Dhaka stocks slightly up just before long recess
Friday, 5 December 2008
FE Report
Dhaka stocks closed slightly higher for the second straight day Thursday on the eve of the Dhaka Stock Exchange's (DSE) nine-day closure starting today (Friday) on the occasion of the Eid-ul-Azha festival and weekend holidays.
The benchmark DSE General Index (DGEN) and the All Shares Price Index (DSI) rose 5.87 points and 3.17 points to close at 2544.66 and 2103.79 respectively. But the DSE20 Index (DS20) comprising blue chips fell marginally by 3.01 points to 2129.64.
Trading, however, at the DSE fluctuated throughout the session. The intra-day volatility was around 25 points as the main index DGEN, which went into the negative territory for a brief period at one stage, rose 24.45 points about one hour before the close of trade.
Of the total 222 issues traded, 138 advanced, 77 declined and seven remained unchanged.
Some investors held back before the closure on the occasion of Eid-ul-Azha, the second biggest religious festival of the Muslims to be celebrated on December 9, expecting to book profit in future, according to brokers.
The DSE trading will resume on December 14 after the nine-day closure.
Price movements in the last two sessions were not bad as the prime bourse had been suffering a lot for long, said Yawer Sayeed, a market expert.
Though it saw a topsy-turvy trading during the whole session Thursday, the intra-day volatility was lower on the day compared to previous sessions, which is a sign of improvement, he added.
He added that hopefully the market would get back its full rhythm soon.
The day's total turnover rose to Tk 2.07 billion from the previous day's Tk 1.69 billion.
ACI Formulations Limited was the top turnover leader with shares worth Tk 348.51 million traded on the day.
Titas Gas, Beximco Pharma, Uttara Bank, Beximco Limited, ACI Limited, Shinepukur Ceramics Limited, Summit Power, NBL and LankaBangla Finance were the day's next other turnover leaders.
The day's top gainers were Rahman Chemicals, Janata Insurance, Modern Dyeing, Takaful Insurance and Standard Insurance.
The top losers were Aftab Automobiles, Qasem Textile, ACI Formulations Limited, Pragati Life Insurance, Tamij Textile and Fine Foods.
Dhaka stocks closed slightly higher for the second straight day Thursday on the eve of the Dhaka Stock Exchange's (DSE) nine-day closure starting today (Friday) on the occasion of the Eid-ul-Azha festival and weekend holidays.
The benchmark DSE General Index (DGEN) and the All Shares Price Index (DSI) rose 5.87 points and 3.17 points to close at 2544.66 and 2103.79 respectively. But the DSE20 Index (DS20) comprising blue chips fell marginally by 3.01 points to 2129.64.
Trading, however, at the DSE fluctuated throughout the session. The intra-day volatility was around 25 points as the main index DGEN, which went into the negative territory for a brief period at one stage, rose 24.45 points about one hour before the close of trade.
Of the total 222 issues traded, 138 advanced, 77 declined and seven remained unchanged.
Some investors held back before the closure on the occasion of Eid-ul-Azha, the second biggest religious festival of the Muslims to be celebrated on December 9, expecting to book profit in future, according to brokers.
The DSE trading will resume on December 14 after the nine-day closure.
Price movements in the last two sessions were not bad as the prime bourse had been suffering a lot for long, said Yawer Sayeed, a market expert.
Though it saw a topsy-turvy trading during the whole session Thursday, the intra-day volatility was lower on the day compared to previous sessions, which is a sign of improvement, he added.
He added that hopefully the market would get back its full rhythm soon.
The day's total turnover rose to Tk 2.07 billion from the previous day's Tk 1.69 billion.
ACI Formulations Limited was the top turnover leader with shares worth Tk 348.51 million traded on the day.
Titas Gas, Beximco Pharma, Uttara Bank, Beximco Limited, ACI Limited, Shinepukur Ceramics Limited, Summit Power, NBL and LankaBangla Finance were the day's next other turnover leaders.
The day's top gainers were Rahman Chemicals, Janata Insurance, Modern Dyeing, Takaful Insurance and Standard Insurance.
The top losers were Aftab Automobiles, Qasem Textile, ACI Formulations Limited, Pragati Life Insurance, Tamij Textile and Fine Foods.