Stocks break nine-day losing streak

Stocks returned to the green Monday, breaking nine-session losing streak as a section of investors took position on lucrative price level stocks. Brokers said that indices lost substantially in last nine trading days, a handsome number of issues came at lucrative range and backed by this, investors took position in selective preferred stocks. DSEX, the prime index of the Dhaka Stock Exchange (DSEX) ended at 4,376.89 points, gaining 32.53 points or 0.74 per cent from previous session. The other two indices also ended in positive zone. The DS30, comprising blue chips gained 11.21 points or 0.70 per cent to close at 1,606.48 points. The DSES gained 7.85 points or 0.79 per cent to close at 998.12 points. Turnover on DSE stood at Tk 1.86 billion which was 24 per cent higher compared to previous session’s 9-month lowest value of Tk 1.50 billion. Out of 291 issues traded, 193 advanced, 56 declined and 42 remained unchanged on the DSE floor. Beximco Limited was the most traded stock with shares worth Tk 226.56 million changing hands followed by GP, Square Pharma, Olympic and Appollo Ispat. Fine Foods was the day’s highest gainer, posting a rise of 8.55 per cent while Midas Financing was the day’s worst loser, slumping by 7.55 per cent. The port city bourse, Chittagong Stock Exchange (CSE) also ended in positive zone with its Selective Categories Index – CSCX – gained 43.61 points to close at 8,336.71 points. Losers beat gainers 113 to 51, with 25 issues remaining unchanged at the port city bourse that traded 4.65 million shares and mutual fund units with turnover value of Tk 141.77 million.