The broad index of Dhaka bourse Monday posted a sharp fall as all sectors, except two ones, witnessed correction.
On the day, the losers took control over gainers and the broad index DSEX went down below 6,000-point-mark after 34 sessions on Dhaka Stock Exchange (DSE).
The market started the session with a negative note and the DSEX witnessed the downtrend till the closure amid sharp correction observed by banks.
A senior official of the IDLC Investments said the market sometimes loses its momentum if the flat trend continues for a significant number of sessions.
"The DSEX witnessed sharp correction as major sectors, including bank, witnessed selling pressure," said the official of IDLC Investments.
At the end of the session, the DSEX closed at 5,981.95 points with a loss of 0.98 per cent or 59.25 points.
The shariah-based index DSES declined 0.55 per cent or 7.43 points to close at 1,324.84 points, while the blue chip index DS30 closed at 2,174.51 points with a loss of 0.67 per cent or 14.74 points.
According to International Leasing Securities, the benchmark index of the premier bourse witnessed free-fall amid daylong selling 'frenzy'.
It said investors opted to book gain on shares, especially from stocks of banking sector that witnessed price surges over the last few weeks' uptrend. Of 332 issues traded, 68 advanced, 223 declined and 41 were unchanged on the premier bourse DSE.
"Stocks from almost all the sectors edged lower, where selling pressure in financial institution, food and fuel & power sector stocks contributed to notable fall in indices. However, IT and telecom sectors attracted some of the investors' attention," said the International Leasing Securities.
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