Record-breaking run continues
Saturday, 23 October 2010
FE Report
The Dhaka Stock Exchange witnessed yet another record-breaking run in indices for the fifth straight week that ended Thursday, dominated by fuel and power, and financial institutions issues.
The benchmark index DSE General Index (DGEN) crossed 7600-mark for the first time in the week, ending at fresh high of 7615.37 with a rise of 1.64 per cent or 122.55 points.
The broader All Shares Price Index (DSI) was up by 1.54 per cent or 96.25 points to 6326.48. The DSE-20 comprising blue chip lost 0.57 per cent or 25.04 points to finish at 4395.43.
Fuel and power sector came under spotlight during the week rising 4.43 per cent after heavyweight Titas Gas declared better-than-expected dividends and decided to transfer assets of Brahmanbaria-Ashuganj unit to Bakhrabad Gas Systems Limited at a price of Tk 12.00 billion.
"This has given impetus to the market in the week," said a merchant banker. Among other gaining sectors, non-banking financial institutions soared 2.21 per cent, general insurances 0.80 per cent, life insurances 0.91 per cent and pharmaceuticals 0.18 per cent.
But banking issues, which make up one-third of the market capitalisation, edged 0.14 per cent lower. Other negative performing sectors in the week were telecommunications, cement and tannery.
Turnover increased marginally by 2.58 per cent to Tk 20.42 billion despite the bourse shortened trading session to four from five due to public holiday on Sunday on the occasion of Durga Puja.
Gainers outshined the losers as out of 248 issues traded, 144 closed positive, 102 negative and two were not traded.
Highest volume of trade was seen by Titas Gas in the week as the company announced 25 per cent cash dividend and 10 per cent stock dividend for the year ended on June 30, 2010.
The company also reported that its earning per share (EPS) stood at Tk 85.62 and net asset value (NAV) Tk 245.17 per share.
Titas was the top turnover leader with shares worth Tk 5.80 billion changing hands, which is the highest-ever weekly transaction by a company in the DSE, and ten per cent of the week's total turnover. Shares in Titas closed up by 8.99 pre cent to Tk 1187.
Other turnover leaders were Peoples Leasing, Beximco Ltd, Summit Power, Lankabangla Finance, Prime Finance, One Bank Union Capital, United Airways and Uttara Finance.
National Tea was the week's top gainer posting a rise of 31.01 per cent, followed by Bay Leasing and Investment, Prime Insurance, Apex Foods, Pharmaceuticals, Dulamia Cotton, BIFC, Sonargaon Textiles, Asia Pacific General Insurance and United Insurance.
The week's top losers included Monno Stafllers, BGIC, Agni Systems, ICB AMCL 1st NRB Mutual Fund, Anwar Galvanizing, ICB Employees Provident Mutual Fund, IFIC Bank 1st Mutual Fund, Information Services Network, ICB AMCL 2nd Mutual Fund and Trust Bank 1st Mutual Fund.
The Dhaka Stock Exchange witnessed yet another record-breaking run in indices for the fifth straight week that ended Thursday, dominated by fuel and power, and financial institutions issues.
The benchmark index DSE General Index (DGEN) crossed 7600-mark for the first time in the week, ending at fresh high of 7615.37 with a rise of 1.64 per cent or 122.55 points.
The broader All Shares Price Index (DSI) was up by 1.54 per cent or 96.25 points to 6326.48. The DSE-20 comprising blue chip lost 0.57 per cent or 25.04 points to finish at 4395.43.
Fuel and power sector came under spotlight during the week rising 4.43 per cent after heavyweight Titas Gas declared better-than-expected dividends and decided to transfer assets of Brahmanbaria-Ashuganj unit to Bakhrabad Gas Systems Limited at a price of Tk 12.00 billion.
"This has given impetus to the market in the week," said a merchant banker. Among other gaining sectors, non-banking financial institutions soared 2.21 per cent, general insurances 0.80 per cent, life insurances 0.91 per cent and pharmaceuticals 0.18 per cent.
But banking issues, which make up one-third of the market capitalisation, edged 0.14 per cent lower. Other negative performing sectors in the week were telecommunications, cement and tannery.
Turnover increased marginally by 2.58 per cent to Tk 20.42 billion despite the bourse shortened trading session to four from five due to public holiday on Sunday on the occasion of Durga Puja.
Gainers outshined the losers as out of 248 issues traded, 144 closed positive, 102 negative and two were not traded.
Highest volume of trade was seen by Titas Gas in the week as the company announced 25 per cent cash dividend and 10 per cent stock dividend for the year ended on June 30, 2010.
The company also reported that its earning per share (EPS) stood at Tk 85.62 and net asset value (NAV) Tk 245.17 per share.
Titas was the top turnover leader with shares worth Tk 5.80 billion changing hands, which is the highest-ever weekly transaction by a company in the DSE, and ten per cent of the week's total turnover. Shares in Titas closed up by 8.99 pre cent to Tk 1187.
Other turnover leaders were Peoples Leasing, Beximco Ltd, Summit Power, Lankabangla Finance, Prime Finance, One Bank Union Capital, United Airways and Uttara Finance.
National Tea was the week's top gainer posting a rise of 31.01 per cent, followed by Bay Leasing and Investment, Prime Insurance, Apex Foods, Pharmaceuticals, Dulamia Cotton, BIFC, Sonargaon Textiles, Asia Pacific General Insurance and United Insurance.
The week's top losers included Monno Stafllers, BGIC, Agni Systems, ICB AMCL 1st NRB Mutual Fund, Anwar Galvanizing, ICB Employees Provident Mutual Fund, IFIC Bank 1st Mutual Fund, Information Services Network, ICB AMCL 2nd Mutual Fund and Trust Bank 1st Mutual Fund.