Biz-Econ

Stocks break 3-day losing streak

Stocks returned to the green on Wednesday, after remaining down in the 3 consecutive sessions, as investors went for buying spree on lucrative share market.The market opened with an optimistic note, which sustained throughout the session. At the end of Wednesday’s trade, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 39.36 points or 0.83 per cent to stand at 4,763.88. The two other indices also closed higher. The DS30 index, comprising blue chips, gained 18.71 points or 1.03 per cent to end at 1,825.00. The DSE Shariah Index (DSES) rose 10.86 points or 0.93 per cent to close at 1,176.23.However, total turnover declined to Tk3.49 billion, which was 17 per cent lower than the previous day’s Tk4.21 billion. The gainers took a strong lead over the losers as out of 308 issues traded on Wednesday, 198 closed higher, 72 lower and 38 remained unchanged on the DSE floor. Aman Feed, which made trading debut on Tuesday, dominated the day’s turnover chart with shares of Tk172.16 million changing hands followed by Square Pharma, Emerald Oil, Khan Brokers PP Woven and United Power. BD Welding was the day’s best performer, posting a rise of 7.62 per cent while Anwar Galvanising was the day’s worst loser, plunging by 13.13 per cent following its price adjustment after record date.The port city bourse – Chittagong Stock Exchange (CSE) – also finished higher after three days with its Selective Categories Index – CSCX – gaining 58.33 points to 8,886.10. Gainers beat losers 160 to 59, with 23 issues remaining unchanged on the port city bourse that traded 8.24 million shares and mutual fund units with a value of Tk283 million. -FE