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The stock market took a downturn on Wednesday as investors decided to cash in on their recent gains.
DSEX, the main index of the Dhaka Stock Exchange (DSE), dipped by 16.38 points to close at 5,208.21.
The benchmark index of the capital market closed in the red today, breaking a two-day winning streak, as investors opted to book short-term profits, according to EBL Securities.
The blue-chip index DS30, comprising 30 leading companies, gained 0.56 points to reach 1,930.05, while the DSES Index, representing Shariah-compliant companies, fell by 3.79 points to 1,162.94 at the close.
The trading session started with buyers and sellers vying to seize control of market momentum, but profit-taking gradually intensified, allowing sellers to dominate the trading floor as confidence waned amid political and economic uncertainties, EBL Securities noted.
Turnover, a key indicator of market activity, stood at Tk 4.02 billion, down by 11 per cent compared to the previous trading day.
The majority of the stocks saw a price decrease, as out of the 403 issues traded, 79 closed higher, 258 ended lower, and 66 remained unchanged on the DSE trading floor.
Robi Axiata was the most-traded stock with shares worth Tk 236.09 million changing hands, followed by The ACME Laboratories, Bangladesh Shipping Corporation, Square Pharmaceuticals, and Agni Systems.
The Chittagong Stock Exchange (CSE) also saw a decline, with its All Share Price Index (CASPI) falling by 18.67 points to close at 14,489.23. The Selective Categories Index (CSCX) dropped by 11.52 points, settling at 8,822.
The CSE traded 3.3 million shares and mutual fund units, with a turnover volume of Tk 150.2 million.