Stocks returned to the black yesterday, breaking a three-day losing streak, as investors took fresh position in the market amid optimism.

DGEN, the benchmark general index of Dhaka Stock Exchange, finished the day at 4,589.33 points, after surging of 44.93 points or 0.98 percent.

The market gauge slipped 53 points within 10 minutes of the opening hour of trading. Turnover on the DSE floor rose 0.19 percent to Tk 783 crore than the previous day.

A total of 1.72 lakh trades were executed with 21.18 crore shares and mutual fund units changed hands on the Dhaka bourse.

“A total of 34 companies generated more than 7 percent gain. Top 20 traded stocks dominated the market activity. Top 20 traded companies had a total turnover of Tk 377 crore, which is equivalent to 48 percent of the day's total turnover,” said LankaBangla Securities, a leading stockbroker.

Of the 274 issues that traded on the DSE, 215 advanced, 53 declined and six remained unchanged.

Among the major sectors, banks gained the most, went up 1.87 percent followed by telecom 1.37 percent, non-bank financial institutions 0.61 percent and pharma 0.25 percent.

United Airways topped the turnover leader for the third day with 3.20 crore shares worth Tk 100.6 crore changed hands on the premier bourse.

RN Spinning Mills and Bangladesh Submarine Cable Company were the next popular stocks of the day.

CMC Kamal was the biggest gainer of the day, posted a 10 percent rise while Delta Spinners was the worst loser, slumping by 7.14 percent.

News: The Daily Star/Bangladesh/2nd-Oct-12

Stocks returned to the black yesterday riding on investor optimism fuelled with renewed possibility of World Bank's loan revival for the Padma bridge.

DGEN, the benchmark General Index of Dhaka Stock Exchange, finished the day at 4,632.10 points, after surging 53.20 points or 1.89 percent.

Media reports on the one-month leave of Mashiur Rahman, the prime minister's economic affairs adviser, stroked investor sentiments positively as it demonstrated the government's intent to get the $1.2 billion loan from World Bank for Padma Bridge construction, LankaBangla Securities said.

“Investors' optimism about the Padma bridge financing helped the market to have a broad based rally,” stated IDLC Investments.

A strong liquidity inflow supported by optimistic buying by the investors pulled the market and helped it break above 4,600 points, it said.

“Cement rallied strongly at the news of possible breakthrough about the latest of World Bank financing,” the merchant bank said.

Turnover rose 14.49 percent to Tk 1,089 crore, compared to the previous day.

A total of 2.14 lakh trades were executed with 22.47 crore shares and mutual fund units changing hands.

Newly listed companies continued to dominate the top gainers list. Financial sector companies had corrections after posting gains.

Among all the major sectors, information technology rose 7 percent, followed by textile at 6.92 percent and cement by 4.54 percent. Banks closed in the red.

News: The Daily Star/Bangladesh/19-Sep-12

Stocks edged lower Monday as late profit taking selling pressure cut early sharp gains.

The benchmark DSE General Index (DGEN), the market’s main gauge, closed at 4548.89 with a slight fall of 16.82 points, chipping away gains of 134.21 points seen in the previous session. The broader All Shares Price Index (DSI) lost 8.78 points or 0.22 per cent to 3857. But the DSE-20 Index comprising blue chips shares gained 9.82 points or 0.27 per cent to 3528.86.

Chittagong Stock Exchange Selective Categories Index, CSCX, was down 38.92 points to 8853.36.
Losers took a marginal lead over the winners as out of 276 issues traded, 108 closed positive, 154 negative and 14 remained unchanged.

The market started with high note, gaining more than 64 points. However, as the session progressed, sell pressure wiped out the early hour gain. The market paused on the day as investors were concentrated to profit booking and cautious movement.

Most profit booking took place on general insurance and financial institutions that shed 2.43 per cent and 2.13 per cent respectively.

Cement sector was the major exception with a rise of 4.48 per cent.

The market was a bit slower than the previous session as investors were on selling mood rather than buying. 
Turnover in value stood at Tk 9.51 billion, down 16 per cent from Sunday’s Tk 11.36 billion-- the second highest single day turnover since April 15 this year.

The state owned Titas Gas continued to top the turnover chart for the sixth straight sessions with shares worth Tk 520.27 million changed hands. The other turnover leaders were United Airways, RN Spinning, Bangladesh Submarine Cable Company, MI Cement, Unique Hotel, Jamuna Oil and National Bank.

Grameen Scheme One was the day’s top gainer posting a rise of 9.88 per cent followed by First Prime Mutual Fund, Bangas, HR Textile, DBH First Mutual Fund, BSRM Steel and Saiham Cotton.

The day’s worst losers included Islamic Finance, National Polymer, Unique Hotel, Delta Spinning and Takaful Insurance.

News: The Daily Independent/Bangladesh/18-Sep-12

The country’s premier bourse Tuesday saw a record turnover in value hitting a five-month high as the investors - both institutional and small investors – went on buying more shares expecting further rise in prices.

The day’s turnover at the Dhaka Stock exchange (DSE) stood at Tk 9.4 billion, 23.7 percent higher than last session’s value. It was the highest since 18 April 2012 when the value reached at Tk 9.91 billion.

“The recent stable scenario coupled with healthy turnover, attracted investors to make fresh investment in lucrative stocks,” said IDLC Investment in its regular market commentary. Activity flourished in the bourse as bullish sentiment continued, it added.

“The turnover at the DSE increased due to institutional investor’s participation,” said Akter Hossain Sannamat, Managing Director of Union Capital.

Besides, foreign investment expedited the rally in share values, he said adding, “Long-term investments of institutional investors will help market restore small investors’ confidence.

DGEN, the benchmark general index of the DSE went up by 57 points or 1.30 per cent to close at 4,414.

The DSE broader All Shares Price Index (DSI) jumped by 47 points or 1.27 per cent to 3,731 while the DSE-20 Index comprising blue chips went up by 7 points or 0.20 per cent to 3,375.

Out of 270 issues traded, 188 advanced, 66 declined and 16 remained unchanged.

Apart from shares in telecommunications sector, that lost 0.52 percent, all the major sectors gained on Tuesday.

Amid buoyant trading, the shares under the power sector soared by 2.77 percent followed by non-banking financial institutions 2.74 percent, pharmaceuticals by 0.74 percent and banks 0.51 percent.

A total of 194.10 million shares changed hands on the day against 145.77 million in the previous trading session. The number of deals also increased to 195,920 against Monday’s 167,134.

The Titas Gas, that gained 5.2 percent, was the highest traded stock of the day with a total turnover of Tk 924.4 million.

The other turnover leaders were United Airways, Bangladesh Submarine Cable Company, Saiham Cotton Mills, Unique Hotel and Resorts, Keya Cosmetics, Jamuna Oil, RN Spinning, MI Cement Factory and Aamra Technologies.

GBB Power was the day’s top gainer, posting a 9.97 percent rise followed by RD Food, Metro Spinning, Aamra Technologies, Delta Spinners, Deshbandhu Polymer, Tallu Spinning, Malek Spinning, Makson Spinning and Sonargaon Textile.

The day’s worst losers were MBL First Mutual Fund, Standard Insurance, Pragati Life Insurance, National Tea Company, Peoples Insurance, Midas Financing, Padma Life Insurance, Reckitt Benckiser, Shympur Sugar Mills and Eastern Lubricants.

News: The Daily Sun/Bangladesh/12-Sep-12

Stocks returned to the red yesterday, after investors went on a selling spree to take profit.

DGEN, the benchmark General Index of Dhaka Stock Exchange, finished the day at 4,357.17 points, after dropping 27.81 points or 0.63 percent. Turnover rose 24.38 percent to Tk 759 crore from the previous day.

“The government's strict stance to probe the Hall-Mark scam and expectation for amicable settlement with World Bank spurred investors' sentiment,” IDLC Investments said in its daily analysis.

In addition, healthy turnover helped to grow investors' confidence, it said.

“Amid such a scenario, DGEN gained by 81 points in the opening hour. However, it lost the early hour gain and closed in the negative territory.”

“Recently, DSE appears to be a lot more active than it was a couple of weeks ago,” said Green Delta LR Holdings, adding that experts believe higher participation of investors is the main reason for that.

A total of 1.6 lakh trades were executed, with 14.57 crore shares and mutual fund units changing hands on the Dhaka bourse.

Of the issues that traded on the DSE, 171 issues declined, 78 advanced and 21 remained unchanged.

Non-bank financial institutions gained 0.98 percent and power 0.47 percent which were the gainers of the day. Banks lost 1.44 percent, followed by telecom 1.32 percent and pharma 0.13 percent.

Titas Gas featured in the most traded stocks where 93.74 lakh shares worth Tk 83.62 crore changed hands.

GBB Power was the biggest gainer of the day, as it posted a 10 percent gain, while Grameen Mutual Fund was the worst loser, plunging by 5.72 percent.

The Selective Categories Index of Chittagong Stock Exchange closed the day at 8,408.01 points, after falling 61.06 points or 0.72 percent.

Losers beat gainers 147 to 43 with 11 issues remained unchanged on the port city bourse that traded 1.82 crore shares and mutual fund units worth Tk 80.55 crore in turnover.

News: The Daily Star/Bangladesh/11-Sep-12