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Stock market rebounds after slump

| banglanews24.com
Update: 2010-06-08 1:49:22 PM

DHAKA: Share prices on Dhaka Stock Exchange (DSE) saw an upturn Tuesday after a disheartening sharp decline Monday.

Though the price indices and market investment marked signs of recovery, the volume of share trade, however, decreased slightly from the previous day’s mark.

Some investors claimed that the panic from Monday’s price fall made them sell off their shares “in a hurry”. But they stopped selling the shares today following the upward trend of the market.

The total turnover stood at Tk 1364.79 crore with the sale of   3,71,27,000 shares and mutual funds on the bourse Tuesday, Tk 232.27 crore less than the previous day.

The benchmark DSE General Index (DGEN) closed today with a gain of 109.06 points or 1.74 percent to 6,176.49 while DSE-20 index advanced to 3403.64 points

Of 247 issues traded today, 193 advanced, 45 declined and 9 remained unchanged.

Titas Gas topped the slot in trading Tuesday followed by Pubali Bank, Power grid, Prime finance, Beximco Limited, Summit Power, Lanka Bangla finance, AB Bank, Confidence cement and Aftab Automobiles.

On increasing price, the top ten companies were Rupali life Insurance, Anlima Yarn, Pubali Bank, Sonargaon Textile, Sandhani Insurance, BD Finance, Confidence Cement, Apex Tannery, Progressive Life and Dutch Bangla Bank.

On the other hand, top ten price-losing companies were CMC Kamal, Gemini Sea Food, Savar refractores, ICB Islami Bank, Libra Infusion, Jill Bangla sugar, Reckit Benkizer, Glaxo Smithcline, Ocean Container Ltd and Prime Textile.

BDST: 1815 HRS. June 8, 2010
GS/SRJ/SMS/MUA

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Alexa