Stocks returned to the red Wednesday after a single session break as the investors booked profit on some particular large cap stocks.
Positive start of index faded out due to selling pressure as the session progressed.
At the end of the session, the prime index of the Dhaka Stock Exchange (DSEX) dipped below 4,600 points mark once again and ended at 4,590.14 points, shedding 16.60 points or 0.36 per cent.
The other two indices also closed into red. The DS30, comprising blue chips lost 10.55 points or 0.55 per cent to close at 1,692.75. The DSE Index (DSES) went down by 3.54 points or 0.34 per cent to close at 1,032.92 points.
DSE saw sluggish trading activities posting a total turnover of Tk 5.30 billion which was 3.0 per cent lower compared to the previous session's value of Tk 5.47 billion.
"The market went for price correction as the investors booked profit on some particular large cap stocks," commented International Leasing Securities, in its regular market analysis.
"Late hour sale pressure reversed the day's opening hype and pulled down the market," said IDLC Investments.
Meanwhile, investors booked some profit from recent bull trend of a few heavy-weighted scrips. Consequently, dominance of Large Cap was neutralized," said the merchant bank.
"DSE introduced T+2 settlement cycle from Wednesday with a view to increase the liquidity flow in the stock market. However, participants didn't react much with the opportunity of greater liquidity," the merchant bank observed.
"Index declined erasing some profits of previous trading session weighed down by textile, telecommunication, NBFI, and food & allied stocks," said LankaBangla Securities.
"Previous day, Multinational Companies and oil stocks posted more than 5 to 8 per cent return which pushed up market strongly, while these stocks have been battered as investors were prone to scaling out stocks to bag some profit at this level," said the stock broker.
"Market decides to stay low, absorbing the commencement of the new T+2 formulas, introduced to increase the liquidity flow in the capital market" said Zenith Investments.
The losers took a marginal lead over the gainers as out of 285 issues traded, 146 declined, 106 advanced and 33 issues closed unchanged on the DSE floor.
Activities increased in the major bourse (DSE) where volume and trade were up 6.21 per cent and 7.23 per cent respectively. A total of 0.102 million trades were executed in day's trading session with 84.85 million securities of trading volume.
The port city bourse - Chittagong Stock Exchange (CSE) also ended lower with its Selective Categories Index --- CSCX lost 59.57 points to stand at 8,832.98 points.
Losers beat gainers 137 to 56, with 20 issues remaining unchanged at the port city bourse that traded 7.20 million shares and mutual fund units, turnover value of Tk 359.40 million.
