When investors take profits, their confidence grows simultaneously, increasing the depth of the market, he said.
The inclination was predominantly to sell most of the multinational and blue chip stocks because those recently rose by a higher extent, the stockbroker added.
Stocks of Reckitt Benckiser Bangladesh fell 4.63 per cent while Unilever Consumer Care 5 per cent yesterday, according to the DSE data.
Banks and non-bank financial institutions (NBFIs) also faced the same fate over apprehensions of a decline in their profits.
These financial institutions had been suffering for the last few years for accumulating a huge amount of non-performing loans (NPLs) and on top of that, the pandemic has intensified their problems, said a merchant banker.
The seven loss-incurring companies deal with producing sugar, motorcycles, hotel services, cables and glass sheets.
A big number of government run companies are not giving any dividends for many years so the stocks are providing nothing to their investors, said stock investor Abdul Alim.
Renwick Jajneswar and Usmania Glass did not provide any dividend for the last two years.
Moreover, Shyampur Sugar and Zeal Bangla Sugar have not paid any dividends in at least for the past two decades, the DSE data shows.
The state-run sugar mills are 60 years old but their economic lifespan ended at least 30 years ago, said Sanat Kumar Saha, chairman of the Bangladesh Sugar and Food Industries Corporation (BSFIC).