Staff correspondent
The capital of the regulator movement on Tuesday, a uniform par value for all stocks and investment funds parts set 1 TK 10 December Dhaka shares Wednesday, with the General index and the turnover of the stock market, sending increased strong profits after two straight days of loss.
DGEN, advanced general index of the Dhaka stock exchange, on Wednesday to close 85.86 points, or 1.42%, to 6,131.48 points.
The day turnover of the stock market has almost doubled, TK 544.79 crore to TK 259 crore from Tuesday sales TK 285.79 crore.
Senior Vice President Ahasanul Islam said DSE 'Problems with the face value of the TK-100 strong today have received, while some of the bag with a face value of TK 10 have lost'.
He said however, that the shares with a par value of TK-10 carried out not as bad as was arrested.
"It takes at least three days a stock trading and the market has just a day before the start of the Eid holiday." So, it has a reduced selling pressure, which went for the sale of shares, as they don't have the money in hand before the Eid, today only a few investors would, said Ahasanul."
The Securities and Exchange Commission on Tuesday decided that the value all listed companies and the units all mutual funds in TK 10 of 30 November would have to be converted from the bag and would as of December 1.
The 231 businesses with the Dhaka Bourse now 124 companies have shares of the TK-100 face value and 107 of the TK-10, while 14 of 36 investment funds has units of TK-100 face value, units of TK-1, and the face value of the units is the rest of TK 10.
The DSU sales dipped on Tuesday, a seven-month low of TK 285.64 crore in an erratic trading, as investors waiting to see the results of cases stored by the SEC against five suspected market manipulators, which supposedly on the January share market crash and the behavior of the market after the current legislation.
Market participants said that investors on the DSE went on the day on a shopping spree, when they realised that the market, shortly after the 9-day Eid holiday would increase.
"The market had more than a month, reduce the prices for a number of shares to a reasonable level was pressed." Investors, on the other hand also expectation that, after the movement for uniform par value, by the SEC, the market could a positive turn after the Eid holiday, "a stockbroker said.
He said: "The problems with a face value of TK 100 today won, as investors thought they would win more, if the value would be divided into TK 10 of each pocket." There is nothing but a mere impression than other basics such as earnings per share and net asset value will change in relation to the nominal value.'
All important sectors, such as Bank and non-bank financial institutions were set such as Grameenphone and MJL Bangladesh on Wednesday, optimistic, but stock prices of market giants because both have a value of TK 10.
255 Issues the day traded 185 extended, 65 rejected, and five remained unchanged.
Titãs gas top the list of sales of the day with its shares worth of TK-28 33 crore-changing hands. The rest on the list of the top 10 sales leader Lafarge Surma were cement, the City Bank Ltd, Jamuna oil Ltd, Keya cosmetics Ltd, a Bank Ltd, S Alam cold rolled steels, Beximco, Islami Bank Bangladesh Ltd, and Fu Wang food.
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| Source: newagebd.com
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