The Dhaka bourse closed lower on Sunday extending the losing streak for fourth consecutive session as major sectors displayed corrections.
Both the turnover and broad index witnessed moderate losses.
The market started the day's session with a positive mood riding on market supportive role by major sectors.
But the optimistic trend continued for half an hour on the Dhaka Stock Exchange (DSE).
Later, the major sectors including the bank and financial institutions observed selling pressure and the DSE broad index DSEX displayed ups and downs.
At the end of the session, the DSEX failed to break the losing streak and closed at 5,773.60 points with a loss of 0.68 per cent or 39.52 points.
The blue chip index DS30 closed at 2,175.92 points with a loss of 0.49 per cent or 10.86 points, while the blue chip index DSES declined 0.16 per cent or 2.24 points to close at 1,350.59 points.
According to a market review of International Leasing Securities, the market started with an optimistic tone as the investors' buying enthusiasm perceived in sector-specific stocks, but the profit booking tendency of risk-averse investors pushed down the market within first one hour.
"The Dhaka stocks closed in negative territory on Sunday, elongating the market plummet to fourth consecutive sessions, as the investors persisted to sell off shares," it said.
It further said that investors' selling spree was observed in financial institutions, banking, textile and engineering sectors.
Of the total issues traded, 85 advanced, 219 declined and 33 were unchanged on the premier bourse.
The turnover stood at above Tk 4.12 billion which was 25.51 per cent less than the turnover of the previous session.
According to another market review of EBL Securities, the starting buoyancy did not sustain as many investors opted for profit booking.
"Selling pressure was spurred on stocks especially from bank, financial institutions and telecommunication sectors," it said.
Of the major declining sectors, bank lost 1.2 per cent, engineering 0.7 per cent, financial institutions 2.1 per cent, fuel & power 0.4 per cent, pharmaceuticals & chemicals 0.1 per cent, telecommunication 0.3 per cent and textile 0.8 per cent.
Investors' participation was concentrated on banking sector which grabbed 28 per cent of the market turnover, followed by pharmaceuticals & chemicals 12.7 per cent, engineering 10.8 per cent and textile 10.2 per cent.
Beximco topped the scrip-wise turnover chart with a value of Tk 393 million followed by LafargeHolcim Bangladesh Tk 256 million, Northern Jute Manufacturing Company Tk 125 million, Padma Islami Life Insurance Tk 98 million and Brac Bank Tk 97 million.
Sonali Aansh Industries was the number one gainer with a rise of 8.73 per cent to close at Tk 280.1 per share.
Advent Pharma was the worst loser after declining 7.23 per cent to close at Tk 44.50 per share.
On the Chittagong Stock Exchange, the losers took control over the gainers and the benchmark index featured a moderate loss.
Of the 219 issues traded, 47 advanced, 150 declined and 22 were unchanged.
The benchmark index CASPI declined 108 points to close at 17,825 points and the turnover stood at above Tk 350 million on the port city bourse.
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