Dhaka stocks steady in seesaw trading
Friday, 22 May 2009
FE Report
Dhaka stocks finished steady in a persistently fluctuating market Thursday with the turnover remaining almost unchanged.
The Dhaka Stock Exchange's benchmark DSE General Index (DGEN) ended at 2552.95 with a slight fall of 1.38 points or 0.05 per cent, shedding early gains of more than 10 points.
The benchmark index got an initial boost in the first one hour thanks to the big gain posted by non-banking financial institutions (NBFIs) and IT companies. Then the index started to decline, driven by the banks and mutual funds.
Most of the issues in other sectors finished marginally down. Most of the pharmaceutical companies, fuel and power sector issues, cement companies and mutual funds declined while insurance companies ended up in the red on profit taking.
IT issues gained significantly for the first time after witnessing a bearish spell recently. Textile, real state, service, ceramic and engineering sectors also gained.
Investors opted to book profit at the available margin, thus pulling the index down in late sales, experts said blaming it for the market not staying in the green territory in the final hour despite positive opening.
The DSE All Shares Price Index (DSI) slid 0.30 points to 2125.20 while the DSE 20 (DS20) index comprising blue chip issues lost 12.42 points to finish at 1954.48.
Gainers outnumbered the losers marginally as out of 243 issues traded, 122 advanced, 118 declined and three remained unchanged.
The turnover declined to Tk 4.18 billion, slightly down from the previous day's Tk 4.14 billion.
The five top-traded issues were Beximco Limited, Summit Power, Titas Gas, Summit Alliance Port and Beximco Pharma.
BD Finance saw the biggest gain of 17.24 per cent. The company, in response to a DSE query, informed that there was no undisclosed price sensitive information relating to its operation or profitability that might have an impact on trading of its shares.
Of the banks, Shahjalal Bank lost the highest 4.1 per cent while Mercantile Bank gained the most, 2.2 per cent.
BD Finance was the most noticeable gainer with a sharp rise of 17.2 per cent. Many of the NBFIs gained more than 5 per cent apiece.
Of the pharmaceutical companies, Square Pharma lost 2.1 per cent while Beximco Pharma gained 2.6 per cent. ACI lost 2.3 per cent and ACI Formulations lost 1.2 per cent.
In the Fuel and Power sector, Titas Gas lost 0.6 per cent, Power Grid lost 0.7 per cent while DESCO gained 1.5 per cent and Summit Power 0.6 per cent.
Desh Garments, Dulamia Cotton, Mithun Knitting, Alltex and Anlima Yarn were the other top gainers on the day.
The topmost losers were BLTC, Sonargaon Textile, Monospool Paper, Ist BSRS, Popular Life Insurance and Maksons Spinning.
Dhaka stocks finished steady in a persistently fluctuating market Thursday with the turnover remaining almost unchanged.
The Dhaka Stock Exchange's benchmark DSE General Index (DGEN) ended at 2552.95 with a slight fall of 1.38 points or 0.05 per cent, shedding early gains of more than 10 points.
The benchmark index got an initial boost in the first one hour thanks to the big gain posted by non-banking financial institutions (NBFIs) and IT companies. Then the index started to decline, driven by the banks and mutual funds.
Most of the issues in other sectors finished marginally down. Most of the pharmaceutical companies, fuel and power sector issues, cement companies and mutual funds declined while insurance companies ended up in the red on profit taking.
IT issues gained significantly for the first time after witnessing a bearish spell recently. Textile, real state, service, ceramic and engineering sectors also gained.
Investors opted to book profit at the available margin, thus pulling the index down in late sales, experts said blaming it for the market not staying in the green territory in the final hour despite positive opening.
The DSE All Shares Price Index (DSI) slid 0.30 points to 2125.20 while the DSE 20 (DS20) index comprising blue chip issues lost 12.42 points to finish at 1954.48.
Gainers outnumbered the losers marginally as out of 243 issues traded, 122 advanced, 118 declined and three remained unchanged.
The turnover declined to Tk 4.18 billion, slightly down from the previous day's Tk 4.14 billion.
The five top-traded issues were Beximco Limited, Summit Power, Titas Gas, Summit Alliance Port and Beximco Pharma.
BD Finance saw the biggest gain of 17.24 per cent. The company, in response to a DSE query, informed that there was no undisclosed price sensitive information relating to its operation or profitability that might have an impact on trading of its shares.
Of the banks, Shahjalal Bank lost the highest 4.1 per cent while Mercantile Bank gained the most, 2.2 per cent.
BD Finance was the most noticeable gainer with a sharp rise of 17.2 per cent. Many of the NBFIs gained more than 5 per cent apiece.
Of the pharmaceutical companies, Square Pharma lost 2.1 per cent while Beximco Pharma gained 2.6 per cent. ACI lost 2.3 per cent and ACI Formulations lost 1.2 per cent.
In the Fuel and Power sector, Titas Gas lost 0.6 per cent, Power Grid lost 0.7 per cent while DESCO gained 1.5 per cent and Summit Power 0.6 per cent.
Desh Garments, Dulamia Cotton, Mithun Knitting, Alltex and Anlima Yarn were the other top gainers on the day.
The topmost losers were BLTC, Sonargaon Textile, Monospool Paper, Ist BSRS, Popular Life Insurance and Maksons Spinning.