Dhaka stocks steady, losers dominate
Thursday, 16 October 2008
FE Report
Dhaka stocks remained steady Wednesday after a two-day rally, amid increased participation of the investors in trading.
The benchmark DSE General Index (DGEN) and All Shares Price Index (DSI) shed 5.27 points and 4.76 points to close at 2925.97 and 2426.73 respectively. But the DSE-20 comprising blue chips gained 10.54 points to finish at 2500.55.
The Dhaka Stock Exchange (DSE), however, was in the positive territory almost throughout the sessions. The DGEN soared more than 22 points as soon as the market opened. Later it started to shed points on price correction and landed in the red in the final 30 minutes of the trade.
The losers outshined the gainers as out of the total 237 issues traded, 155 declined, 76 advanced and six remained unchanged.
Shares of Beximco Group dominated the market on the news that the court has passed an order on amalgamation of Shinepukur Holdings Limited and Beximco Fisheries Ltd. (transferor companies) with Beximco Ltd. (transferee company).
Pursuant to the court order, the board of directors of the companies have fixed October 30 next as record date for exchange of shares of transferor companies for those of transferee company and the aforesaid scheme of amalgamation will come into effect from November 16 next.
Shinepukur Holdings, the day's top gainer, rose 19.89 per cent, followed by Beximco Fisheries 19.77 per cent, Beximco Synthetic 13.44 per cent and BD Online Limited 12.79 per cent.
The turnover on the prime bourse was hovering around Tk 5 billion-mark for the fifth consecutive day.
The day's total turnover marginally came down to Tk 5.11 billion from previous day's Tk 5.16 billion while the market capitalisation also slightly declined to Tk 1.01 trillion against the previous day's Tk 1.02 trillion.
"High volume share transaction reflected that a huge number of investors were back to the market overcoming the fear that the global financial mayhem would affect the country's stock market," said a stockbroker.
Share prices of the Titas Gas rose 6.30 per cent to end at Tk 535 per share, making it the top turnover leader with shares worth Tk 926.49 million traded.
Beximco Pharma was the second top turnover leader with shares worth Tk 507.37 million traded, while Beximco Limited bagged the third top turnover leader's position with shares worth Tk 304.22 million changing hands.
Other turnover leaders were Square Pharma, ACI Limited, Lankabangla Finance, BD Online, AIMS First Mutual Fund, Summit Power and Golden Son.
The day's top losers were City General Insurance, Janata Insurance, Alltex Industries, Modern Industries, Apex Weaving and Mona Food.
Dhaka stocks remained steady Wednesday after a two-day rally, amid increased participation of the investors in trading.
The benchmark DSE General Index (DGEN) and All Shares Price Index (DSI) shed 5.27 points and 4.76 points to close at 2925.97 and 2426.73 respectively. But the DSE-20 comprising blue chips gained 10.54 points to finish at 2500.55.
The Dhaka Stock Exchange (DSE), however, was in the positive territory almost throughout the sessions. The DGEN soared more than 22 points as soon as the market opened. Later it started to shed points on price correction and landed in the red in the final 30 minutes of the trade.
The losers outshined the gainers as out of the total 237 issues traded, 155 declined, 76 advanced and six remained unchanged.
Shares of Beximco Group dominated the market on the news that the court has passed an order on amalgamation of Shinepukur Holdings Limited and Beximco Fisheries Ltd. (transferor companies) with Beximco Ltd. (transferee company).
Pursuant to the court order, the board of directors of the companies have fixed October 30 next as record date for exchange of shares of transferor companies for those of transferee company and the aforesaid scheme of amalgamation will come into effect from November 16 next.
Shinepukur Holdings, the day's top gainer, rose 19.89 per cent, followed by Beximco Fisheries 19.77 per cent, Beximco Synthetic 13.44 per cent and BD Online Limited 12.79 per cent.
The turnover on the prime bourse was hovering around Tk 5 billion-mark for the fifth consecutive day.
The day's total turnover marginally came down to Tk 5.11 billion from previous day's Tk 5.16 billion while the market capitalisation also slightly declined to Tk 1.01 trillion against the previous day's Tk 1.02 trillion.
"High volume share transaction reflected that a huge number of investors were back to the market overcoming the fear that the global financial mayhem would affect the country's stock market," said a stockbroker.
Share prices of the Titas Gas rose 6.30 per cent to end at Tk 535 per share, making it the top turnover leader with shares worth Tk 926.49 million traded.
Beximco Pharma was the second top turnover leader with shares worth Tk 507.37 million traded, while Beximco Limited bagged the third top turnover leader's position with shares worth Tk 304.22 million changing hands.
Other turnover leaders were Square Pharma, ACI Limited, Lankabangla Finance, BD Online, AIMS First Mutual Fund, Summit Power and Golden Son.
The day's top losers were City General Insurance, Janata Insurance, Alltex Industries, Modern Industries, Apex Weaving and Mona Food.