The market ended lower for the four consecutive sessions Sunday with turnover dipping below six-week low as investors remained watchful amid shaky market sentiment.
The market opened the week on a positive note, gaining around eight points within first 30 minutes of trade, but lost momentum soon and closed in red.
The benchmark index of the Dhaka Stock Exchange (DSEX) ended at 4,411.15 points, shedding 25.05 points or 0.56 per cent from previous session.
The other two indices also closed in negative. The DS30, comprising blue chips lost 9.63 points or 0.59 per cent to close at 1,612.23 points. The DSE Shariah Index (DSES) shed 5.13 points or 0.51 per cent to close at 997.77 points.
The turnover value came down to Tk 2.15 billion, registering a decline of 17.8 per cent over the previous session's value of Tk 2.62 billion. It was also 6-week low turnover since Tk 1.82 billion on 25 May.
"The continued losing streak dwindled market confidence, keeping investors in meticulous positioning," said IDLC Investments, in its daily market analysis.
Expectations on half-yearly earnings and upcoming monetary policy statement (MPS) for July-December, the market started reviving amid investors, the merchant bank said.
Basing on these, investors prompted balancing their portfolio. However, dimmed market sentiment eroded activities, dragging total turnover to 6-week low, said the merchant bank.
LankaBangla Securities said: "Market ended red on the opening day of the week in continuation of shaky market sentiment on last Thursday".
After experiencing fall in four consecutive sessions, investors may be watching how index moves before hitting the 'psychological' support level of 4,440 points, said the stock broker.
"As second quarter earnings starts hitting the screen soon, market direction will be visible," said the stock broker.
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