Stocks see marginal gain after ceaseless fall in 7 sessions
BSS, Dhaka :
Dhaka Stock Exchange (DSE) saw marginal gain on Monday after witnessing fall in the seven consecutive sessions that began on February 26.
The key DSEX index inched up at 4626.22 to close the week’s second session positive while the blue-chip DS30 and Shariah DSES followed the broader indicator to ease up at 1714.66 and 1105.75 respectively. The DSEX hit a five-week low on Sunday as the countrywide continuous blockade and recurring strikes, called by BNP-Jamaat alliance, passed two months.
The market saw little bit higher activities on Monday on scrip-focused trading, which resulted in price rise of A-category and newly listed issues. Most of the B-category issues also gained on the day. On DSE, B-category refers to the companies, which are regular in holding the annual general meetings, but failed to declare dividend at least at the rate of 10.0 percent in the past year.
Conversely, the A-category includes the companies, which holds the annual general meetings and declared dividend at the rate of 10 percent or more in the past year.
Among the day’s 135 advancing issues, 114 were from A-category while 10 out of the traded 15 scrips of B-category closed up. Four out of five new issues also saw some gains at close. The higher gaining issues drove the daily turnover to 7.02 crore shares worth of Taka 279.74 crore from Sunday’s 5.70 crore shares of Taka 249 crore.
The market was apparently not for mutual funds as 13 funds incurred loss against seven gainers while the total number of lagging issues from all sectors was 127.
Anwar Galvanizing topped the gainers after the company announced expansion programme. The company informed the market regulator that it would install the latest technology to double the capacity of the plant, which would also make the company capable of re-using the wastage up to 80 percent.
The other advancing issues were Reliance Insurance, Dacca Dyeing, RSRM Steel and Alltex. The major losers included MTB, Progressive Life, SPCL, Kay and Que and 1st Prime Mutual Fund.
SPCL was the day’s turnover leader followed by Shasha Denim, SIBL, GP and Ifad Autos.
Dhaka Stock Exchange (DSE) saw marginal gain on Monday after witnessing fall in the seven consecutive sessions that began on February 26.
The key DSEX index inched up at 4626.22 to close the week’s second session positive while the blue-chip DS30 and Shariah DSES followed the broader indicator to ease up at 1714.66 and 1105.75 respectively. The DSEX hit a five-week low on Sunday as the countrywide continuous blockade and recurring strikes, called by BNP-Jamaat alliance, passed two months.
The market saw little bit higher activities on Monday on scrip-focused trading, which resulted in price rise of A-category and newly listed issues. Most of the B-category issues also gained on the day. On DSE, B-category refers to the companies, which are regular in holding the annual general meetings, but failed to declare dividend at least at the rate of 10.0 percent in the past year.
Conversely, the A-category includes the companies, which holds the annual general meetings and declared dividend at the rate of 10 percent or more in the past year.
Among the day’s 135 advancing issues, 114 were from A-category while 10 out of the traded 15 scrips of B-category closed up. Four out of five new issues also saw some gains at close. The higher gaining issues drove the daily turnover to 7.02 crore shares worth of Taka 279.74 crore from Sunday’s 5.70 crore shares of Taka 249 crore.
The market was apparently not for mutual funds as 13 funds incurred loss against seven gainers while the total number of lagging issues from all sectors was 127.
Anwar Galvanizing topped the gainers after the company announced expansion programme. The company informed the market regulator that it would install the latest technology to double the capacity of the plant, which would also make the company capable of re-using the wastage up to 80 percent.
The other advancing issues were Reliance Insurance, Dacca Dyeing, RSRM Steel and Alltex. The major losers included MTB, Progressive Life, SPCL, Kay and Que and 1st Prime Mutual Fund.
SPCL was the day’s turnover leader followed by Shasha Denim, SIBL, GP and Ifad Autos.
