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Profit Taking Ends a 3-Day Rally in the Dhaka Stock Exchange.

On Sunday (June 13, 2021), risk-averse investors booked profits by selling risk-high-yielding stocks. The market, DSE (Dhaka Stock Exchange) fluctuated a number of times before falling sharply during the final hour of trading as a result of cautious investors’ profit booking tendency. After adding around 91 points (90.74798 points in total) at the past 3 consecutive days (June 8 – June 10, 2021), DSEX, which is the Dhaka Stock Exchange’s prime index, fell by 30.58896 points (-30.58896 points) or a 0.50422% from its previous day’s (June 10, 2021) trading end index value of 6066.64183 points. Two other indices also ended marginally lower with the DSE 30 Index, comprising blue chips, fell by 12.53447 points to finish at 2192.56520 points and the DSE Shariah Index (DSES) shed 6.05488 points to close at 1293.42638 points.

According to market analysts, the cautious booked some profit on companies that had seen a extensive increase in recent trading days, sending the market into red territory.

On the country’s most important stock exchange, the market turnover (a crucial indicator of the market) remained over Taka 2,000 crore range but fall by a noticeable 22.48504% from its previous day’s (Thursday, June 10, 2021) value (Tk. 26,692.596 mn)  to close at Tk. 20,690.756 mn on Sunday (June 13, 2021), a decrease of around Taka 600 crore  (Tk. 6001.8400 mn)

During the trading at DSE (Dhaka Stock Exchange) on Sunday (June 13, 2021), s a slight advantage over gainers. Shares for 372 companies were traded on that day. Among which price increased for 159 companies whereas price decreased for 192 companies and price remained unchanged for 21 companies.

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