Twin bourses ended a four-day gaining streak yesterday as investors sold shares for profit-taking.
The benchmark general index, DGEN, the yardstick of Dhaka Stock Exchange, lost 14 points, or 0.21 percent, to end the day at 6,669.
On the port city’s bourse, the selective categories index, CSCX, the indicator of Chittagong Stock Exchange, slipped 48 points, or 0.39 percent, to 12,289.
DGEN opened on a positive note and advanced 47.36 points in the first five minutes of trading but selling pressure pushed down the indices in the final hour of trade.
Prof Mahmud Osman Imam, who teaches finance at Dhaka University, said the surveillance system of bourses and Securities and Exchange Commission should be effective to prevent another bubble in the stockmarket as some shares gained non-stop.
Investors should be careful about investments in low-profile shares, said Imam, a member of the index development committee of DSE.
Lafarge Surma registered negative half-year earnings due to setbacks in production for the clinker shortage, said LankaBangla Securities, in its market analysis.
The fuel and power sector gained 1.18 percent, while banks lost 1.03 percent, non-bank financial institutions 0.27 percent and pharmaceuticals 0.05 percent.
Grameenphone, which represents the telecoms sector, declined 2.93 percent.
Of the 263 issues that traded on the DSE floor, 150 declined, 105 advanced and eight remained unchanged.
Turnover on the DSE stood at Tk 1,882 crore, down Tk 76 crore from the previous day.
-With The Daily Star input
