Equity Partners Limited.
Changes in prices of most of the stocks were less than 1.0 per cent. Social Islami Bank and Standard Bank lost the highest 2.2 per cent and 2.0 per cent respectively.
Along the whole trading period the sector was not that much vibrant, as investors' interest to the banking sector was quite low.
NBFIs are still gaining at a very impressive rate since the news that they were to increase their paid up capital by the year-end as per the central bank's directive. From the beginning of the last month NBFIs gained about 40 per cent with occasional profit taking.
After previous day's jump, mutual funds lost on profit taking. Aims 1st Mutual Fund lost 1.1 per cent and Grameen Two 2.2 per cent.
Pharmaceuticals gained, aided by Beximco Pharma that rose 2.8 per cent, as all the companies of Beximco Group soared on the day.
The day was the consecutive fourth gaining day for the cement sector. Both the major players - Heidelberg and Lafarge - gained more than two per cent.
In the fuel and power sector, all the major players gained, and DESCO gained the highest 2.6 per cent.
After the previous day's profit taking, IT sector issues gained again, lead by Beximco Group's BD Online.
Dhaka stocks rose Monday again after Sunday's slight drop. The gain was led by non-banking financial institutions (NBFIs), Beximco Group, IT, insurance, ceramic and cement issues, while mutual funds, which gained on the previous day, dropped on price correction.
The DSE General Index (DGEN) - the benchmark index - finished at 2596.99 with a gain of 24.81 points. All Shares Price Index (DSI) rose 21.67 points to end at 2168.39. DSE 20 Index, comprising blue chips, gained 0.64 points to finish at 2013.78.
The total turnover of the day increased to Tk 5.50 billion, up from the previous day's Tk 4.89 billion. Gainers took a strong lead over the losers, as out of 242 issues traded, 150 advanced, 87 declined and five remained unchanged.
Titas Gas was the top turnover leader of the day with shares worth Tk 434.38 million traded. Summit Power, Beximco Ltd, Beximco Pharma, Bextex, LankaBangla Finance, BD Online and Summit Alliance Port were the other turnover leaders.
BD Online was the top gainer with a rise of 14.59 per cent without any fundamental reason. Mithun Knitting was the top loser, as it lost 12.33 per cent on price correction.
Almost all the banks went down, which brought down the whole sectoral index by 0.54 per cent, according to the Equity Partners Limited.
Changes in prices of most of the stocks were less than 1.0 per cent. Social Islami Bank and Standard Bank lost the highest 2.2 per cent and 2.0 per cent respectively.
Along the whole trading period the sector was not that much vibrant, as investors' interest to the banking sector was quite low.
NBFIs are still gaining at a very impressive rate since the news that they were to increase their paid up capital by the year-end as per the central bank's directive. From the beginning of the last month NBFIs gained about 40 per cent with occasional profit taking.
After previous day's jump, mutual funds lost on profit taking. Aims 1st Mutual Fund lost 1.1 per cent and Grameen Two 2.2 per cent.
Pharmaceuticals gained, aided by Beximco Pharma that rose 2.8 per cent, as all the companies of Beximco Group soared on the day.
The day was the consecutive fourth gaining day for the cement sector. Both the major players - Heidelberg and Lafarge - gained more than two per cent.
In the fuel and power sector, all the major players gained, and DESCO gained the highest 2.6 per cent.
After the previous day's profit taking, IT sector issues gained again, lead by Beximco Group's BD Online.