DSE indices decline again on price correction, flooding
Thursday, 9 August 2007
FE Report
The price indices on the Dhaka Stock Exchange (DSE) fell Wednesday again due to price correction and the current flooding.
Market operators said stock prices on the DSE declined as the investors were very cautious about making their investment due to some corrective measures taken by the Securities and Exchange Commission (SEC) recently.
The current floods across the country also left a negative impact on share trading at the DSE, said the market operators.
They also mentioned that the investors were selling their shares to keep cash in hand in the wake of the countrywide devastating flooding.
In trading Wednesday, the DSE General Index (DGEN), DSE-20 Index (DS20), and the All Shares Price Index (DSI) declined by 20.589 points, 19.377 points and 9.106 points to close at 2301.359, 2055.988 and 1887.871 respectively.
But the total turnover rose to Tk 1.216 billion (121.6 crore) from Tk 1.199 billion of the previous day. But the total market capitalisation declined to Tk 530.210 billion from Tk 532.312 billion of the previous day.
Out of 205 traded issues, prices of 99 gained, 91 declined and 15 remained unchanged on the day.
Square Pharma maintained its position as the turnover leader with shares worth Tk 103.878 million traded, followed by Summit Power with Tk 90.595 million, BRAC Bank Tk 48.246 million, AB Bank Tk 41.153 million, Apex Adelchi Footwear Tk 41.074 million, UCBL Tk 35.592 million, Power Grid Tk 34.678 million, Social Investment Bank Tk 33.036 million, NBL Tk 32.113 million and Pubali Bank Tk 24.733 million.
The price indices on the Dhaka Stock Exchange (DSE) fell Wednesday again due to price correction and the current flooding.
Market operators said stock prices on the DSE declined as the investors were very cautious about making their investment due to some corrective measures taken by the Securities and Exchange Commission (SEC) recently.
The current floods across the country also left a negative impact on share trading at the DSE, said the market operators.
They also mentioned that the investors were selling their shares to keep cash in hand in the wake of the countrywide devastating flooding.
In trading Wednesday, the DSE General Index (DGEN), DSE-20 Index (DS20), and the All Shares Price Index (DSI) declined by 20.589 points, 19.377 points and 9.106 points to close at 2301.359, 2055.988 and 1887.871 respectively.
But the total turnover rose to Tk 1.216 billion (121.6 crore) from Tk 1.199 billion of the previous day. But the total market capitalisation declined to Tk 530.210 billion from Tk 532.312 billion of the previous day.
Out of 205 traded issues, prices of 99 gained, 91 declined and 15 remained unchanged on the day.
Square Pharma maintained its position as the turnover leader with shares worth Tk 103.878 million traded, followed by Summit Power with Tk 90.595 million, BRAC Bank Tk 48.246 million, AB Bank Tk 41.153 million, Apex Adelchi Footwear Tk 41.074 million, UCBL Tk 35.592 million, Power Grid Tk 34.678 million, Social Investment Bank Tk 33.036 million, NBL Tk 32.113 million and Pubali Bank Tk 24.733 million.