The Dhaka stocks closed the Sunday's session with marginal correction both in broad index and turnover value following investors' selling 'frenzy'.
On the day, most of the sectors witnessed price corrections, while only three sectors of small cap companies witnessed price appreciation on the Dhaka Stock Exchange (DSE).
The market opened the session positively and the DSE broad index DSEX gained 17 points within first 20 minutes.
Soon later, the DSEX started to decline and the losing trend continued for more than half an hour following investors' notable selling pressure observed on some major sectors including fuel & power.
Finally, the DSEX settled at 4916.68 points with a loss of 0.42 per cent or 21.13 points.
The shariah-based index DSES declined 0.19 per cent or 2.25 points to close at 1134.10.
The DS30 index comprising blue chip securities went down by 0.43 per cent or 7.56 points to close at 1747.67.
Of 354 issues traded, 90 advanced, 213 declined and 51 were unchanged on the premier bourse DSE.
The turnover stood at above Tk 3.07 billion which was 6.51 per cent less than the turnover of the previous session.
According to International Leasing Securities, the Dhaka bourse closed in red following the day-long selling pressure.
"The shaky investors started the session with early-hour sell pressure and there was no sign of intraday reversal which led the benchmark index to close 21 points lower over last session," said the International Leasing Securities.
It also said the bargain hunters took position on paper, travel and IT sector stocks.
Of the major sectors which witnessed correction, engineering declined 0.3 per cent, financial institutions 0.6 per cent, fuel & power 1.8 per cent, telecommunication 0.1 per cent, and bank 0.5 per cent.
Of the sectors which witnessed price appreciation, IT advanced 0.5 per cent, paper & printing 2.8 per cent and travel & leisure 0.6 per cent.
"Investors' participation remained silent due to market volatility which kept the turnover low than that of last trading day. Many investors took long position on sector specific stocks ahead of June-ending companies earning declaration," said a market review of the EBL Securities.
Investors' participation was mostly concentrated on engineering sector which captured 20.20 per cent of the market turnover followed by pharmaceuticals & chemicals 13.80 per cent, fuel & power 10.20 per cent and textile 7.80 per cent.
National Tubes topped the turnover chart with a value of Tk 257 million followed by Beacon Pharmaceuticals Tk 114 million, Standard Ceramics Tk 109 million, SEML FBLSL Growth Fund Tk 75 million, and Wata Chemicals Tk 66 million.
Small cap companies dominated the DSE's top 10 gainers chart and National Tubes was the number one gainer with a rise of 9.95 per cent to close at Tk 190 each.
SEML FBLSL Growth Fund was the worst loser rafter declining 9.34 per cent to close at Tk 16.50 each.
On the Chittagong Stock Exchange (CSE), the benchmark index CASPI declined 0.37 per cent or 56.43 points to close at 14966.03 points.
Of 250 issues traded, 69 advanced, 146 declined and 35 were unchanged and the turnover stood at above Tk 123.69 million on the port city bourse CSE.
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