After a sustained rally, the stock market lost some momentum on Monday, with profit-booking selloffs slowing the market’s upward trajectory.
The DSEX, the broad index of the Dhaka Stock Exchange, dropped 8.6 points, closing at 5,628 points, down from 5,636 points in the previous session.
The market remained mildly volatile throughout the day, with active investor participation on both sides of the trading fence, said EBL Securities in its post-closing market commentary.
However, sellers dominated in the late session as cautious investors opted to lock in recent gains and monitor the market’s trend, it added.
Despite the pullback, investor participation remained strong, with market turnover decreasing slightly by 2.8 per cent to Tk14.0 billion.
On the sectoral front, the Engineering sector led turnover, contributing 11.7 per cent, followed by the Textile sector with 10.8 per cent and the Pharma sector with 9.1 per cent. Overall, sectors showed mixed returns.
Travel, Services, and Telecom sectors posted the most positive gains, with returns of 3.6 per cent, 2.5 per cent, and 2.0 per cent respectively.
On the downside, the Life Insurance, Paper, and Jute sectors experienced the most significant corrections, posting losses of 3.2 per cent, 2.9 per cent, and 2.6 per cent respectively.
Out of the 397 issues traded, 125 advanced, 220 declined, and 52 remained unchanged, reflecting a cautious sentiment among investors.
Meanwhile, the Chittagong Stock Exchange ended on a positive note. The Selective Categories’ Index added 24.2 points, while the All Share Price Index rose by 48.1 points.
