Dhaka stocks experienced a downturn due to cautious investors actively booking profits, which led to a 0.3% decline in the DSEX index, settling at 6,286 compared to the previous session. Market participation took a beating as the daily turnover dropped by 23.5% to Tk 536 crore. Out of all the traded issues, 33 advanced, 131 declined, and 136 remained unchanged.
Investor sentiment remained negative, with many stocks undergoing corrections as investors chose to liquidate their holdings, anticipating a shift in market momentum. Some investors focused on short-term gains in specific life insurance stocks.
General insurance contributed the most to the day’s turnover at 27.4%, followed by food stocks at 16.5% and life insurance stocks at 13.8%. Most sectors experienced poor returns, with the travel sector facing the steepest correction at 5.6%, while IT, paper, and general insurance fell by 1.8%, 1.3%, and 1.2%, respectively. In contrast, life insurance experienced a 1.5% increase in market capitalization. Rupali Insurance emerged as the top gainer with a 9.9% increase, while Fu Wang Food was the biggest loser, shedding 9.4%.
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