Bangladesh’s stock market witnessed a downturn on Monday, ending a 10 consecutive sessions gaining streak, as most shares and mutual funds declined amid lower investor activity.

On the second trading day of the week, following the recent change in leadership at the Bangladesh Securities and Exchange Commission (BSEC), selling pressure dominated the market, pushing all major indices of the Dhaka Stock Exchange (DSE) into negative territory.

Market data showed that most stocks moved into the declining category shortly after trading began and maintained the downward trend throughout the session.

At the end of the day, 102 securities advanced, 247 declined, and 44 remained unchanged.

The benchmark DSEX index fell by 33 points to settle at 5,482 points. The DSES Shariah index dropped 7 points to 1,108, while the DS30 index declined by 18 points to 2,069.

Trading activity also weakened significantly. Total turnover on the DSE stood at Tk 10.72 billion, down from Tk 15.29 billion in the previous session, marking a decline of Tk 4.56 billion.

Market analysts attributed the fall to profit-taking after a prolonged rally, which had pushed many stocks to higher price levels in recent sessions. They described the correction as a normal market adjustment driven by increased selling pressure.

The Chittagong Stock Exchange (CSE) also closed lower, with its overall index falling by 84 points. Of the 238 issues traded, 78 advanced, 134 declined, and 26 remained unchanged. Turnover there dropped to Tk 433.8 million from Tk 572.3 million in the previous session.