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When investors take profits, their confidence grows simultaneously, increasing the depth of the market, he said. The inclination was predominantly to sell most of the multinational and blue chip stocks because those recently rose by a higher extent, the stockbroker added. Stocks of Reckitt Benckiser Bangladesh fell 4.63 per cent while Unilever Consumer Care 5 per cent yesterday, according to the DSE data. Banks and non-bank financial institutions (NBFIs) also faced the same fate over apprehensions of a decline in their profits. These financial institutions had been suffering for the last few years for accumulating a huge amount of non-performing loans (NPLs) and on top of that, the pandemic has intensified their problems, said a merchant banker.

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