DSE continues to rise
Tuesday, 22 March 2011
FE Report
Dhaka stocks gained for the third successive day Monday. All the three indices-DGEN, DSI and DSE-20-in DSE (Dhaka Stock Exchange) gained on the day as the investors went for fresh buying. The daily total turnover, in value terms, stood at Tk 15.93 billion from Tk 15.24 billion in the previous session. The turnover is increasing day-by-day as buy-sell augmented substantially due mainly to larger participation of institutional and small investors, said a leading merchant banker. The benchmark DSE General Index (DGEN), main gauge of the DSE, ended at 6,528.21 on the day, gaining 0.90 per cent or 58.30 points. The broader DSE All Shares Price Index (DSI) rose 49.02 points or 0.92 per cent to 5,403.23. The DSE-20 index including blue chips gained 0.63 per cent or 25.70 points to 4108.28. Gainers and losers were almost same on the day as out of total 259 issues traded, 120 advanced, 132 declined and seven remained unchanged. When asked, Director of the DSE Ahmad Rashid Lali said, "The market's behaviour is very good. Many investors are coming to the market with fresh investment in chorus big investors are coming back in the market along with small ones." "The investors' confidence level continued to rise and many of them are making profit while some of them are making fresh investment in the market which is a good sign for the market," said Mr Rashid, also managing director of Rashid Investment Services. However, he advised the investors to be cautious during investment as prices of some low profile companies are increasing. "The investors should invest in those stocks which are fundamentally strong," he added. The market started the day with a positive note and the momentum continued until the closure, as the investors went for fresh buying mainly banking and power sectors shares. "Mainly baking and power issues pulled the market up", said a stock broker. Except banking, fuel and power, jute and services and real estate sectors, all other sectors ended in the red zone. Insurance sector suffered a most on the day. Banking issues, which make up more than one-third of the market capitalisation, soared 3.52 per cent and out of 30 banks in the banking sector, 29 gained while Primer Bank was the only loser. Fuel and power sector advanced 3.49 per cent, while jute sector gained 5.03 per cent and services and real estate sector gained 0.49 per cent. NBFIs sector and pharmaceuticals sector lost 0.01 per cent and 0.38 per cent respectively. Grameenphone lost Tk 3.10 a share and ended the day at Tk 174.8 a share. Among 43 issues traded in the insurance sector, only five issues gained while 38 issues lost in prices.
Dhaka stocks gained for the third successive day Monday. All the three indices-DGEN, DSI and DSE-20-in DSE (Dhaka Stock Exchange) gained on the day as the investors went for fresh buying. The daily total turnover, in value terms, stood at Tk 15.93 billion from Tk 15.24 billion in the previous session. The turnover is increasing day-by-day as buy-sell augmented substantially due mainly to larger participation of institutional and small investors, said a leading merchant banker. The benchmark DSE General Index (DGEN), main gauge of the DSE, ended at 6,528.21 on the day, gaining 0.90 per cent or 58.30 points. The broader DSE All Shares Price Index (DSI) rose 49.02 points or 0.92 per cent to 5,403.23. The DSE-20 index including blue chips gained 0.63 per cent or 25.70 points to 4108.28. Gainers and losers were almost same on the day as out of total 259 issues traded, 120 advanced, 132 declined and seven remained unchanged. When asked, Director of the DSE Ahmad Rashid Lali said, "The market's behaviour is very good. Many investors are coming to the market with fresh investment in chorus big investors are coming back in the market along with small ones." "The investors' confidence level continued to rise and many of them are making profit while some of them are making fresh investment in the market which is a good sign for the market," said Mr Rashid, also managing director of Rashid Investment Services. However, he advised the investors to be cautious during investment as prices of some low profile companies are increasing. "The investors should invest in those stocks which are fundamentally strong," he added. The market started the day with a positive note and the momentum continued until the closure, as the investors went for fresh buying mainly banking and power sectors shares. "Mainly baking and power issues pulled the market up", said a stock broker. Except banking, fuel and power, jute and services and real estate sectors, all other sectors ended in the red zone. Insurance sector suffered a most on the day. Banking issues, which make up more than one-third of the market capitalisation, soared 3.52 per cent and out of 30 banks in the banking sector, 29 gained while Primer Bank was the only loser. Fuel and power sector advanced 3.49 per cent, while jute sector gained 5.03 per cent and services and real estate sector gained 0.49 per cent. NBFIs sector and pharmaceuticals sector lost 0.01 per cent and 0.38 per cent respectively. Grameenphone lost Tk 3.10 a share and ended the day at Tk 174.8 a share. Among 43 issues traded in the insurance sector, only five issues gained while 38 issues lost in prices.