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DSE regains backed by GP

Feb 17, 2010

Dhaka stock regained the market condition backed by the telecom giant GP which gained TK 20 within a single day. But all the other sectors were downward yesterday.

Single issue GP gained 6.01 per cent, which led the index as total market capital of GP was 18 per cent yesterday. Banking and financial institutions, insurance, mutual funds, pharmaceuticals, textile almost all the sectors' price fall was observed yesterday.

Experienced investors commented the market as a single issue driven market while all the other sectors remained downward.

The benchmark DSE General Index (DGEN) ended with a gain of 0.29 per cent to close at 5745 points. Market was started with a short fall of 20 points but regained sharply within half an hour. Market fluctuated frequently up to the end of trading.

The broader DSE all share price index (DSI) rose 10 points to close at the 4700 points. But the blue chip index DSE20 lost 45 points or 1.4 per cent to close at the 3134 points. As all the sectors went down yesterday, the blue chip index lost 0.22 per cent.

Total turnover stood at TK 1469 crore which was decreased by TK 183 crore from the previous trading day. Out of 243 issues traded 157 lost, 79 advanced and seven remain unchanged.

Following the previous day trend, Beximco led the top traders trading TK. 182 crore. The followers were Lanka bangla Finance, AB Bank, GP, Bextex, Navana CNG, summit power, Keya cosmetics, premier Bank and National Bank Ltd.

The major gainers were Miracle Industries, Meghna Condensed Milk, Lanka Bangla Finance, Modern Dye, Golden son, GP, Keya Cosmetics, ICB Islamic MF, BD Com and Marcantile Bank.

United Insurance, BLTC, HR Textile, Brac Bank, Mithun Knitting, Kohinoor chemicals, Trust Bank, Samorita, Southeast Bank and Dhaka Bank Ltd were the major losers yesterday.

Source:the Daily Independent


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