The broad index of the Dhaka bourse on Sunday experienced a moderate decline as many investors liquidated stocks to bag profits from the stock price gains in the previous three sessions.
Market operators said a section of investors had exerted selling pressure amid rising macroeconomic and political concerns, leading to a correction of the index.
The drop in the market value of travel & leisure, general and life insurance, and services & real estate sectors mainly dragged down the broad index of the Dhaka Stock Exchange (DSE).
The market opened the week's first session positively, but one and a half hours later the DSE broad index DSEX started to slide due to a selling pressure by cautious investors.
The market tried to recover an hour before the day's closure, but the index finally settled at 6,264.90 points with a loss of 19.73 points.
The companies, which contributed to the decline of the broad index, include Emerald Oil Industries, Unique Hotel & Resorts, Sea Pearl Beach Resort & Spa, Fu Wang Food, and Eastern Housing.
These five companies wiped out 7 points from the DSEX.
The DS30 index comprising blue chip stocks also lost 4.66 points to close at 2135.69 points as one third of 30 companies endured price erosion between 0.06 per cent and 4.54 per cent.
Of the losers, Unique Hotel & Resorts experienced the highest correction -- 4.54 per cent -- to close at Tk 65.20 each share on Sunday on the DSE.
Of the multinational companies, LafargeHolcim Bangladesh experienced a 0.72 per cent appreciation.
EBL Securities in a market review said the market observed a downbeat vibe throughout the session as sellers continued their dominance across the trading floor to stem further erosion of their holdings amid prolonged market volatility.
Of 302 issues traded, only 37 advanced, 120 declined and 145 remained unchanged.
The premier bourse posted a turnover of Tk 5.32 billion, 26 per cent up from the previous session. Of the turnover, Tk 420 million came from transactions executed on the block board of the premier bourse.
Investor participation was concentrated on the general insurance sector that contributed 27.7 per cent in market turnover, followed by the food & allied and the paper & printing sectors.
Legacy Footwear was the number one gainer, with a rise of 8.99 per cent to Tk 88.5.
The other top gainers included Ambee Pharma, Crystal Insurance Company and Samorita Hospital.
Emerald Oil Industries was the day's worst loser as it shed 9.94 per cent to close at Tk 123.20.
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