Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 944 Wed. January 24, 2007  
   
Business


DSE turnover comes down to Tk 111.8cr


After a four-day rally, turnover on the Dhaka Stock Exchange (DSE) yesterday dropped slightly, coming down to Tk 111.8 crore.

Earlier on Monday, the turnover on the DSE was Tk 119.06 crore, the highest ever in Bangladesh.

The price indices, however, closed mixed on the DSE. The DSE All Share Price Index rose by 13.84 points or 0.96 percent to close at 1441.58 points while the DSE General Index went down by one point or 0.05 percent finishing at 1761.42 points.

DSE-20 Index, comprising blue chips, also dropped by 20.07 points, or 1.30 percent, to close at 1519.07 points.

A total of 23,712,608 shares of 211 issues worth Tk 111.8 crore were traded on the premier bourse. Of the issues traded, 72 closed in gains, 117 suffered losses and 22 remained unchanged.

The DSE market capitalisation, however, stood at Tk 34,838 crore, which was the highest.

Market analysts said the downtrend proves that the market is enough matured now, as the market witnessed both upward and downtrend during the last couple of days.

"If the market rises continuously, then it will become into an abnormal market," said an expert.

A high official of a merchant bank said although the bourse is witnessing a bullish trend both in turnover and indices, the price of the shares are not much higher.

"We see the price behaviour as normal," said a DSE official.

On the DSE yesterday, Power Grid Company of Bangladesh (PGCB) topped the turnover leaders followed by Dhaka Electric Supply Company of Bangladesh, Summit Power, Southeast Bank and EXIM Bank.

The PGCB, the state-owned power company, topped the list with 579,400 shares worth Tk 18.91 crore.

UNB adds: Trading at Chittagong Stock Exchange (CSE) closed higher yesterday, though the losers dominating the gainers.

The CSE All Share Price Index increased by 1.14 percent to close at 4048.16 points.

The CSE-30 Index, however, shed 1.14 percent to close at 3588.20 points.

A total of 106 issues were traded. Of them, 40 gained, 61 declined and five remained unchanged. Some 5,601,809 shares and debentures worth Tk 25.57 crore changed hands.