Amid gloomy market outlook, stocks fell further Monday with key index of the premier bourse dipping to one month low level as investors were seemed to be indecisive for fresh positioning.
The market started with a positive note like previous session, but could not sustain. At the end of the session, the prime index of the Dhaka Stock Exchange (DSE) --- DSEX went down by 21.63 points or 0.46 per cent and closed to one month low level at 4,665.56 points.
The other two indices also ended in the red. The DS30, comprising blue chips lost 4.07 points or 0.24 per cent to close at 1,681.25. The DSE Shariah Index (DSES) also dropped 6.87 points or 0.67 per cent to close at 1,012.75 points.
Total turnover on DSE came down to Tk 4.02 billion, registering 21.32 per cent decline over the previous session's value of Tk 5.10 billion.
"Flat endings extended to sixth session as market outlook stayed gloomy. However, a few Large Cap scrips that dominated activity in last several sessions faced marginal corrections during the day's session," commented IDLC Investments.
Besides, Micro Cap scrips declined much ahead of profit booking. Since market remained flat, investors were seemed to be indecisive for fresh positioning, said the merchant bank.
"This pressed on market participations, dragging turnover down by 21.32 per cent. However, Pharmaceuticals and Textile continued dominating market activities for the last three sessions, capturing 14.19 per cent & 13.66 per cent, respectively of day's turnover, the merchant bank added.
"The stock market continued its losing streak amidst less investors' participation. Point-to-point comparison showed that DSEX lost 132.40 points in last one month," said International Leasing Securities.
"Market was directionless and the benchmark index lost 0.46 per cent and currently standing at its one month low," said LankaBangla Securities.
Index heavyweights stocks like Beximco Pharma, Lafarge Surma Cement, Bexomco and Mutual Trust Bank hoard some gains with large amount of volume while some other major stocks of banking and textile sector took the hit of the day, it said.
Though, index opened green, it fell almost 21.6 points in day's trading session as sell pressures are coming from Bank, NBFI and other large and mid- cap sectors, the stock broker said.
