Business Desk :
Key share price index in the country’s twin bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – ended the week in negative as prices of most of the issues fell on Thursday. However, the DSE daily turnover crossed Tk 600 crores on the day.
A report of the national news agency BSS, however, says that record amount of cash dividend, declared by two blue-chip companies, propelled the trading of Dhaka Stock Exchange (DSE) in the last working day.
British American Tobacco Bangladesh Company Limited (BATBC) and Singer Bangladesh announced hefty cash dividend for its shareholders that allured many investors to book shares of these two very active issues.
BATBC declared 520 percent final cash dividend in addition to 100 percent cash dividend announced earlier for the year 2013. This announcement steered price of its shares by 5.5 percent to Taka 2299.10 at close when investors booked 70,000 shares of this food and allied sector’s company.
A company of engineering category, Singer Bangladesh, also recommended 100 percent cash and 25 percent stock dividend for the year 2013. Following the announcement, investors bought around 15 crore shares of this company. The higher demand made its shares over 13 percent dearer than of Wednesday’s closing price.
Voluminous transactions of shares of the two companies coupled with active buying of shares of some other blue-chips influenced the daily trade value to cross Taka 600-crore mark at Thursday’s close.
Total transactions value of the day’s 10.10 crore shares was Taka 646.54 crore, which was also the highest for the past two weeks after February 9. Thursday’s turnover of 10.10 crore shares was also the highest daily trade volume in the past two weeks after February 12.
UNB Adds: The DSE benchmark index, DSEX lost 0.39 points or 0.008 percent to reach 4749.86 at the close of trading on Thursday. Of the 292 issues traded, 118 gained, 143 declined and 31 remained unchanged.
Shares worth Tk 646.54 crore changed hands at the DSE on the day.
In the day’s session, of the major sectors, Food & Allied performed well while Banks disappointed the investors.
The day’s top 10 losers at the DSE were Prime Insurance, Pubali Bank, HR Tex, ICB AMCL Islamic Mutual Fund, One Bank, Imam Button, City Bank, BIFC, Mercantile Bank, and Kay & Que.
