FE Report
Dhaka stocks maintained the rising trend Wednesday from the previous session with significant rise in turnover as investors went for fresh buying despite the countrywide hartal.
Despite the first day of countrywide two-day hartal, enforced by the main opposition BNP and its allies including the Jamaat-e-Islami, the brokerage houses fulfilled their quorum in time and the trading server was logged-in by over 200 brokerage houses within the scheduled time.
However, attendance of investors was thin at the brokerage houses and many investors gave buy and sell orders over telephone, said a stock broker.
The market opened with a positive note, gaining more than 20 points within five minutes and the upbeat mood continued until the closure and finally closed 78 points higher.
The benchmark DSE General Index (DGEN), the yardstick of the DSE, went up by 78.07 points or 1.26 per cent to close at 6,243.33.
The broader All Shares Price Index (DSI) rose 63.68 points or 1.24 per cent and closed to 5,196.53. The DSE-20 index comprising blue-chip shares also advanced 26.93 points or 0.65 per cent to 4,164.26.
Transaction value yet again crossed Tk 10 billion marks after only two days underlying that at the moment market has some liquidity.
With the active participation of investors, turnover value stood at Tk 11.58 billion, up by 32.19 per cent, from Tk 8.76 billion in the previous session.
Wednesday's turnover was also three months high since April 11. On April 11, turnover was Tk 12.24 billion.
Ahsanul Islam Titu, senior vice president of the DSE, said that the rising trend of turnover is a good sign of the market and participation of investors increased following the government's positive steps in the budget.
"The investors went for heavy buying mainly in banking stocks as the sector's PE (Price Earning) ratio is low and healthy half-yearly financial performance report also encouraged investors to buy banking stocks," Mr Islam added.
The investors' are also regaining their confidence in the current positive market trend and they went for fresh buying, he said.
The news of the National Board of Revenue (NBR) on undisclosed money which will be invested in the share markets cannot be withdrawn before June 2013, also made investors positive, said a stock broker.
A total of 138.59 million shares changed hands on the day against 89.47 million in the previous session. The trade deals also increased to 239,994 against Tuesday's 168,872.
Total market capitalization of the DSE increased to Tk 2,901.07 billion against Tk 2,872.33 billion in the previous session.
The gainers took strong lead over the losers as out of the 260 issues traded, 205 advanced, 51 declined and four remained unchanged.
All the major sectors closed positive as buy pressure was seen all across the board.
Mutual funds and banks were biggest gainers on the day. Mutual Funds gained 4.48 per cent and banks advanced 2.18 per cent.
Among the notable gainers---NBFIs gained 1.33 per cent, telecommunications 0.49 per cent; pharmaceuticals 0.88 per cent, cement 1.24 per cent, general insurance 0.61 per cent and textile gained 0.66 per cent.
Tannery and jute sector lost 0.27 per cent and 0.23 per cent respectively while fuel and power closed flat.
Grameenphone (GP), the most weighted shares in the DSE, continued to rise and advanced Tk 0.80 per share and closed at Tk 164.0.
Among top ten most traded shares seven were banks and six banks grabbed the top gainers list. Out of 30 banks in the sector, only three banks lost while 27 advanced.
Beximco Limited topped the turnover list with shares worth Tk 534.44 million changed hands.
The other turnover leaders were Uttara Bank, ONE Bank, MI Cement, IFIC Bank, National Bank, UCBL, City Bank, AB Bank and United Airways.
Mutual Trust Bank was also the day's highest gainer posting a rise of 8.72 per cent.
It was followed by Grameen One: Scheme Two, AIBL First Mutual Fund, Trust Bank, Prime Finance First Mutual Fund, IFIC Bank, Uttara Bank, PHP First Mutual Fund, DBBL and Rupali Bank.
The day's top losers included Savar Refractories, Eastern Lubricants, Purabi General Insurance, Beach Hatchery, Power Grid, Miracle Industries, Monno Jutex, BD Auto Cars, First Security Islami Bank and Anwar Galvanizing.
Dhaka stocks maintained the rising trend Wednesday from the previous session with significant rise in turnover as investors went for fresh buying despite the countrywide hartal.
Despite the first day of countrywide two-day hartal, enforced by the main opposition BNP and its allies including the Jamaat-e-Islami, the brokerage houses fulfilled their quorum in time and the trading server was logged-in by over 200 brokerage houses within the scheduled time.
However, attendance of investors was thin at the brokerage houses and many investors gave buy and sell orders over telephone, said a stock broker.
The market opened with a positive note, gaining more than 20 points within five minutes and the upbeat mood continued until the closure and finally closed 78 points higher.
The benchmark DSE General Index (DGEN), the yardstick of the DSE, went up by 78.07 points or 1.26 per cent to close at 6,243.33.
The broader All Shares Price Index (DSI) rose 63.68 points or 1.24 per cent and closed to 5,196.53. The DSE-20 index comprising blue-chip shares also advanced 26.93 points or 0.65 per cent to 4,164.26.
Transaction value yet again crossed Tk 10 billion marks after only two days underlying that at the moment market has some liquidity.
With the active participation of investors, turnover value stood at Tk 11.58 billion, up by 32.19 per cent, from Tk 8.76 billion in the previous session.
Wednesday's turnover was also three months high since April 11. On April 11, turnover was Tk 12.24 billion.
Ahsanul Islam Titu, senior vice president of the DSE, said that the rising trend of turnover is a good sign of the market and participation of investors increased following the government's positive steps in the budget.
"The investors went for heavy buying mainly in banking stocks as the sector's PE (Price Earning) ratio is low and healthy half-yearly financial performance report also encouraged investors to buy banking stocks," Mr Islam added.
The investors' are also regaining their confidence in the current positive market trend and they went for fresh buying, he said.
The news of the National Board of Revenue (NBR) on undisclosed money which will be invested in the share markets cannot be withdrawn before June 2013, also made investors positive, said a stock broker.
A total of 138.59 million shares changed hands on the day against 89.47 million in the previous session. The trade deals also increased to 239,994 against Tuesday's 168,872.
Total market capitalization of the DSE increased to Tk 2,901.07 billion against Tk 2,872.33 billion in the previous session.
The gainers took strong lead over the losers as out of the 260 issues traded, 205 advanced, 51 declined and four remained unchanged.
All the major sectors closed positive as buy pressure was seen all across the board.
Mutual funds and banks were biggest gainers on the day. Mutual Funds gained 4.48 per cent and banks advanced 2.18 per cent.
Among the notable gainers---NBFIs gained 1.33 per cent, telecommunications 0.49 per cent; pharmaceuticals 0.88 per cent, cement 1.24 per cent, general insurance 0.61 per cent and textile gained 0.66 per cent.
Tannery and jute sector lost 0.27 per cent and 0.23 per cent respectively while fuel and power closed flat.
Grameenphone (GP), the most weighted shares in the DSE, continued to rise and advanced Tk 0.80 per share and closed at Tk 164.0.
Among top ten most traded shares seven were banks and six banks grabbed the top gainers list. Out of 30 banks in the sector, only three banks lost while 27 advanced.
Beximco Limited topped the turnover list with shares worth Tk 534.44 million changed hands.
The other turnover leaders were Uttara Bank, ONE Bank, MI Cement, IFIC Bank, National Bank, UCBL, City Bank, AB Bank and United Airways.
Mutual Trust Bank was also the day's highest gainer posting a rise of 8.72 per cent.
It was followed by Grameen One: Scheme Two, AIBL First Mutual Fund, Trust Bank, Prime Finance First Mutual Fund, IFIC Bank, Uttara Bank, PHP First Mutual Fund, DBBL and Rupali Bank.
The day's top losers included Savar Refractories, Eastern Lubricants, Purabi General Insurance, Beach Hatchery, Power Grid, Miracle Industries, Monno Jutex, BD Auto Cars, First Security Islami Bank and Anwar Galvanizing.
No comments:
Post a Comment