The Dhaka bourse closed the week's last session with a sharp loss after a day of breaking the previous losing streak as selling pressure mounted to make profits.
The Dhaka Stock Exchange (DSE) opened the day's session positively but soon the DSE broad index DSEX began to fall. A sign of recovery was observed during the mid session but failed to ensure a positive closure as investors were busy liquidating their holdings.
Many of the blue chip stocks, which had pushed the index up since August 6, dragged the market on Thursday.
The top 10 index movers added 91 points to the broad index on Wednesday, most of which dragged the marker on Thursday.
The share price of British American Tobacco Bangladesh Company declined 0.63 per cent, BRAC Bank 2.39 per cent, Robi Axiata 2.89 per cent, and Grameenphone 0.58 per cent.
However, Heidelberg Cement and Renata advanced 5.09 per cent and 1.32 per cent respectively.
A market review of the EBL Securities said risk-averse investors continued their cautious selling approach since the recently heightened optimism gradually faded due to the weakening strength of the market's momentum.
It said investors' stance to book profits after the recent rally was another reason behind the fall.
Sellers dominated the market throughout the session on Thursday. At the end of the session, the DSEX settled at 5903 points with a loss of 0.82 per cent or 48.93 points.
Following the price correction experienced by blue chip stocks, the DS30 index declined 0.80 per cent or 17.69 points to close at 2179.34 points.
Of the 398 issues traded, 91 advanced, 275 declined and 32 were unchanged. The premier bourse DSE posted a turnover of Tk 9.99 billion, 20 per cent lower than the previous session.
Small-cap companies dominated the chart of the day's top 10 gainers.
DBH Finance was the number one gainer, with a rise of 9.86 per cent, while Delta Life Insurance was the worst loser as it endured correction by 5 per cent.
Riding on investors' increased participation, Grameenphone topped the chart of turnover leaders with a value of Tk 855 million, followed by BRAC Bank Tk 677 million, Heidelberg Cement Tk 427 million and Unilever Consumer Care Tk 395 million.
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