The broad index of the Dhaka Stock Exchange (DSE) bourse witnessed a sharp fall on Sunday as three-fourth of the listed securities went red.
Of last five sessions, the DSE broad index DSEX declined in three sessions and lost 2.11 per cent or 115.25 points including the loss of Sunday.
The DSEX closed at 5446.41 points on October 10 and it declined to 5331.16 points on Sunday.
Except miscellaneous and telecommunication, all other sectors witnessed correction on the premier bourse DSE on Sunday.
Following investors' less participation, the turnover value also went down below Tk 4.40 billion.
Indo-Bangla Pharmaceuticals was the second highest loser after one day of making its flying debut.
Khairul Bashar Abu Taher Mohammed, the secretary general of Bangladesh Merchant Bankers Association (BMBA), said the market is not witnessing fresh fund as many investors are in sideline.
"Many investors are in hesitation in case of purchasing shares with a fear of further loss," Bashar said, and stressed on market supportive measures.
The market opened the Sunday's session with a positive note and soon later the DSEX failed to continue its upward trend.
During mid session, a weak recovery stance was observed but finally the broad index closed the session with a large fall.
At the end of the session, the DSEX settled at 5331.16 points with a loss of 0.93 per cent or 50.35 points.
The shariah based DSES declined 1.06 per cent or 13.27 points to close at 1230.26 points.
The DS30 index comprising blue chip securities went down by 0.61 per cent or 11.74 points to close at 1884.32 points.
"The shaky investors started selling pressure in the early hour and there was no sign of intraday reversal, leading the benchmark index to close below the 5,400-mark," said the EBL Securities.
It said watchful stance of many investors also pulled down the index and notable selling of shares was observed in all the major sectors especially from fuel & power, food & allied and textile sectors.
Of total issues traded, 49 advanced, 258 declined and 32 were unchanged on the premier bourse DSE on Sunday.
On Thursday, Indo-Bangla Pharmaceuticals made its debut trading and as most traded stock, it topped both the turnover and top 10 gainers chart.
On that day, the company's ten taka shares jumped to Tk 44 with a rise of 346 per cent or Tk 34.60.
The company's share price declined 12.41 per cent to close at Tk 38.80 on Sunday on the DSE.
Of the declining sectors, bank lost 0.3 per cent, engineering 0.5 per cent, financial institutions 1.2 per cent, fuel & power 2.7 per cent, pharmaceuticals & chemicals 0.2 per cent, tannery 0.9 per cent, textile 2.2 per cent and travel & leisure 1.8 per cent.
Of two gaining sectors, miscellaneous and telecommunication advanced 0.2 per cent and 0.1 per cent respectively.
Investors' participation was concentrated on mostly textile sector which grabbed 16.60 per cent of the market turnover followed by bank 13.10 per cent, fuel & power 13.10 per cent and pharmaceuticals & chemicals 11.50 per cent.
Khulna Power Company topped the turnover chart with a value of Tk 266 million followed by IFAD Autos Tk 125 million, Summit Power Tk 120 million, VFS Thread Dyeing Tk 115 million and United Power Generation and Distribution Company Tk 102 million.
United Insurance was the number one gainer with a rise of 9.72 per cent or Tk 2.10 to close at Tk 23.70 each.
Rahim Textile Mills was the worst loser after declining 13.85 per cent to close at Tk 404 each.
On the Chittagong Stock Exchange (CSE), all indices also declined on Sunday.
At the end of the session, the benchmark index CASPI settled at 16410.49 points with a loss of 0.76 per cent or 127.22 points.
The CSE30 index declined 0.58 per cent or 85.21 points to close at 14701.59 points.
The CSE50 index went down by 0.51 per cent or 6.31 points to close at 1214.65 points.
Of 249 issues traded, 53 advanced, 168 declined and 28 were unchanged.
The turnover stood at above Tk 188.23 million on the port city bourse CSE.
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