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Stocks close almost flat PDF Print E-mail
Wednesday, 04 June 2008

Bdnews24.com

Dhaka stocks ended nearly flat Tuesday with indices edging up after witnessing a sharp fall the previous day.

The country's twin bourses recorded a substantial increase in turnover and trading volume.

Investors drifted into a phase of continuous buying and selling of a mixed portfolio, according to brokerage houses.

"We've dealt with a significant amount of buying and selling today (Tuesday). Speculations of dividend declarations drove the day's trade," an official of IDLC Securities told bdnews24.com.

Meanwhile, market observers termed the day's trading as normal.

"The day was quite alright. Though the indices were almost flat, there was an increase in the volume and total transactions," said investment consultant Bashir Ahmed.

The surge in volume and turnover showed that trade was peaking, mainly due to upcoming corporate declarations, said Bashir who is with brokerage house Stocks & Bonds.

The DGEN or general index remained more or less stable throughout the day and edged up 6.39 points or 0.20 percent at 3125.42 from the previous day.

The DSI or all-share price index ended on 2652.66, up by 5.26 points or 0.19 percent while the bourse's blue chip DSE-20 slipped 0.36 points or 0.01 percent to 2568.77.

Turnover on the country's prime bourse rose to Tk 4.45 billion from Tk 3.94 billion through 27,280,014 shares changing hands.

Of the traded issues, 113 advanced, 119 declined and ten remained unchanged.
AIMS 1st Mutual Fund topped the turnover board, advancing 6.08 percent at Tk 25.10.

S Alam Cold Rolled Steels, second in line, ended 10.68 percent higher at Tk 367.75.

AB Bank rose 9.65 percent to Tk 1439.75 following Monday's losses due to price adjustment over the bank's ex-benefit trade.

Market major Square Pharmaceuticals ended on Tk 5293.25, down 0.04 percent while Shahjalal Bank lost 9.34 percent to finish at Tk 327.50.

Among the other scrips—BRAC Bank, IFIC and Al-Arafah Islami Bank—advanced.

Keya Cosmetics and Union Capita lost after investors locked in profits.

Indices on the Chittagong Stock Exchange ended higher paced by gains in ceramic, engineering and paper & printing shares.

The CSCX or selective categories index rose 16.17 points or 0.27 percent to 5965.60 while the CASPI or all-share price index ended on 9234.81, rising 18.89 points or 0.20 percent.

The CSE-30 blue-chip index surged 47.15 points or 0.58 percent to finish at 8116.10.

Turnover on the port city's bourse surged to Tk 656.774 million from Monday's Tk 504.60 million from 5,148,589 traded shares.

Losers beat gainers 80 to 75 and three issues held steady.

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