Dhaka, Bangladesh (BBN) – Dhaka stocks closed higher for the second running session on Wednesday amid fluctuation with increasing turnover value and investors’ participation as the market is showing a sign of stability.
The market took a plunge and registered a 13-point loss in five minutes after day’s trading resumed. The index, however, started to climb amid moderate ups and down and at 1.15pm, it reaches to day’s highest value of 4,791. Since then it started to fall and gradually lost most of the gain and finally ended only 26 points higher.
The benchmark general index of Dhaka Stock Exchange (DGEN), the main gauge of the market went up by 26.84 points or 0.57 per cent to close at 4,695.40.
The broader All Shares Price Index (DSI) rose 20.36 points or 0.52 per cent to close at 3,927.02. The DSE-20 Index comprising blue-chip shares also gained 26.53 points or 0.71 per cent to close at 3,713.92.
Most share prices declined on the day despite the general index showing a positive mode as out of 255 issues traded, 74 advanced, 173 declined while eight remained unchanged.
Turnover value increased slightly and stood at BDT 5.35 billion in value terms against BDT 5.30 billion in the previous session.
A total of 119.18 million shares changed hands on the day against 119.30 million in the previous session. The trade deals were 151,345 against Tuesday’s 153,145.
The total market capitalization of the DSE stood at BDT 2,422.64 billion against BDT 2,409.87 billion in the previous session.
Grameenphone (GP) topped the turnover chart with shares worth BDT 220.09 million changing hands.
The other turnover leaders were Beximco Limited, LankaBangla Finance, United Airways, SIBL, UCBL, RN Spinning, Sumit Power, Jamuna Bank and National Bank.
National Housing Finance and Investment was the day’s highest gainers posting a rise of 10 percent.
It was followed by Rupali Bank, IFIC Bank, Heidelberg Cement, Premier Bank, National Tea Company, Uttara Bank, eastern Cables, City Bank and ACI Limited.
The day’s worst losers included LankaBangla Finance, Dhaka Bank, Modern Dyeing, FAS Finance, Miracle Industries, Prime Insurance, Savar Refractories, First Lease Finance, Anwar Galvanizing and Meghna Pet.
BBN/BB/SI-29Feb12-6:00 pm (BST)