The bullish trend of the Dhaka Stock Exchange (DSE) continued for the second straight week with turnover rise substantially following government and central bank's desperate effort to stabilise the market to regain the investors' confidence.
During the week the investors' participation has increased substantially as the present market trend have boosted up their confidence and the market hopefully would be more stable in near future as the proposed budget is capital market-friendly, said a merchant banker.
There were five trading sessions in the week and all sessions gained in the week.
The benchmark index DGEN, the yardstick of the DSE ended at 5,989.81, rising 227.10 points or 3.94 per cent.
The broader DSE All Shares Price Index (DSI) rose 179.20 points or 3.73 per cent to close at 4,978.41. The DSE-20 index including blue chips also rose 142.99 points or 3.76 per cent to 3,942.66.
Amid greater participation from the small and institutional investors turnover increased significantly in the week with total turnover value stood at Tk 35.5 billion (US$ 499.6 million), which was Tk 25.12 billion in the previous week.
This was also the highest weekly turnover in the last eight weeks.
The average daily turnover in the week stood at Tk 7.1 billion (US$ 70.8 million) in the week a 41.2 per cent rise compared to the previous week.
The market capitalisation was Tk 2,686.31 billion in the opening day of the week and at the end of the week, it stood at Tk 2,758.90 billion, which was 2.70 per cent higher.
Out of 264 issues traded, 149 advanced, 111 declined and four remained unchanged during the week.
Banking sector gained 9.26 per cent during the week and it was the biggest gainer of the week while turnover of the sector rise 103.94 per cent almost doubled compared to the previous week.
Banks also led the gainers list as eight banks emerged at the top ten gainers list in the week.
Telecommunications closed flat while general insurance gained 0.58 per cent, life insurance gained 0.12 per cent, NBFIs gained 1.09 per cent, pharmaceuticals gained 1.04 per cent and cement advanced 1.46 per cent in the week.
United Commercial Bank Ltd topped the week's turnover list with shares worth Tk 1.48 billion changed hands.
United Airways, BSRM Steels Limited, MI Cement, Aftab Automobiles, National Bank, Peoples Leasing, Beximco Limited, LankaBangla Finance and Prime Bank were other turnover leaders of the week.
Pubali Bank was the week's top gainer, posting 25.77 per cent gain. It was followed by GQ Ball Pen, Uttara Bank, UCBL, Eastern Bank, Reckitt Benckiser (Bd.) Ltd, City Bank, AB Bank, Prime Bank and IFIC Bank.
The week's top losers included Alltex Industries Ltd, Anwar Galvanizing, Dulamia Cotton, Samata Leather Complex Ltd, Savar Refractories, Monno Stafflers, Miracle Industries, BSC, Libra Infusion and BIFC.
On Sunday, the market closed flat amid high volatility in the trading session in a day of dawn-to-dusk hartal enforced by the main opposition BNP and Bangladesh Jamaat-e-Islami. The index rose only 0.17 points or 0.003 per cent.
Despite the hartal the brokerage houses fulfilled their quorum in time and Over 200 brokerage houses were logged-in the trading server in the scheduled time of start of the trading. According to the rules, at least 72 brokerage houses were required to log-in to fulfill the quorum, said a DSE official.
On Monday, the market gained 81.84 points or 1.42 per cent for the third straight session as the investors went for fresh buying ahead of the national budget while turnover value increased to Tk 6.70 billion, up by 19.43 per cent in the previous session.
On Tuesday, the market ended at 5,941.77; rising 97.04 points or 1.66 per cent with turnover volume reaches two month high as the investors opted to buy shares in the available attractive prices.
On Wednesday, the market ended with marginal gain of 7.35 points or 0.12 per cent amid high volatility in the trading session as majority of the investors opted to observe the situation just a day before national budget announcement.
Turnover declined to 12.08 per cent to Tk 7.71 billion on the day.
On Thursday, the market gained 40.69 points or 0.68 per cent. Turnover was highest on Tuesday at Tk 8.8 billion, the day the market recorded the highest gain while turnover was lowest Sunday at Tk 5.6 billion.
Only one company announced corporate declaration during the week --GQ Ball Pen recommended 20 per cent stock dividend for the year that ended December 31, 2010.
During the week the investors' participation has increased substantially as the present market trend have boosted up their confidence and the market hopefully would be more stable in near future as the proposed budget is capital market-friendly, said a merchant banker.
There were five trading sessions in the week and all sessions gained in the week.
The benchmark index DGEN, the yardstick of the DSE ended at 5,989.81, rising 227.10 points or 3.94 per cent.
The broader DSE All Shares Price Index (DSI) rose 179.20 points or 3.73 per cent to close at 4,978.41. The DSE-20 index including blue chips also rose 142.99 points or 3.76 per cent to 3,942.66.
Amid greater participation from the small and institutional investors turnover increased significantly in the week with total turnover value stood at Tk 35.5 billion (US$ 499.6 million), which was Tk 25.12 billion in the previous week.
This was also the highest weekly turnover in the last eight weeks.
The average daily turnover in the week stood at Tk 7.1 billion (US$ 70.8 million) in the week a 41.2 per cent rise compared to the previous week.
The market capitalisation was Tk 2,686.31 billion in the opening day of the week and at the end of the week, it stood at Tk 2,758.90 billion, which was 2.70 per cent higher.
Out of 264 issues traded, 149 advanced, 111 declined and four remained unchanged during the week.
Banking sector gained 9.26 per cent during the week and it was the biggest gainer of the week while turnover of the sector rise 103.94 per cent almost doubled compared to the previous week.
Banks also led the gainers list as eight banks emerged at the top ten gainers list in the week.
Telecommunications closed flat while general insurance gained 0.58 per cent, life insurance gained 0.12 per cent, NBFIs gained 1.09 per cent, pharmaceuticals gained 1.04 per cent and cement advanced 1.46 per cent in the week.
United Commercial Bank Ltd topped the week's turnover list with shares worth Tk 1.48 billion changed hands.
United Airways, BSRM Steels Limited, MI Cement, Aftab Automobiles, National Bank, Peoples Leasing, Beximco Limited, LankaBangla Finance and Prime Bank were other turnover leaders of the week.
Pubali Bank was the week's top gainer, posting 25.77 per cent gain. It was followed by GQ Ball Pen, Uttara Bank, UCBL, Eastern Bank, Reckitt Benckiser (Bd.) Ltd, City Bank, AB Bank, Prime Bank and IFIC Bank.
The week's top losers included Alltex Industries Ltd, Anwar Galvanizing, Dulamia Cotton, Samata Leather Complex Ltd, Savar Refractories, Monno Stafflers, Miracle Industries, BSC, Libra Infusion and BIFC.
On Sunday, the market closed flat amid high volatility in the trading session in a day of dawn-to-dusk hartal enforced by the main opposition BNP and Bangladesh Jamaat-e-Islami. The index rose only 0.17 points or 0.003 per cent.
Despite the hartal the brokerage houses fulfilled their quorum in time and Over 200 brokerage houses were logged-in the trading server in the scheduled time of start of the trading. According to the rules, at least 72 brokerage houses were required to log-in to fulfill the quorum, said a DSE official.
On Monday, the market gained 81.84 points or 1.42 per cent for the third straight session as the investors went for fresh buying ahead of the national budget while turnover value increased to Tk 6.70 billion, up by 19.43 per cent in the previous session.
On Tuesday, the market ended at 5,941.77; rising 97.04 points or 1.66 per cent with turnover volume reaches two month high as the investors opted to buy shares in the available attractive prices.
On Wednesday, the market ended with marginal gain of 7.35 points or 0.12 per cent amid high volatility in the trading session as majority of the investors opted to observe the situation just a day before national budget announcement.
Turnover declined to 12.08 per cent to Tk 7.71 billion on the day.
On Thursday, the market gained 40.69 points or 0.68 per cent. Turnover was highest on Tuesday at Tk 8.8 billion, the day the market recorded the highest gain while turnover was lowest Sunday at Tk 5.6 billion.
Only one company announced corporate declaration during the week --GQ Ball Pen recommended 20 per cent stock dividend for the year that ended December 31, 2010.
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