Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 331 Wed. May 04, 2005  
   
Business


Share prices bounce back


Share prices on both bourses yesterday bounced back with the benchmark indices gaining over 65 points on average.

The Dhaka Stock Exchange (DSE) All Share Price Index recovered 66.91 points or 6.08 percent to close at 1165.99. The Chittagong Stock Exchange (CSE) All Share Price Index gained 64.66 points or 2.25 percent to close at 2930.06.

Market insiders said share prices experienced the buoyant mood due to buying pressure.

"Investors intended to buy scrips at comparatively lower rates following Monday's slump," said Hafizul Quader, a small investor.

He said the upturn of the share prices is the result of market correction, which may not continue for the coming days.

The DSE General Index (DEGN) gained 85.10 points or 5.92 percent to close at 1520.76 while the CSE-30 index gained 4.44 percent to close at 2704.09.

A total of 153 issues were traded yesterday on the DSE. Of them, 125 gained, 15 declined and 13 remained unchanged.

Some 4.14 million shares and debentures worth Tk 273 million changed hands on the day against 5.61 million shares valued at Tk 346 million on the previous trading day.

Market capitalisation stood at Tk 189.81 billion yesterday against Tk 179.67 billion on Monday.

The day's top 10 gainers were Exim Bank, National Polymer, Dhaka Bank, Pubali Bank, Chic Tex, City Bank, Lafarge Surma Cement, Uttara Bank, National Life Insurance and National Tubes.

Top 10 losers were Raspit, Samata, Roseheaven, East Land, Ibn Sina, United Insurance, Janata Insurance, Bank Asia, Beximco Knit and Beximco Infusion.