Indices up though most shares fall
Monday, 20 April 2009
FE Report
Dhaka stocks continued to rally for the fifth straight session led by banks Sunday. However most of the share prices of the companies dropped.
Indices at the Dhaka Stock Exchange (DSE) started with an upbeat mood but witnessed a slight volatility in the first hour of trading.
After that it maintained a robust trend for the rest of the session, boosted by the banks, food and allied sectors.
The DSE General Index (DGEN) - the benchmark index- finished at 2587.55 with a gain of 36.80 points. The All Shares Price Index (DSI) and DSE-20 comprising blue chip gained 27.38 points and 50.63 points to end at 2142.50 and 2032.08 respectively.
"The investors, particularly retail ones, bought the shares anticipating good return in days to come but the pace of infiltration into the market by the institutional investors remained slow," said a merchant banker.
"The fund flow to the market is increasing as the money market is now burdened with over liquidity," he added.
Banks returned to green once again with all banks gaining and most of them noticeably, according to the research cell of the Equity Partners Ltd (EPL), an investment bank.
Most of the non-banking financial institutions (NBFIs), mutual funds, insurance companies and fuel and power issues lost, it said.
The losers outnumbered the gainers as out of 244 issues traded, 97 advanced, 143 declined and four remained unchanged.
The turnover continued to increase to stand at Tk 4.78 billion against Tk 4.30 billion on Thursday while the market capitalisation was Tk 1.04 trillion.
Share prices of the BATBC had the biggest gain of 17.34 per cent as it declared impressive dividends. The board of directors of the company has recommended 240 per cent cash dividend for the year 2008.
Other top gainers were IFIC Bank, Trust Bank, AB Bank, Northern Insurance, One Bank Ltd, Apex Adelchi and BRAC Bank.
Titas was also the top turnover leader with shares worth Tk 427.87 million traded. Others were Beximco, Summit Power, AB Bank, ACI, BATBC, Aftab Automobiles, Uttara Bank, Power Grid and S Alam Cold Rolled Steels Mills Ltd.
Shahjalal Bank had price adjustment on their post record date trading. Although the bank lost 16.0 per cent on previous closing price, the actual adjustment suggests it gained 2.6 per cent, according to the EPL.
Dhaka stocks continued to rally for the fifth straight session led by banks Sunday. However most of the share prices of the companies dropped.
Indices at the Dhaka Stock Exchange (DSE) started with an upbeat mood but witnessed a slight volatility in the first hour of trading.
After that it maintained a robust trend for the rest of the session, boosted by the banks, food and allied sectors.
The DSE General Index (DGEN) - the benchmark index- finished at 2587.55 with a gain of 36.80 points. The All Shares Price Index (DSI) and DSE-20 comprising blue chip gained 27.38 points and 50.63 points to end at 2142.50 and 2032.08 respectively.
"The investors, particularly retail ones, bought the shares anticipating good return in days to come but the pace of infiltration into the market by the institutional investors remained slow," said a merchant banker.
"The fund flow to the market is increasing as the money market is now burdened with over liquidity," he added.
Banks returned to green once again with all banks gaining and most of them noticeably, according to the research cell of the Equity Partners Ltd (EPL), an investment bank.
Most of the non-banking financial institutions (NBFIs), mutual funds, insurance companies and fuel and power issues lost, it said.
The losers outnumbered the gainers as out of 244 issues traded, 97 advanced, 143 declined and four remained unchanged.
The turnover continued to increase to stand at Tk 4.78 billion against Tk 4.30 billion on Thursday while the market capitalisation was Tk 1.04 trillion.
Share prices of the BATBC had the biggest gain of 17.34 per cent as it declared impressive dividends. The board of directors of the company has recommended 240 per cent cash dividend for the year 2008.
Other top gainers were IFIC Bank, Trust Bank, AB Bank, Northern Insurance, One Bank Ltd, Apex Adelchi and BRAC Bank.
Titas was also the top turnover leader with shares worth Tk 427.87 million traded. Others were Beximco, Summit Power, AB Bank, ACI, BATBC, Aftab Automobiles, Uttara Bank, Power Grid and S Alam Cold Rolled Steels Mills Ltd.
Shahjalal Bank had price adjustment on their post record date trading. Although the bank lost 16.0 per cent on previous closing price, the actual adjustment suggests it gained 2.6 per cent, according to the EPL.