Stocks fall for second day amid profit booking thedailystar.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailystar.net Daily Mail and Mail on Sunday newspapers.
On Monday, the index rose to a three-and-a-half-year high of 6,125, according to DSE data. People take profit when the index rises, and it is a good sign, the stockbroker said, adding that the profit booking tendency created opportunities for others.
There were no sellers for some stocks almost throughout the day, as their demand was high, although they had informed the DSE that there was no undisclosed information.
For instance, there were no sellers of Bangladesh Monospool Paper Manufacturing, Tamijuddin Textile, Malek Spinning, Dragon Sweater, and Maksons Spinning.
There was no fundamental reason for the abnormal price hike of the stocks. Even many good stocks are trading at a lower level, said a merchant banker.
Stocks fall for second consecutive day thedailystar.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailystar.net Daily Mail and Mail on Sunday newspapers.
Dhaka stocks drop for 2nd day newagebd.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newagebd.net Daily Mail and Mail on Sunday newspapers.
The stock market experienced a fall today as investors went for booking profits and the major drops in prices were seen in the high-flying insurance stocks. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), dropped 30.58 points, or 0.50 per cent, to 6,036. The DSE's turnover, an important indicator of the market, fell 22 per cent to Tk 2,062 crore. Most of the