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Stocks show modest recovery

WT24 Desk

Dhaka stocks showed little recovery on Monday breaking an eight-session fall that started on January 19. The broader DSEX price index at Dhaka Stock Exchange (DSE) eased up by over 19 points to close the week’s second session at 4560.42, agencies report.  Similarly, the blue-chip DS30 and the Shariah DSES inched up at 1729.63 and 1101.09 respectively.

The daily trade value and volume, however, declined to Taka 393 crore and 11.50 crore shares accordingly from Sunday’s Taka 396 crore and 12.32 crore shares.  The price indices recovered on price rise in large-cap scrips while the market saw 168 issues closed higher, 98 lower and 53 static.

Newly listed securities also had a good day, with three out of four traded issues ending higher. Mutual funds lost most on the day as only seven of this category ended up against 11 losing ones.  Apex Spinning, GQ Ball Pen, Apex Foods, FU-Wang Ceramic and Gemini Sea Food were the day’s major gainers while the major losers included Dacca Dyeing, Jute Spinning, BD Autocars, Modern Dyeing and Titas Gas.

Apollo Isphat topped the turnover list followed by Square Pharma, Fu Wang Food, City Bank and Beximco Pharma. Chittagong Stock Exchange (CSE) also ended the day positive, with its major CSCX recovering 33.72 points to 8531.38.

The trade value of the day was Taka 30 crore for 1.43 crore shares when most of the traded issues closed higher. A total of 118 securities advanced at the session against 87 lagging and 31 static securities.

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