DSE snaps four-day winning streak on profit booking
Selling pressure dominated most sectors throughout the session, pushing the benchmark DSEX, along with the DS30 and Shariah-based DSES indices, into negative territory.
After four consecutive sessions of gains, the Dhaka Stock Exchange (DSE) ended lower today (27 April) as investors booked short-term profits amid cautious sentiment and ongoing market uncertainty.
Selling pressure dominated most sectors throughout the session, pushing the benchmark DSEX, along with the DS30 and Shariah-based DSES indices, into negative territory.
Market participants said the recent rally prompted many investors to lock in gains, while global developments, geopolitical tensions, and macroeconomic uncertainty also contributed to cautious trading.
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The DSEX fell 16 points to close at 5,301. The DS30 index dropped 9 points to 2,018, while the DSES declined 10 points to 1,057.
Market breadth remained sharply negative, with 102 stocks advancing against 223 declining and 67 remaining unchanged. Turnover also fell 2.7% to Tk956 crore from Tk982 crore in the previous session.
In its daily market review, EBL Securities said the market reversed after recent gains as investors reshuffled portfolios amid earnings disclosures, domestic economic signals, and geopolitical developments. It added that although the market started firm and held gains mid-session, broad-based selling in the final trading hour dragged indices lower.
Sector-wise, the General Insurance sector led turnover with 16.1%, followed by Banking at 13.0% and Textile at 11.6%. Most sectors ended lower, with Ceramics declining 2.0%, while Paper and Textile both fell 1.3%. General Insurance was the only major gaining sector, rising 2.9%.
Meanwhile, the Chittagong Stock Exchange (CSE) also closed in the red. The Selective Categories' Index (CSCX) dropped 18.9 points, while the All Share Price Index (CASPI) fell 35.8 points at the close of trading.
