Dhaka stocks went into the red Monday, intensified by selling pressure as investors' confidence sapped.
The DSEX, the broad index of Dhaka Stock Exchange (DSE), showed a falling trend from the beginning of the session, which continued until closure.
At the end of the session, the DSEX fell by 1.13 per cent to settle at 5,372.23 points.
Talking to the FE, a merchant banker said lack of investors' confidence and the rise in deposit rate may be among the reasons behind the declining trend observed in the capital market.
The DSES, the Shariah-based index, also declined by 1.44 per cent or 18.14 points to close at 1,240.61 points.
The DS30 index comprising blue chip securities went down by 0.93 per cent or 18.22 points to close at 1,924.53 points.
Of the total issues traded, only 45 advanced, 273 declined and 28 were unchanged on the premier bourse.
The turnover stood at over Tk 4.18 billion, which was 26.47 per cent higher than that of the previous session.
The market operators said the turnover rose moderately Monday as many investors offloaded stocks following the market trend.
Of the major sectors by market capitalisation, banks declined 0.3 per cent, engineering 1.1 per cent, financial institutions 1.7 per cent, fuel and power 1.5 per cent, pharmaceuticals and chemicals 0.6 per cent, and telecommunications 1.9 per cent.
Food and allied was the only gaining sector, which advanced 2.5 per cent Monday on the nation's largest exchange.
British American Tobacco Bangladesh Company topped the turnover chart valued at Tk 575 million, followed by Grameenphone at Tk 226 million, United Power Generation & Distribution Company at Tk 173 million, Fortune Shoes Tk 117 million, and Eastern Cables Tk 115 million.
Eastern Cables posted the highest price hike of 8.72 per cent to close at Tk 348.80 per share.
Dutch-Bangla Bank was among the top 10 losers and the company's share price closed at Tk 90.40 each from Tk 209.20 as dividend was adjusted.
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