Stocks witnessed another bearish session Monday amid low turnover as investors continued their selling binge, fearing further fall.
The market opened on negative note and downturn continued until end of the session with no sign of reversal.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 62.73 points or 1.20 per cent to settle at nearly 28 months to 5,175.
Two other indices also ended lower. The DS30 index, comprising blue chips, fell 20.17 points to finish at 1,835 and the DSE Shariah Index lost 10.42 points to close at 1,198.
Turnover, another important indicator of the market, however, also fell to Tk 2.98 billion, which was 13 per cent lower than the previous day's Tk 3.44 billion.
Trading activities dropped further below to Tk 3.0 billion-mark as the investors preferred sidelines to observe the market, said a leading broker.
According to EBL Securities, the market index dropped to 28 months low amid investors' lack of confidence in the market.
The stockbroker noted that lower-than-expected dividend declaration of some companies also failed to full-fill investors' expectation.
All large-cap sectors showed negative movement with food posted the highest loss of 2.89 per cent, followed by engineering with 1.69 per cent, banking 1.67 per cent, telecommunication 1.47 per cent, financial institutions 1.07 per cent, power 0.80 per cent and pharmaceuticals 0.31 per cent.
The losers took a strong lead over the gainers as out of 347 issues traded, 217 declined, 86 advanced and 44 issues remained unchanged on the DSE trading floor.
A total number of 94,479 trades were executed in the day's trading session with trading volume of 80.10 million securities.
The market capitalisation of the DSE also fell to Tk 3,827 billion on Monday, from Tk 3,873 billion in the previous day.
Fortune Shoes topped the turnover chart with 3.29 million shares worth Tk 123 million changing hands.
The other turnover leaders were Genex Infosys, Monno Ceramic, Bangladesh Submarine Cable Company and Brac Bank.
Eastern Insurance was the day's best performer, posting a gain of 13 per cent following its corporate declaration while Malek Spinning was as the worst loser, losing 19.62 per cent.
The port city bourse, Chittagong Stock Exchange, also ended lower with its CSE All Share Price Index - CASPI -shedding 183 points to settle at 15,869 and the Selective Categories Index - CSCX -losing 107 points to finish at 9,602.
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