BASL DAILY NEWS BUZZ November 08, 2018 Your Trusted Broker Hadi mansion (7th floor) 2, Dilkusha Commercial Area, Dhaka-1000 [email protected], Tel- 9515826-2, www.basl-bd.com Stock Market Dhaka stocks gain on bargain hunting after five-day fall New Age, November 08, 2018 Dhaka stocks advanced on Wednesday after a five-day fall as a section of investors went for bargain hunting. DSEX, the key index of Dhaka Stock Exchange, gained 0.72 %, or 37.85 points, to close at 5,242.21 points on Wednesday after losing 95 points in the previous five sessions. The DSEX began to rise from the very beginning of the day and climbed more firmly as the session progressed as a section of investors went for bargain hunting amid optimism over the political dialogues. DSE received BDT 947 crore from a Chinese consortium by selling its 45,09,44,125 shares at BDT 21 each. DSE began disseminating the sales proceeds to its members from October 29. The market has been in a downward trend in recent days due mainly to the concerns over political uncertainty amid rising political activities including meetings, rallies, dialogues and political fracas surrounding the national polls. The average share prices of almost all the sectors increased on Wednesday. The share prices of textile, bank, pharmaceuticals and telecommunication advanced by 2.85 %, 0.65 %, 0.59 % and 0.57 % respectively. The turnover on DSE increased to BDT 484.48 crore on Wednesday compared with that of BDT 440.03 crore in the previous trading session. Of the 336 companies and mutual funds traded on Wednesday, 206 advanced, 80 declined and 49 remained unchanged. DS30, the blue-chip index of DSE, also added 0.58 %, or 10.78 points, to close at 1,853.72 points. Shariah index DSES increased by 0.59 %, or 7.09 points, to finish at 1207.52 points. SK Trims Industries led the turnover chart with its shares worth BDT 20.75 crore changing hands. Saiham Cotton, VFS Thread Dyeing, BBS Cables, Intraco Refueling Station, Summit Power, Peninsula Chittagong, Intech Limited, Shasha Denims and Monno Ceramics were the other turnover leaders. ML Dyeing gained the most on the day with a 9.97-% increase in its share prices, while Peoples Leasing and Financial Services was the worst loser, shedding 7.27 %. http://www.newagebd.net/article/55363/dhaka-stocks-gain-on-bargain-hunting-after-five-day-fall KPCL’s trading suspended Explanation sought why the power producer's sponsor went for huge sell-off The Daily Star, November 08, 2018 The prime bourse yesterday suspended the trading of Khulna Power Company Ltd (KPCL) just three days after a corporate sponsor of the electricity producer announced to go for selling off 1.80 crore shares. The Dhaka Stock Exchange believes such a huge sell-off through the regular market may affect the general investors, said a director of the DSE preferring anonymity. On last Sunday, Summit Corporation disseminated a new through DSE website that it would sell 28.34 % of its total holding of 6.37 crore shares of KPCL at the prevailing market price in the next 30 workdays.
6
Embed
BASL DAILY NEWS BUZZBASL DAILY NEWS BUZZ November 08, 2018 Your Trusted Broker Hadi mansion (7th floor) 2, Dilkusha Commercial Area, Dhaka-1000 [email protected], Tel- 9515826-2,
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
This document has been prepared by Bank Asia Securities ltd (BASL) based on publicly available data for information purpose only and does not solicit any action based on the material contained herein and should not be construed as an offer or solicitation to buy or sell or subscribe to any security. Neither BASL nor any of its directors, shareholders, member of the management or employee represents or warrants expressly or impliedly that the information or data of the sources used in the documents are genuine, accurate, complete, authentic and correct. However, all reasonable care has been taken to ensure the accuracy of the contents of this document. BASL or Research & Development Department will not take any responsibility for any decisions made based on the information herein. As this document has been made for the Traders of BASL and strongly prohibited for circulation to any clients, investors or any other persons from outside of BASL.
About Bank Asia Securities Ltd
Bank Asia Securities Limited (BASL) is one of the leading full-service brokerage companies in Bangladesh. The company was formed in 2009 and running its operation as a majority owned subsidiary of Bank Asia Limited. BASL offers full-fledged standard brokerage services for retail, institutional and foreign clients with a dedicated team of skilled professionals. The company is currently providing the brokerage services under the membership of Dhaka Stock Exchange Limited (DSE).
BASL Research Team
Mr. SharifulAlam Chowdhury Head of Research & Investments