Unabated bull run pushes DSE cap up above Tk 2.0tr
Saturday, 16 January 2010
FE Report
Dhaka Stock Exchange (DSE) saw bull-run for the fourth consecutive week that ended Thursday sending indices, turnover and market capitalisation to their new heights.
The market capitalisation at DSE crossed Tk 2.0 trillion-mark for the first time, which is 33 per cent of the country's GDP (Gross Domestic Product).
During the week, the benchmark DSE General Index (DGEN), the main gauge of the market, surged by 115.96 points or 2.46 per cent to close at 4838.06, which is an all time high.
Broader All-Share Price Index (DSI) jumped by 96.12 points or 2.46 per cent to 3,904.66 while the DSE-20 index comprising blue chip issues rose by 131.03 points or 5.01 per cent to close at 2744.52.
Buoyed by the gradual entry of untaxed money into the market and persistent bullish sentiment, investors took position afresh on expectation of good return in the coming days, according to dealers and analysts.
"This has mainly helped the market persistent gain," said a leading stockbroker.
The rise in share prices of Grameenphone, the country's largest mobile phone operator accounting for 17 per cent of the total market capitalisation, also contributed to market bullishness during the week.
Though the market remained buoyant throughout the week, the DGEN, however, plummeted more than 90 points in the fourth session Wednesday due to rumour of suspension of netting facility.
But, it bounced back in the next session gaining 134 points, which was a two-month single-day rise after officials of the Securities and Exchange Commission clarified that it did not intervene the market.
The average daily turnover stood at Tk 12.04 billion, 10.86 per cent higher than that of the previous week.
The number of gainers and losers remained same during the week as out of the total 256 issues, 122 scrips advanced, 122 lost, two unchanged and 10 were not traded.
Beximco Ltd, the flagship company of the industrial conglomerate Beximco Group, was the week's top turnover leader with shares worth Tk 3.59 billion trading.
Other leading turnover leaders were Grameenphone, Jamuna Oil, Power Grid, Lankabangla Finance, Titas Gas, Meghna Petroleum, Desco, AB Bank and Prime Bank.
Peoples Insurance was the week's highest gainer registering a rise of 29.33 per cent after the news that it got approval for issuance of rights shares at the ratio of 1:1.
It was followed by Beach Hatchery, Sonali Aansh, Eastland Insurance, Karnaphuli Insurance, Meghna Petroleum, 5th ICB Mutual Fund, Aramit, National Life Insurance and Fu Wang Food.
The major losers were S Alam Cold Rolled Steels, Monno Jutex, Uttara Finance , Meghna Cement, Samorita Hospital, First Lease Finance and Investment, Apex Foods, Standard Insurance, Phoenix Finance and Rupali Bank.
Dhaka Stock Exchange (DSE) saw bull-run for the fourth consecutive week that ended Thursday sending indices, turnover and market capitalisation to their new heights.
The market capitalisation at DSE crossed Tk 2.0 trillion-mark for the first time, which is 33 per cent of the country's GDP (Gross Domestic Product).
During the week, the benchmark DSE General Index (DGEN), the main gauge of the market, surged by 115.96 points or 2.46 per cent to close at 4838.06, which is an all time high.
Broader All-Share Price Index (DSI) jumped by 96.12 points or 2.46 per cent to 3,904.66 while the DSE-20 index comprising blue chip issues rose by 131.03 points or 5.01 per cent to close at 2744.52.
Buoyed by the gradual entry of untaxed money into the market and persistent bullish sentiment, investors took position afresh on expectation of good return in the coming days, according to dealers and analysts.
"This has mainly helped the market persistent gain," said a leading stockbroker.
The rise in share prices of Grameenphone, the country's largest mobile phone operator accounting for 17 per cent of the total market capitalisation, also contributed to market bullishness during the week.
Though the market remained buoyant throughout the week, the DGEN, however, plummeted more than 90 points in the fourth session Wednesday due to rumour of suspension of netting facility.
But, it bounced back in the next session gaining 134 points, which was a two-month single-day rise after officials of the Securities and Exchange Commission clarified that it did not intervene the market.
The average daily turnover stood at Tk 12.04 billion, 10.86 per cent higher than that of the previous week.
The number of gainers and losers remained same during the week as out of the total 256 issues, 122 scrips advanced, 122 lost, two unchanged and 10 were not traded.
Beximco Ltd, the flagship company of the industrial conglomerate Beximco Group, was the week's top turnover leader with shares worth Tk 3.59 billion trading.
Other leading turnover leaders were Grameenphone, Jamuna Oil, Power Grid, Lankabangla Finance, Titas Gas, Meghna Petroleum, Desco, AB Bank and Prime Bank.
Peoples Insurance was the week's highest gainer registering a rise of 29.33 per cent after the news that it got approval for issuance of rights shares at the ratio of 1:1.
It was followed by Beach Hatchery, Sonali Aansh, Eastland Insurance, Karnaphuli Insurance, Meghna Petroleum, 5th ICB Mutual Fund, Aramit, National Life Insurance and Fu Wang Food.
The major losers were S Alam Cold Rolled Steels, Monno Jutex, Uttara Finance , Meghna Cement, Samorita Hospital, First Lease Finance and Investment, Apex Foods, Standard Insurance, Phoenix Finance and Rupali Bank.