Dhaka stocks ended another flat session Thursday amid choppy trading
with turnover crossing Tk 6.0 billion mark after 12-session as earnings
expectations prompted to shape market sentiment.
The prime index of the Dhaka Stock Exchange (DSE) --- DSEX --- saw no significant movement which retraced less than a single point (0.39 point) to close the session at 4,749.87 points.
However, the other two indices ended mildly positive. The DS30 index, comprising blue chips gained 5.17 points or 0.30 per cent to close at 1,693.91 points. The DSE Shariah Index (DSES) advanced 9.87 points or 0.99 per cent to close at 1002.41 points.
The market total turnover on DSE improved to Tk 6.46 billion, registering 63.13 per cent increase over the previous session's value of Tk 3.96 billion.
"Handsome dividend declaration of two listed multi-national companies created enthusiasm amongst the investors. Consequently, the turnover reached its 14-session high," commented International Leasing Securities, in its daily market analysis.
BATBC and Singer Bangladesh made corporate declaration Thursday. BATBC recommended 620 per cent cash dividend while Singer Bangladesh declared 100 per cent cash and 25 per cent sock dividend for the year ended on December 31, 2013.
"Overall market condition, however, prolonged its flat vibe like last few sessions," the International Leasing Securities added.
"Dullness continued as well, while earnings expectations prompted to shape market sentiment," said IDLC Investments.
Broad index, DSEX lost marginally. However, the other two indices, DSES and DS30 ended mildly positive, implying a better performance of stocks listed in these two indices, the merchant bank said.
"The market remained volatile, with over 50 scrips showing more than 3.0 per cent movements," said the merchant bank.
Meanwhile, corporate declarations made some strong ripples across the bourse. Notably, good dividend declarations of Singer BD and BATBC assisted boosting up in their prices by 13.29 per cent and 4.56 per cent, respectively, the merchant bank added.
"After moving in a zigzag trend with some gains and losses throughout the day, the market slowly drifted lower during the end," observed Zenith Investments.
However, the turnover volume was quite high as investors' interest was mainly alive in blue chip stocks and the new index, said the merchant bank.
After moving to the upside in morning trading, stocks gave back some ground in the afternoon and close slightly lower. The choppy trading extended as market became rate sensitive, LankaBangla Securities said.
The losers took a modest lead over the gainers as out of 292 issues traded, 143 declined, 118 advanced and 31 issues closed unchanged on the DSE floor.
All the major sectors ended in green except banks and fuel & power which lost 1.39 per cent and 0.33 per cent respectively.
Food & allied posted the highest gain of 3.51 per cent. This mainly resulted from the large cap BATBC which went up by 4.56 per cent following its year end earnings and dividend declaration.
Pharmaceuticals and telecommunications advanced 1.94 per cent and 1.61 per cent respectively. NBFIs closed 0.31 per cent higher.
Activities increased in the major bourse (DSE) where volume and trade were up 41.881 per cent and 34.19 per cent. A total of 0.127 million trades were executed with 101.05 million securities of trading volume.
The market capitalization of the DSE stood at Tk 2,923.12 billion against Tk 2,907.39 billion in the previous session.
Singer BD dominated the top turnover chart with shares worth Tk 372.97 million changing hands followed by Olympic, Square Pharma, Confidence Cement and Apex Footwear.
Singer BD was also the day's highest gainer, posting a rise of 13.28 per cent while Prime Insurance was the day's worst losers, slumping by 14.91 per cent.
The port city bourse --- the Chittagong Stock Exchange (CSE), however ended lower with its Selective Categories Index - CSCX lost 41.67 points to close at 9,287.03 points.
Losers beat gainers 140 to 72, with 19 issues remaining unchanged at the port city bourse that traded 9.64 million shares and mutual fund units, turnover value of Tk 500.21 million.
The prime index of the Dhaka Stock Exchange (DSE) --- DSEX --- saw no significant movement which retraced less than a single point (0.39 point) to close the session at 4,749.87 points.
However, the other two indices ended mildly positive. The DS30 index, comprising blue chips gained 5.17 points or 0.30 per cent to close at 1,693.91 points. The DSE Shariah Index (DSES) advanced 9.87 points or 0.99 per cent to close at 1002.41 points.
The market total turnover on DSE improved to Tk 6.46 billion, registering 63.13 per cent increase over the previous session's value of Tk 3.96 billion.
"Handsome dividend declaration of two listed multi-national companies created enthusiasm amongst the investors. Consequently, the turnover reached its 14-session high," commented International Leasing Securities, in its daily market analysis.
BATBC and Singer Bangladesh made corporate declaration Thursday. BATBC recommended 620 per cent cash dividend while Singer Bangladesh declared 100 per cent cash and 25 per cent sock dividend for the year ended on December 31, 2013.
"Overall market condition, however, prolonged its flat vibe like last few sessions," the International Leasing Securities added.
"Dullness continued as well, while earnings expectations prompted to shape market sentiment," said IDLC Investments.
Broad index, DSEX lost marginally. However, the other two indices, DSES and DS30 ended mildly positive, implying a better performance of stocks listed in these two indices, the merchant bank said.
"The market remained volatile, with over 50 scrips showing more than 3.0 per cent movements," said the merchant bank.
Meanwhile, corporate declarations made some strong ripples across the bourse. Notably, good dividend declarations of Singer BD and BATBC assisted boosting up in their prices by 13.29 per cent and 4.56 per cent, respectively, the merchant bank added.
"After moving in a zigzag trend with some gains and losses throughout the day, the market slowly drifted lower during the end," observed Zenith Investments.
However, the turnover volume was quite high as investors' interest was mainly alive in blue chip stocks and the new index, said the merchant bank.
After moving to the upside in morning trading, stocks gave back some ground in the afternoon and close slightly lower. The choppy trading extended as market became rate sensitive, LankaBangla Securities said.
The losers took a modest lead over the gainers as out of 292 issues traded, 143 declined, 118 advanced and 31 issues closed unchanged on the DSE floor.
All the major sectors ended in green except banks and fuel & power which lost 1.39 per cent and 0.33 per cent respectively.
Food & allied posted the highest gain of 3.51 per cent. This mainly resulted from the large cap BATBC which went up by 4.56 per cent following its year end earnings and dividend declaration.
Pharmaceuticals and telecommunications advanced 1.94 per cent and 1.61 per cent respectively. NBFIs closed 0.31 per cent higher.
Activities increased in the major bourse (DSE) where volume and trade were up 41.881 per cent and 34.19 per cent. A total of 0.127 million trades were executed with 101.05 million securities of trading volume.
The market capitalization of the DSE stood at Tk 2,923.12 billion against Tk 2,907.39 billion in the previous session.
Singer BD dominated the top turnover chart with shares worth Tk 372.97 million changing hands followed by Olympic, Square Pharma, Confidence Cement and Apex Footwear.
Singer BD was also the day's highest gainer, posting a rise of 13.28 per cent while Prime Insurance was the day's worst losers, slumping by 14.91 per cent.
The port city bourse --- the Chittagong Stock Exchange (CSE), however ended lower with its Selective Categories Index - CSCX lost 41.67 points to close at 9,287.03 points.
Losers beat gainers 140 to 72, with 19 issues remaining unchanged at the port city bourse that traded 9.64 million shares and mutual fund units, turnover value of Tk 500.21 million.
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