DSE stocks decline on price correction, new arrivals
Thursday, 1 November 2007
FE Report
Stock prices declined Wednesday for the fourth consecutive day on Dhaka Stock Exchange due to price correction of some overheated issues and withdrawal of a large amount of money by the investors for buying the upcoming Jamuna and Meghna shares.
Market operators said investors have sold a significant number of shares over the last few days to take profit and keep cash in hand before buying the shares of the two state-owned oil companies, scheduled to start trading by mid-November.
On the day, All Shares Price Index (DSI), DSE General Index (DGEN), and DSE-20 Index (DS20) declined 10.477 points, 4.549 points and 4.008 points to close at 2415.359, 2850.814 and 2207.197 respectively.
The total turnover declined to Tk 1.696 billion (169.6 crore) from the previous turnover of Tk 2.026 billion. But the total market capitalisation rose to Tk 694.817 billion from Tk 692.33 billion.
Out of 214 traded issues, prices of 87 gained, 106 declined and 21 remained unchanged.
Trust Bank was the turnover leader with trading of shares worth Tk 143.691 million, followed by Power Grid with Tk 81.720 million, BRAC Bank Tk 74.597 million, Padma Oil Tk 67.756 million, Social Investment Bank Tk 52.991 million, UCBL Tk 49.762 million, Square Pharma Tk 47.162 million, NBL Tk 43.518 million, AIMS Tk 39.747 million, and Islami Bank Tk 38.537 million.
Prices of Trust Bank shares gained 0.20 per cent to Tk 1093.75 each, Padma Oil 2.19 per cent to Tk 1145.70, Social Investment Bank 0.05 per cent to Tk 454.50, Square Pharma 0.73 per cent to Tk 3382.75.
On the other hand, Power Grid declined 0.55 per cent to Tk 623.50, BRAC Bank 0.77 per cent to Tk 1479.50, UCBL 1.33 per cent to Tk 4733.75, NBL 0.74 per cent to Tk 1257.75, AIMS 0.88 per cent to Tk 9.00, and Islami Bank 2.63 per cent to Tk 5325.25.
Stock prices declined Wednesday for the fourth consecutive day on Dhaka Stock Exchange due to price correction of some overheated issues and withdrawal of a large amount of money by the investors for buying the upcoming Jamuna and Meghna shares.
Market operators said investors have sold a significant number of shares over the last few days to take profit and keep cash in hand before buying the shares of the two state-owned oil companies, scheduled to start trading by mid-November.
On the day, All Shares Price Index (DSI), DSE General Index (DGEN), and DSE-20 Index (DS20) declined 10.477 points, 4.549 points and 4.008 points to close at 2415.359, 2850.814 and 2207.197 respectively.
The total turnover declined to Tk 1.696 billion (169.6 crore) from the previous turnover of Tk 2.026 billion. But the total market capitalisation rose to Tk 694.817 billion from Tk 692.33 billion.
Out of 214 traded issues, prices of 87 gained, 106 declined and 21 remained unchanged.
Trust Bank was the turnover leader with trading of shares worth Tk 143.691 million, followed by Power Grid with Tk 81.720 million, BRAC Bank Tk 74.597 million, Padma Oil Tk 67.756 million, Social Investment Bank Tk 52.991 million, UCBL Tk 49.762 million, Square Pharma Tk 47.162 million, NBL Tk 43.518 million, AIMS Tk 39.747 million, and Islami Bank Tk 38.537 million.
Prices of Trust Bank shares gained 0.20 per cent to Tk 1093.75 each, Padma Oil 2.19 per cent to Tk 1145.70, Social Investment Bank 0.05 per cent to Tk 454.50, Square Pharma 0.73 per cent to Tk 3382.75.
On the other hand, Power Grid declined 0.55 per cent to Tk 623.50, BRAC Bank 0.77 per cent to Tk 1479.50, UCBL 1.33 per cent to Tk 4733.75, NBL 0.74 per cent to Tk 1257.75, AIMS 0.88 per cent to Tk 9.00, and Islami Bank 2.63 per cent to Tk 5325.25.