Biz-Econ

Stocks break 8-day losing spell

Stocks edged marginally higher Monday, breaking eight consecutive sessions of losing spell as investors went on late hours buying spree.DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 19.53 points or 0.43 per cent to settle at 4,560.42 after four hours trading.The two other indices also edged higher. The DS30 index, comprising blue chips, advanced 10.48 points or 0.60 per cent to finish at 1,729.63.The DSE Shariah Index gained 5.83 points or 0.53 per cent to close at 1,101.09.The total turnover on the premier bourse stood at Tk 3.93 billion, which was 0.75 per cent lower than the previous day’s Tk 3.96 billion.The gainers took a modest lead over the losers as out of 320 issues traded, 165 closed higher, 107 lower and 48 remained unchanged on the DSE trading floor.Appolllo Ispat Complex dominated the turnover chart with shares worth Tk 232 million changing hands followed by Square Pharma, Fu-Wang Ceramics, City Bank and Beximco Pharma.Apex Spinning was the day’s best performer, posting a rise of 9.98 per cent while Dacca Dyeing was the worst loser, slumping 9.86 per cent.The port city bourse Chittagong Stock Exchange (CSE) also closed higher after eight sessions with its Selective Categories Index, CSCX, advancing 31.44 points to finish at 8,529.10.Gainers beat losers as 119 issues closed higher, 87 lower and 30 remained unchanged on the CSE.The port city bourse traded 14.33 million shares and mutual fund units worth Tk 300 million in turnover. -FE