Stocks slipped in the red for the second running session Tuesday amid modest volatility as investors booked profit.
The market opened with a positive mood, but could not sustain amid sale pressure. Eventually, DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down by 16.63 points or 0.31 per cent to close at 5,292.60 points.
The DS30, comprising blue chips, lost 0.84 points or 0.04 per cent to close at 1,993.27 points. However, the DSE Shariah Index managed to close in positive territory like previous session, gaining 2.36 points or 0.19 per cent to end at 1,240.10 points.
Trading at DSE remained upbeat. The total turnover amounted to Tk 10.97 billion, registering an increase of 9.15 per cent over the previous session's value of Tk 10.05 billion.
The investors' attention was mostly concentrated on pharmaceuticals, power and NBFI - the sectors that accounted for 17.93 per cent, 17.78 per cent and 10 per cent respectively of the day's total turnover.
"The market endured two consecutive session negative sessions for the first time in the last one-month as the inevitable profit booking attitude of the investors surfaced across the major sectors," said International Leasing Securities.
Most of the sectors suffered by the market's overall gloomy vibe although large cap stocks from pharma and power stocks along with a few small cap stocks from NBFI sector managed to attract investors' amidst the expectation of further positive returns and satisfactory year-end declaration, said the International Leasing.
LankaBangla Securities said: "Market continued to extend loss as investors continued to banked profit on banking stocks for the second day".
"Market indicators show that multinational companies and manufacturing stocks are back on their track as investors are smacking lips at further gain on these stocks," the stock broker said.
The port city bourse, Chittagong Stock Exchange (CSE) also saw marginal correction with its Selective Categories Index - CSCX - lost 36.03 points to close at 9,935.84 points.
Losers beat gainers 138 to 83, with 15 issues remaining unchanged at the port city bourse that traded 20.10 million shares and mutual fund units with turnover value of Tk 679.22 million.
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