Stocks slip as profit-taking weighs, but turnover crosses Tk1,200cr

The
Dhaka Stock Exchange (DSE) saw its rally snapped today as cautious investors
opted for profit-booking, pulling the market indices slightly down.
The turnover, however,
jumped 6% to Tk1,248 crore from the previous session's Tk1,178 crore, marking
the highest level since August 2024. The increase in turnover reflects
heightened investor participation.
The DSEX, the
broad-based index of the Dhaka bourse, dropped 6 points or 0.12% to close the
day at 5,448. The blue-chip DS30 index shed 5 points or 0.23% to settle at
2,123. Out of the 397 issues traded, 137 advanced, 215 declined, and 45
remained unchanged.
Textile stocks accounted for the largest share of trade at 14.7%, followed
closely by pharmaceuticals and banking stocks.
EBL Securities, in its
daily market review, noted that the market opened on a positive note,
continuing the momentum from the previous session. However, sentiment weakened
midway as investors rushed to cash in recent gains.
"Profit-booking
sell-offs emerged since investors opted to realize recent gains and adopt a
cautious stance to gauge the market's trend," the review said.
Major draggers on the
index included Islami Bank Bangladesh, Beximco Pharmaceuticals, BAT Bangladesh,
Al-Arafah Islami Bank, and Olympic Industries.
On the other hand, IT,
fuel and power, and ceramics sectors posted notable gains of 2.2%, 2.0%, and
1.7%, respectively.
Among individual
performers, Energypac Power, National Polymer, and Information Service Network
topped the gainers' chart, each advancing nearly 10%.
Conversely, the biggest
losers were from the non-bank financial sector, with FAS Finance, Premier
Leasing, Prime Finance, and International Leasing all shedding more than 9%.
Meanwhile, on the
Chittagong Stock Exchange, the CSCX gained 15 points or 0.16% to close at
9,378, while the CASPI rose 15 points or 0.10% to settle at 15,243. Turnover on
the port city bourse stood at Tk15 crore.
















