The Dhaka bourse closed the Sunday's session with a negative note along with featuring the lowest turnover of around last four months as many investors refrained from injecting funds amid cautious stance.
On the day, the broad index of the Dhaka Stock Exchange (DSE) settled below 5500-point mark following the price correction witnessed by major sectors such as bank, engineering and telecommunication.
The market operators said the market featured record low turnover value as many investors refrained themselves from putting fresh funds amid ongoing bearish trend in the market.
"The shaky investors liquidated their holdings from large-cap stocks, particularly on telecommunication, financial institutions and fuel & power sectors which hit the market," said a market review of the EBL Securities.
The DSE opened the day's session with a positive note and the upward trend continued for around half an hour.
Soon later, DSEX, the DSE broad index failed to continue the trend and went down below the day's starting mark.
Some recovery stances were observed during the rest of the session but the core index finally closed with a marginal loss.
At the end of the session, the DSEX settled at 5433.89 with a loss of 0.47 per cent or 26.02 points.
The shariah-based index DSES declined 0.83 per cent or 10.65 points to close at 1258.76.
The DS30 index comprising blue chip securities closed at 1942.76 points with a loss of 0.29 per cent or 5.70.
Of total issues traded, only 73 advanced, 236 declined and 35 were unchanged on the DSE.
The turnover stood at above Tk 3.30 billion which was the lowest turnover since December 18, 2018. The Sunday's turnover was 9.0 per cent lower than the previous session.
"The turnover closed at recorded low of Tk 3.3 billion due to investors' lack of confidence," said the EBL Securities.
On December 17, 2018 the DSE featured a turnover of above Tk 3.14 billion following investors' less participation.
Of the major sectors which witnessed correction, bank declined 0.2 per cent, engineering 0.8 per cent, financial institutions 1.7 per cent, fuel & power 0.6 per cent and telecommunication 3.0 per cent.
Of the very few gaining sectors, cement advanced 0.8 per cent, food & allied 5.8 per cent, and miscellaneous 0.2 per cent.
Investors' participation was mostly concentrated on fuel & power sector which grabbed 16.70 per cent of the market turnover followed by engineering 16.50 per cent, pharmaceuticals & chemicals 10.70 per cent and telecommunication 9.0 per cent.
United Power Generation and Distribution Company topped the turnover chart with a value of Tk 337 million followed by Fortune Shoes Tk 188 million, Bangladesh Submarine Cable Company Tk 157 million, Grameenphone Tk 138 million and Monno Ceramic Tk 111 million.
Eastern Cables was the number one gainer as its price rose 8.74 per cent to close at Tk 320.80 per share.
British American Tobacco Bangladesh Company was the worst loser after declining 64.58 per cent to close at Tk 1616.90 each.
All indices also declined on Sunday on the Chittagong Stock Exchange (CSE) following the correction witnessed by the major sectors.
The benchmark index CASPI closed at 16665.39 points with a loss of 0.44 per cent or 75.03 points.
Of 241 issues traded, only 55 advanced, 161 declined and 25 were unchanged.
At the end of the session, the turnover stood at above Tk 956.29 million on the port city bourse CSE.
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