Economic Reporter :
Stocks drifted lower on Tuesday after a single-day break as risk-averse investors opted for booking profits on quick-gaining stocks.
The market opened on an upbeat note and the key index of the major bourse in Bangladesh rose 25 points within the first 30 minutes of trading. But the rest of the session went down steadily and wiped out all the initial gains amid profit booking sell-offs.
Finally, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 21.25 points or 0.42 per cent to settle at 4,982.
Market operators said stocks faced correction further as cautious investors grabbed profits on large-cap issues, especially from banking and cement issues which saw substantial gains in recent price surge.
