The Dhaka Bourse ended lower on Sunday due to corrections witnessed by major sectors.
Of the major sectors, banking, financial institutions and engineering witnessed correction and left a negative impact on the indices and turnover value.
The market opened with a positive note, but shortly afterwards the broad index of the premier bourse started declining due to selling pressure.
The losers took control over the gainers throughout the whole session on Dhaka Stock Exchange (DSE).
Among the large-cap sectors, telecommunication showed maximum positive movement while the engineering sector showed maximum negative movement from the previous trading session.
The DSE broad index, DSEX, showed a recovery stance during mid-session but eventually failed to recover the losses.
At the end of the session, the DSEX closed at 5415.24 points with a loss of 0.94 per cent or 51.80 points.
"The downward shift in the index was mainly driven by significant negative changes in the large-cap sectors except telecommunication," according to market review of LankaBangla Securities.
Some investors, however, took position on the fuel & power sector on the DSE.
The shariah based index, DSES, declined 0.42 per cent or 5.35 points to close at 1,250.15 points. The DS30 comprising blue chip securities went down by 0.19 per cent or 3.77 points to close at 1,897.22 points.
According to EBL Securities, the market experienced selling pressure as investors adopted wait and see approach ahead of the financial year-end declarations.
"Selling spree was exerted on stocks mostly from banking, textile and engineering sectors," said the EBL Securities.
Of the 331 issues traded on the day, 59 advanced, 252 declined and 20 remained unchanged.
The turnover value stood at above Tk 7.42 billion which was 10.14 per cent less than the turnover of the previous session.
Of the major sectors those declined, banking lost 0.9 per cent, engineering 1.7 per cent, financial institutions 1.6 per cent, life insurance 4.4 per cent, textile 3.4 per cent and travel & leisure 0.9 per cent.
Of the gaining sectors, fuel & power advanced 0.6 per cent, pharmaceuticals & chemicals 0.1 per cent and telecommunication 1.6 per cent.
Investors' activities were concentrated mostly on fuel & power sector which captured 20.3 per cent of the market turnover, followed by engineering 19.9 per cent, textile 15.5 per cent, and pharmaceuticals & chemicals 8.4 per cent.
Khulna Power Company topped the turnover chart with a value of Tk 706 million, followed by United Power Generation and Distribution Company Tk 563 million, IFAD Autos Tk 336 million, Active Fine Chemicals Tk 288 million and BBS Cables Tk 256 million.
National Tubes was the number one gainer with a rise of 8.90 per cent to close at Tk 119.80 per share.
Evince Textiles was the worst loser after declining 30.66 per cent to close at Tk 10.40 per share.
All indices also declined on the Chittagong Stock Exchange (CSE) on Sunday.
The broad index CASPI closed at 16,701 points with a loss of 1.10 per cent or 185.83 points.
Of 241 issues traded, 33 advanced, 199 declined and nine were unchanged. The turnover stood at Tk 267.01 million on the port city bourse.
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