Stocks witnessed yet another losing session on Sunday, extending their losing streak for the third day in a row, as investors went on late hour selling spree.
Market operators said the risk-averse investors continued their selling binge on major sectors, taking the market in the negative territory for the third day.
The market showed upward movement in the beginning of the session and stayed in the positive in the first two and a half hours. But late hours selling pressure took the market in the negative zone.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 36.44 points or 0.66 per cent to settle at 5,464.
Two other indices also closed lower. The DS30 index, comprising blue chips, fell 8.79 points to finish at 1,911. The DSE Shariah Index also lost 6.14 points to close at 1,265.
Turnover, the most important indicator of the market, also fell to Tk 8.04 billion, which was 24 per cent lower than the previous session’s Tk 10.64 billion.
Out of 336 issues traded on the DSE, 219 issues declined, 81 advanced and 36 remained unchanged.
A total number of 149,035 trades were executed in the day’s trading session with trading volume of 173.64 million securities.
The market capitalisation of the main bourse came down to Tk 3,903 billion on the day which was Tk 3,930 billion in the previous session.
Khulna Power Company topped the turnover chart with 5.12 million shares worth Tk 617 million changing hands.
The other turnover leaders were Active Fine Chemicals, Singer Bangladesh, IFAD Autos and BBS Cables.
Fine Foods was the best performer, posting a gain of 10 per cent while Dragon Sweater and Spinning was the worst loser, losing 18.07 per cent following its price adjustment after record date.
The Chittagong Stock Exchange (CSE) also ended lower with its CSE All Share Price Index–CASPI–losing 126 points to settle at 16,873 and the Selective Categories Index-CSCX–shedding 74 points to finish at 10,228.
The losers beat gainers as 164 issues closed lower, 51 ended higher and 25 issues remained unchanged on the CSE.
The port city’s bourse traded 8.66 million shares and mutual fund units worth Tk 292 million in turnover.
