Market overcomes mutiny shock
FE Report | Saturday, 7 March 2009
Dhaka stocks remained steady in the week that ended Thursday, overcoming the shock the market had suffered due to the bloody mutiny in BDR headquarters the week before.
During the week, the benchmark DSE General Index (DGEN) gained only 4.24 points to end at 2575.20. The All Shares Price Index (DSI) ended at 2146.65 with a rise of 2.36 points and the DSE-20 blue chip index finished at 2106.11 with a gain of 20.18 points.
The market showed stability in the week as the investors heaved a sigh of relief following the end of the BDR mutiny, according to the market operators.
On Wednesday, the prime bourse took some tough measures, putting a break on unusual price movement of junk shares.
The bourse has taken a set of measures that envisages exclusion of Z-category companies from the top ten gainers' list, halting of trade and delisting.
The decision came in the wake of what DSE says, 'irrational and abnormal' rise in trading of junk shares and smelling some 'foul-play' in the unusual trading of these shares.
In the week, the gainers took a lead over the losers. Out of 297 issues traded, 158 advanced, 107 declined, six remained unchanged and 26 were not traded in the week.
The daily average turnover slightly decreased to Tk 3.69 billion against the previous week's k 3.77 billion.
The market registered a sharp rise in the first session over the return of normalcy following the end BDR mutiny on February 26.
The market capitalisation remained steady at Tk 1.00 trillion in the week.
Shinepukur Ceramics Limited was the top turnover leader with shares worth Tk 1.20 billion traded and accounted for about 6.46 per cent of the week's total market turnover of Tk 18.83 billion at the prime bourse.
In the week, Summit Power, Beximco Pharma, Aims First Mutual Fund, S Alam Cold Rolled Steels Limited, Beximco Limited, Summit Alliance Port Limited, Uttara Bank, Grameen One Scheme Two Mutual Fund and Titas Gas were the other next turnover leaders.
Among the week's top ten gainers, five came from the Z-category.
The top ten gainers were M Hossain Garments, Saleh Carpet, BEMCO, Rupali Insurance, Global Insurance, Eagle Star Textile, BD Thai Aluminum, Purabi General Insurance and Peoples Insurance.
Dutch-Bangla Bank Limited (DBBL) was the top loser in the week as it went for ex-dividend. Its share price was down by 39 per cent in the week.
In the second session, price adjustment of the DBBL shares after corporate benefits of 50 per cent stock dividend pulled down the indices
The other next top losers were Rose Heaven, Beach Hatchery Limited, Maq Paper, Monno Stafflers, Maq Paper, Al-Haj Textile, Aziz Pipes, Sonali Aansh and BCIL.
The A-category issues accounted for 70.97 per cent of the total turnover in value during the week, while B-category issues accounted for 5.23 per cent, N-category 17.58 per cent and Z-category 6.22 per cent.
During the week, the benchmark DSE General Index (DGEN) gained only 4.24 points to end at 2575.20. The All Shares Price Index (DSI) ended at 2146.65 with a rise of 2.36 points and the DSE-20 blue chip index finished at 2106.11 with a gain of 20.18 points.
The market showed stability in the week as the investors heaved a sigh of relief following the end of the BDR mutiny, according to the market operators.
On Wednesday, the prime bourse took some tough measures, putting a break on unusual price movement of junk shares.
The bourse has taken a set of measures that envisages exclusion of Z-category companies from the top ten gainers' list, halting of trade and delisting.
The decision came in the wake of what DSE says, 'irrational and abnormal' rise in trading of junk shares and smelling some 'foul-play' in the unusual trading of these shares.
In the week, the gainers took a lead over the losers. Out of 297 issues traded, 158 advanced, 107 declined, six remained unchanged and 26 were not traded in the week.
The daily average turnover slightly decreased to Tk 3.69 billion against the previous week's k 3.77 billion.
The market registered a sharp rise in the first session over the return of normalcy following the end BDR mutiny on February 26.
The market capitalisation remained steady at Tk 1.00 trillion in the week.
Shinepukur Ceramics Limited was the top turnover leader with shares worth Tk 1.20 billion traded and accounted for about 6.46 per cent of the week's total market turnover of Tk 18.83 billion at the prime bourse.
In the week, Summit Power, Beximco Pharma, Aims First Mutual Fund, S Alam Cold Rolled Steels Limited, Beximco Limited, Summit Alliance Port Limited, Uttara Bank, Grameen One Scheme Two Mutual Fund and Titas Gas were the other next turnover leaders.
Among the week's top ten gainers, five came from the Z-category.
The top ten gainers were M Hossain Garments, Saleh Carpet, BEMCO, Rupali Insurance, Global Insurance, Eagle Star Textile, BD Thai Aluminum, Purabi General Insurance and Peoples Insurance.
Dutch-Bangla Bank Limited (DBBL) was the top loser in the week as it went for ex-dividend. Its share price was down by 39 per cent in the week.
In the second session, price adjustment of the DBBL shares after corporate benefits of 50 per cent stock dividend pulled down the indices
The other next top losers were Rose Heaven, Beach Hatchery Limited, Maq Paper, Monno Stafflers, Maq Paper, Al-Haj Textile, Aziz Pipes, Sonali Aansh and BCIL.
The A-category issues accounted for 70.97 per cent of the total turnover in value during the week, while B-category issues accounted for 5.23 per cent, N-category 17.58 per cent and Z-category 6.22 per cent.