The Dhaka Stock Exchange’s benchmark index, DSEX, took a breather for the second consecutive session as investors opted to take short-term profits from the recent rallies. The index dropped by 14.8 points or 0.3 percent, closing at 5,471 points, compared to 5,486 points in the previous session.
Throughout the majority of the session, the market experienced selling pressure as investors sought to realize profits. Although there was buying interest in selective blue-chip stocks, it was insufficient to offset the widespread selling, which led to an overall decline in the index.
On the sectoral front, the Bank sector recorded the highest turnover, accounting for 23.5 percent of the total, followed by Pharmaceuticals with 13.5 percent, and Textiles at 9.1 percent. The day saw mixed sector returns, with Paper (+4.0 percent), Life Insurance (+2.5 percent), and Jute (+2.0 percent) sectors showing notable gains. On the flip side, sectors like Banks (-1.7 percent), Financial Institutions (-1.6 percent), and Ceramics (-1.6 percent) experienced corrections.
Turnover in the premier bourse declined by more than 2 percent to Tk890 crore. Out of the 397 issues traded, 151 advanced, 183 declined, and 63 remained unchanged. The port city bourse, Chattogram Stock Exchange (CSE), also experienced a similar profit-taking trend, with the Selective Categories’ Index (CSCX) and All Share Price Index (CASPI) falling by 31.7 and 49.0 points, respectively.
Investors will be watching closely to see if the market can stabilize or if further profit-taking will lead to more corrections.