Dhaka stocks end mixed before introducing new automated trading system
DHAKA, December 10, 2014 Nirapad News – Dhaka stocks ended mixed Wednesday as the market was set to have a new automated trading system on Thursday.
Dhaka Stock Exchange (DSE) is introducing the new automated trading system namely Go Live, which will offer online trading of shares at investors’ convenience besides ensuring secure and transparent share transactions.
Prior to introduction of the new system, a large number of investors became more cautious, which resulted in lackluster trade and eventual fall in transactions as well as in the general price index.
The benchmark DSEX index finished the day flat at 4943.72 when the blue-chip DS30 and Shariah DSES inched up at 1827.06 and 1156.15 respectively.
Trading at DSE maintained upward trend at the day’s opening when it neared 5000-point mark on buying of large-cap shares, but finished in red when 145 issues suffered loss on selling.
Among the sectors, bank ended flat when food and allied, telecom and IT sector gained marginally.
GP topped the turnover list followed by HFL, Squire Pharma, Beximco Pharma and Jamuna Oil.
S. Alam Cold Rolled Steel topped the day’s 110 gainers with Tung Hai Knitting, Olympic Industries, JMI Syringes and United Air among the top five advancing issues.
SPCL was the major among the day’s 145 lagging issues followed by HFL, All Tex, KBPPWBIL and Legacy Footwear.
Activities decreased on DSE when turnover value and trade volume fell to Taka 421 crore and 11.37 crore shares from Tuesday’s Taka 433 crore for 11.67 crore shares.