Dhaka stocks slipped Wednesday again after gaining two straight sessions amid selling pressure by the investors rattled by the long bearish spell.
Beginning with an upbeat mood, the Dhaka Stock Exchange (DSE) finished on the red due to selling spree by the investors.
All the market barometers -the benchmark DSE General Index (DGEN), All Shares Price Index and DSE-20 - shed 34.83 points, 28.78 points and 18.44 points to close at 2661.26, 2284.71 and 2466.50 respectively.
The benchmark index so far dropped 17.24 per cent since June 1 this year when it was over 3200 mark.
"The market is generally trend-based. So, the investors, shocked by the long bearish spell, feel that the market will go down further," an analyst said adding that the psychological impact of which has also been felt, leading to a lot of people backing out from buying.
Powered by losers, the total turnover climbed to Tk 2.34 billion against the previous day's Tk 2.12 billion. Of the total turnover, the top ten turnover leaders accounted for around 63 per cent.
Losers took a strong lead over gainers as out of 232 issues traded, stock prices of 125 issues advanced, 86 declined and 17 remained unchanged.
The total market capitalisation, however, declined to Tk 935.17 billion against Tk 940.51 billion.
Share prices of Titas Gas fell 5.09 per cent to finish at Tk 335.50 a share. But it accounted for 13 per cent of the day's total turnover and continued to retain the top turnover position with shares worth Tk 323.53 million traded.
Beximco Pharma was the second top turnover leader with shares worth Tk 319.70 million traded and its share prices continued to increase posting a rise of 0.72 per cent to end at Tk 111.80 per share.
ACI Limited, Beximco Limited, Square Pharma, Lanka Bangla Finance, BATBC, Keya Cosmetics, Grameen Mutual Fund One and AIMS First Mutual Fund were the other turnover leaders on the day.
Stock prices of the Modern Industries, a Z-category issue, was the top gainer with a rise of 16.66 per cent, followed by Sonargaon Textile 5.26 per cent, Anlima Yarn 5.00 per cent, Maq Enterprise 4.00 per cent, Anwar Galvanizing 3.93 per cent and Rangamati Foods 3.57 per cent.
