Turnover on Dhaka Stock Exchange (DSE) came down to Tk 7.0 billion on Tuesday, lowest in the last one month, as investors followed 'go-slow' strategy.
Turnover, a crucial indicator of the market, stood at Tk 7.06 billion on the country's premier bourse, slumping further by 20.58 per cent over previous day's mark of Tk 8.89 billion.
It was the lowest single-day transaction in the last one month since January 02, when the turnover totaled a record Tk 6.96 billion.
Market analysts said investors adopted a 'cautious' stance after the monetary policy statement (MPS) while some are analysing the companies' quarterly performance to pick the right stocks.
Along with low turnover, stocks also slipped back into the red, after a single-day break, as investors opted for profit booking in micro-cap and mini-cap securities.
Following the previous day's positive trend, the market opened on positive note Tuesday, but failed to maintain the upturn amid selling pressure.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,800, losing 27.82 points or 0.47 per cent over the previous day.
EBL Securities said, investors freed up their fund as a newly-listed company will make debut trading today (Thursday).
Besides, the banking sector witnessed selling pressure as it is assumed that the government will not extend the time to adjust advance-deposit ratio (ADR), said the stockbroker.
The DSES (Shariah) index also lost 2.15 points to settle at 1,317 points. However, the DS30 index, comprising blue chips, advanced 3.02 points to finish at 2,021 and
A total number of 159,972 trades were executed in the day's trading session with trading volume of 171.91 million shares and mutual fund units.
The market-cap of the DSE fell to Tk 4,178 billion which was Tk 4,183 billion in the previous day.
According to International Leasing Securities, insurance, financial institutions, bank, power, textile and engineering sectors stocks saw sale pressure which pushed down the prime index.
The financial institutions witnessed the highest loss of 1.13 per cent, followed by power with 0.79 per cent, banking 0.55 per cent, engineering 0.23 per cent and food 0.05 per cent.
Pharmaceuticals and telecommunication posted 0.61 per cent and 0.26 per cent gain.
The losers took a strong lead over the gainers, as out of 347 issues traded, 214 closed lower, 104 ended higher and 29 remained unchanged on the DSE trading floor.
The port city bourse Chittagong Stock Exchange also backed to the red with the CSE All Share Price Index - CASPI - losing 121 points to settle at 17,734 while the Selective Categories Index - CSCX -shedding 71 points to finish at 10,728.
Here too, the losers beat the gainers as 187 issues ended lower, 64 higher and 29 remained unchanged.
The port city bourse traded 8.61 million shares and mutual fund units worth more than Tk 251 million in turnover.
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