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Monday, September 08, 2003

Compiled by SDNP

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Shares finish lower at DSE, CSE

BSS, DHAKA, The Independent

Shares finished lower at both the Dhaka and the Chittagong bourses yesterday, although few issues rebounded. The market saw mixed trading as the DSE marked thinner transactions of scripts at lower turnover, while at the CSE made thicker transaction at higher turnover.

The DSE-20 Selective Price Index for blue chip shares lost 2.71 points to 978.44 from previous day's 981.15. The DSE Weighted Average Share Price Index moved slightly higher at 823.22.

A total of 753,271 shares worth Tk 21.92 million (USD 0.379 million) were traded at the DSE yesterday compared with previous day's 1,482,937 shares worth Tk 22.4 million (USD 0.387 million). In all, 157 issues were traded, of which 52 gained, 65 lost and 40 remained unchanged.

The CSE-30 Selective Price Index for blue chips gained 1.15 points to 1163.97 from previous day's 1162.82. The CSE Trade Volume Weighted Index was also up at 1841.22.

A total of 114,213 shares worth Tk 1.98 million (USD 0.034 million) were traded at the CSE yesterday against previous day's 104,350 shares worth Tk 1.21 million (USD 0.021 million). In all, 34 issues were traded at the CSE, of which 13 moved up, 13 lost and 8 were unchanged.

The market capitalisation at the DSE was 0.317 per cent or Tk 210 million (USD 3.6 million) down at Tk 65.98 billion (USD 1.14 billion) from previous day's Tk 66.19 billion (USD 1.143 billion).

The market capitalization at the CSE was 0.0168 per cent or Tk 10 million (USD 0.17 million) up to Tk 59.65 billion (USD 1.03 billion) from previous day's Tk 59.64 billion (USD 1.03 billion).

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Asian currencies mixed against dollar

AFP, HONG KONG

Sept 7: Asian currencies saw a mixed performance against the dollar, with the yen and Thai baht making gains on the greenback but others remaining flat or slipping marginally.

JAPANESE YEN: The yen climbed against the dollar, reflecting gains in Japanese share prices and rising hopes for a Japanese economic recovery.

The gains prompted Japanese authorities-wanting to protect the export sector from the damaging effects of a rapid rise in the currency-to intervene to sell the yen, capping gains for the currency. The yen is expected to gain further ground in the coming week, dealers said.

On Thursday, the central bank reportedly intervened in the market for the first time in about a month after the yen rose to 115.75 to the dollar in early trading.

AUSTRALIAN DOLLAR: The Australian dollar is expected to remain weak against the greenback next week but dealers expect a rally in the coming months as the global outlook improves, dealers said.

The Aussie ended a flat week at 64.43 US cents, marginally down on the previous week's 64.45 US cents.

NEW ZEALAND DOLLAR: The dollar closed local trading Friday at 57.04 US cents, down slightly from 57.15 cents a week earlier.

SINGAPORE DOLLAR: The US dollar rose slightly to 1.7593 Singapore dollars from 1.7558 the previous week.

INDONESIAN RUPIAH: The rupiah closed the week marginally lower at 8,490/8,500 to the dollar compared with the previous week's close of 8,485-8,495.

PHILIPPINE PESO: The peso ended the week at 55.02 to the dollar, unchanged from a week earlier.

SOUTH KOREAN WON: The dollar declined slightly to 1,170.60 won from 1,178.20 a week earlier as foreigners continued buying South Korean stocks and exporters swapped dollar earnings for the local currency to pay their employees ahead of the Chusok national holidays in the coming week.

TAIWAN DOLLAR: The US fell slightly against the Taiwan unit over the week to close at 34.117 Friday from 34.170 a week earlier due to inflows of foreign funds into the local stock market.

THAI BAHT: The baht advanced against the dollar over the past week boosted by ongoing capital inflows into the local stock market and increasing confidence in the country's economic performance. The local stock market surged 3.74 per cent over the past week bolstered by overseas investors scooping up blue chips.

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