Dhaka stocks slightly gain
Tuesday, 12 February 2008
FE Report
Dhaka stocks gained slightly Monday recovering some losses of previous day amid a significant decline in turnover.
The turnover declined to Tk 1.99 billion from previous day's Tk 2.99 billion following cautious fund disbursement by merchant banks, market operators said.
The trade began with a negative note at the outset when the main index, the Dhaka Stock Exchange General Index (DGEN) dropped more than 14 points in the first one and half hour of the trade. However, it had risen more than 14 points in mid-session and it shed some points before the close.
The indices--benchmark DGEN, the All Shares Price Index (DSI) and the DSE-20 Index (DS20)--gained 2.27 points, 0.72 points and 3.65 points to close at 2977.66, 2503.07 and 2357.36 respectively.
The market continued to show maturity and the investors appeared sensible as they were not on rush buying and selling, market operators and analysts said.
Dominated by losers, the total turnover came down to Tk 1.99 billion from previous day's Tk 2.99 billion. Out of 234 issues traded on the day, 97 advanced, 126 declined and 11 remained unchanged.
However, the total market capitalisation on the prime bourse rose slightly to Tk 797.01 billion from Tk 796.82 billion.
AB Bank continued to retain the top turnover leader position with shares worth Tk 214.31 million traded on the day, recorded a rise of 1.47 per cent to close at Tk 2913.00 per share.
Summit Power was the second turnover leader with traded shares worth Tk 96.77 million followed by Grameen One Tk 91.49 million, Meghna Petroleum Tk 88.74 million and IFIC Tk 68.90 million, Jamuna Oil Company Tk 68.76 million, AIMS First Mutual Fund Tk 61.59 million, IDLC Tk 59.24 million, NBL Tk 54.74 million and Power Grid Tk 42.07 million.
Share prices of Anwar Galvanizing, Janata Insurance, National Polymer, Purabi General Insurance, Apex Weaving and IDLC jumped 19.01 per cent, 15.88 per cent, 14.67 per cent, 13.29 per cent, 12.23 per cent and 11.37 per cent respectively.
Karnaphuli Insurance, Rupali Insurance, Prime Insurance and Asia Pacific Insurance were the major losers, registering a fall of 12.95 per cent, 10.98 per cent, 10.41 per cent and 10.37 per cent respectively.
Dhaka stocks gained slightly Monday recovering some losses of previous day amid a significant decline in turnover.
The turnover declined to Tk 1.99 billion from previous day's Tk 2.99 billion following cautious fund disbursement by merchant banks, market operators said.
The trade began with a negative note at the outset when the main index, the Dhaka Stock Exchange General Index (DGEN) dropped more than 14 points in the first one and half hour of the trade. However, it had risen more than 14 points in mid-session and it shed some points before the close.
The indices--benchmark DGEN, the All Shares Price Index (DSI) and the DSE-20 Index (DS20)--gained 2.27 points, 0.72 points and 3.65 points to close at 2977.66, 2503.07 and 2357.36 respectively.
The market continued to show maturity and the investors appeared sensible as they were not on rush buying and selling, market operators and analysts said.
Dominated by losers, the total turnover came down to Tk 1.99 billion from previous day's Tk 2.99 billion. Out of 234 issues traded on the day, 97 advanced, 126 declined and 11 remained unchanged.
However, the total market capitalisation on the prime bourse rose slightly to Tk 797.01 billion from Tk 796.82 billion.
AB Bank continued to retain the top turnover leader position with shares worth Tk 214.31 million traded on the day, recorded a rise of 1.47 per cent to close at Tk 2913.00 per share.
Summit Power was the second turnover leader with traded shares worth Tk 96.77 million followed by Grameen One Tk 91.49 million, Meghna Petroleum Tk 88.74 million and IFIC Tk 68.90 million, Jamuna Oil Company Tk 68.76 million, AIMS First Mutual Fund Tk 61.59 million, IDLC Tk 59.24 million, NBL Tk 54.74 million and Power Grid Tk 42.07 million.
Share prices of Anwar Galvanizing, Janata Insurance, National Polymer, Purabi General Insurance, Apex Weaving and IDLC jumped 19.01 per cent, 15.88 per cent, 14.67 per cent, 13.29 per cent, 12.23 per cent and 11.37 per cent respectively.
Karnaphuli Insurance, Rupali Insurance, Prime Insurance and Asia Pacific Insurance were the major losers, registering a fall of 12.95 per cent, 10.98 per cent, 10.41 per cent and 10.37 per cent respectively.