Investors subdued at DSE, stock prices mixed
Monday, 10 December 2007
FE Report
Stock prices on the Dhaka Stock Exchange (DSE) Sunday remained mixed amid steady turnover mainly due to cautious mood of investors.
The investors, apparently, decided to be a little bit cautious amid lingering fears that intervention might come anytime from the market regulatory body, according to brokers.
The total turnover rose slightly to Tk 1.13 billion in the day's trading, dominated by losers, from the previous day's Tk 1.11 billion. The total market capitalisation declined slightly to Tk727.34 billion from Tk 727.54 billion.
The market barometers -- DSE General Index (DGEN) and All Shares Price Index (DSI) -- shed 1.79 points and 0.82 points to close at 2975.16 respectively. However, DSE-20 Index (DS20), comprising blue chip, gained 7.07 points to end at 2309.56.
However, trading began on a cheerful note at the very outset of the trading as the key index DGEN increased by over 26 points in the first 10 minutes of the trading session. Later, it started to dip due to profit taking by the investors.
Out of 223 traded issues, prices of 86 advanced, 120 declined and 17 remained unchanged.
The market operators ascribed the mix trend in stock prices to rational behaviour of the capital market saying there is no tendency among the investors to rush for buying and selling.
The lower liquidity flow to the market is linked to the end of the calendar year and Eid-ul-Azha festival this month.
They said December is the month when investors usually remain busy in loan adjustment. The upcoming religious festival also prompted investors to withdraw their funds for Eid shopping purposes.
The United Commercial Bank (UCB) continued to occupy the first position of the top ten-turnover list with shares worth Tk 112.33 million changing hands. Prices of the UCB opened at Tk 4910 and closed at Tk 4942.50 per share.
Brac Bank was the second turnover leader with its shares worth Tk 60.29 million traded followed by IBBL Perpetual Bond with Tk 50 million, Summit Power Tk49.64 million, BOC with Tk 48.89 million, Dutch Bangla Bank with Tk 40.31 million, Power Grid with Tk 37.41 million, Uttara Bank with Tk 36.97 million, Lafarge Surma Cement Limited with Tk 34.57 million and Trust Bank with Tk 33.23 million.
Atlas Bangladesh was the top gainer with its shares increasing by 7.16 per cent on the day as the A-category company would approve dividend in its 23rd AGM scheduled to be held on coming Thursday.
Fine Foods, Mithun Knit, BDAUTOCA, Keya Cosmetic, Reliance, Nitol Tubes, Islamic Finance, Bd Thai and Janata Insurance were the other gainers.
Stock prices on the Dhaka Stock Exchange (DSE) Sunday remained mixed amid steady turnover mainly due to cautious mood of investors.
The investors, apparently, decided to be a little bit cautious amid lingering fears that intervention might come anytime from the market regulatory body, according to brokers.
The total turnover rose slightly to Tk 1.13 billion in the day's trading, dominated by losers, from the previous day's Tk 1.11 billion. The total market capitalisation declined slightly to Tk727.34 billion from Tk 727.54 billion.
The market barometers -- DSE General Index (DGEN) and All Shares Price Index (DSI) -- shed 1.79 points and 0.82 points to close at 2975.16 respectively. However, DSE-20 Index (DS20), comprising blue chip, gained 7.07 points to end at 2309.56.
However, trading began on a cheerful note at the very outset of the trading as the key index DGEN increased by over 26 points in the first 10 minutes of the trading session. Later, it started to dip due to profit taking by the investors.
Out of 223 traded issues, prices of 86 advanced, 120 declined and 17 remained unchanged.
The market operators ascribed the mix trend in stock prices to rational behaviour of the capital market saying there is no tendency among the investors to rush for buying and selling.
The lower liquidity flow to the market is linked to the end of the calendar year and Eid-ul-Azha festival this month.
They said December is the month when investors usually remain busy in loan adjustment. The upcoming religious festival also prompted investors to withdraw their funds for Eid shopping purposes.
The United Commercial Bank (UCB) continued to occupy the first position of the top ten-turnover list with shares worth Tk 112.33 million changing hands. Prices of the UCB opened at Tk 4910 and closed at Tk 4942.50 per share.
Brac Bank was the second turnover leader with its shares worth Tk 60.29 million traded followed by IBBL Perpetual Bond with Tk 50 million, Summit Power Tk49.64 million, BOC with Tk 48.89 million, Dutch Bangla Bank with Tk 40.31 million, Power Grid with Tk 37.41 million, Uttara Bank with Tk 36.97 million, Lafarge Surma Cement Limited with Tk 34.57 million and Trust Bank with Tk 33.23 million.
Atlas Bangladesh was the top gainer with its shares increasing by 7.16 per cent on the day as the A-category company would approve dividend in its 23rd AGM scheduled to be held on coming Thursday.
Fine Foods, Mithun Knit, BDAUTOCA, Keya Cosmetic, Reliance, Nitol Tubes, Islamic Finance, Bd Thai and Janata Insurance were the other gainers.