The prime index of the Dhaka Stock Exchange (DSE) dipped 1.07 per cent on Thursday, extending the losing streak for the second consecutive session, as most sectors saw sharp price correction.
The big drop in the index came a day after the central bank unveiled its monetary policy statement (MPS) for the second half of financial year (FY) 2018-19.
According to some market operators, the market witnessed a selling pressure from the beginning of the session and it continued throughout the day.
The telecommunications sector experienced the highest price correction mainly because of Grameenphone whose share price declined 3.94 per cent.
The session opened on a negative note. The prime index -- DSEX -- tried to recover before the mid-session but eventually tumbled. The DSEX finally settled 1.07 per cent or 63.10 points lower at 5821.01.
The Shariah-based index DSES declined 01.01 per cent or 13.44 points to close at 1310.59 points.
And the DS30 index comprising blue chip securities lost 1.16 per cent or 23.76 points to finish at 2007.96 points.
According to the International Leasing Securities, the prime bourse witnessed a weary session amid the investors' shaky confidence on quarterly earnings declarations.
"The investors went for selling of shares from the beginning of the session in almost all the sectors, which continued till the closure without any major oscillation," it said.
Of 346 issues traded on Thursday, 84 advanced, 236 declined and 26 remained unchanged.
The turnover stood at above Tk 9.92 billion, which was 3.11 per cent lower than the turnover of the previous session.
Of the major sectors which witnessed price correction, the banking sector slumped 1.7 per cent, engineering (1.2 per cent), financial institutions (0.6 per cent), general insurance (0.4 per cent), pharmaceuticals & chemicals (0.6 per cent), telecommunication (3.4 per cent) and textile (0.9 per cent).
Among the gaining sectors, fuel & power sector advanced 0.7 per cent, food & allied 1.5 per cent and ceramic 2.3 per cent.
United Power Generation and Distribution Company topped the turnover chart generating a value of Tk 385 million.
The Central Pharmaceuticals topped the gainers' chart, as its share price jumped 9.79 per cent to close at Tk 15.70 each.
Zahintex Industries was the biggest loser, shedding 9.67 per cent to close at Tk 11.20 each.
The port city bourse, Chittagong Stock Exchange (CSE), saw its benchmark index -- CASPI -- decline 1.12 per cent or 203.66 points to close at 17890.92 points.
Of 266 issues traded, 68 advanced, 179 declined and 19 remained unchanged. The turnover stood at over Tk 337.37 million on the CSE.
