Stocks break 8-day gaining streak
Star Business Report
Star Business Report
Stocks dropped yesterday after rising for eight consecutive days thanks to a profit booking tendency among investors.
The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), fell 10 points, or 0.18 per cent, to stand at 5,829.
As the market was on a rising trend the last couple of days, most stocks were up by at least 8 per cent to 15 per cent, so investors are taking in their profits now, said a stock broker.
This is a positive thing because when investors make profit, they get the confidence to invest more, he said, adding that the market's turnover was rising, which meant that investors' participation was still strong.