Dhaka bourse closed the week's first session marginally lower both in broad index and turnover following investors' watchful stance opted in case of taking positions.
On Sunday, the broad index of Dhaka Stock Exchange (DSE) displayed volatility throughout the whole session and finally settled below 4900-points.
Above 50 per cent of the issues of the insurance sector, which has recently dominated the charts of top turnovers and top gainers, witnessed price correction on Sunday as many investors opted to diversify their portfolios.
After day long choppy trading, the DSE broad index DSEX finally settled at 4892.01 with a loss of 0.44 per cent or 22.02 points.
Of other indices, the shariah based index DSES declined 0.42 per cent or 4.70 points to close at 1109.46.
DS30 index comprising blue chip securities went down by 0.56 per cent or 9.52 points to close at 1682.91.
According to a market review of International Leasing Securities, Dhaka stocks closed in red amid choppy trading as the risk-averse investors preferred to book some quick gain following the recent price upsurge.
"The market started with optimism but the cheer reversed within the first hour of the session as the shaky investors opted to liquidate their investment especially from engineering, general insurance, textile, food, pharmaceuticals and fuel & power sectors," according to International Leasing Securities.
It said optimistic investors, however, tried to upturn the index but active presence of the wobbly investors pushed the core index down.
"Many investors took positions on mutual fund, life insurance, telecom and financial institution sectors," said the market review of International Leasing Securities.
Of 357 issues traded, 111 advanced, 186 declined and 60 were unchanged on Sunday on the premier bourse DSE.
Of total turnover worth Tk 8.85 billion, Tk 309.15 million came from transactions executed in block board.
Of the major sectors, engineering witnessed the highest price correction of 5.3 per cent followed by general insurance 1.7 per cent, pharmaceuticals & chemicals 0.7 per cent, fuel & power 0.6 per cent and bank 0.3 per cent.
Of the sectors which witnessed price appreciation, life insurance advanced 0.9 per cent, telecommunication 0.5 per cent, and mutual fund 2.2 per cent.
Investors' participation was concentrated mostly on general insurance sector which grabbed 40.1 per cent of the market turnover followed by engineering 9.1 per cent,pharmaceuticals & chemicals 7.1 per cent, life insurance 6.2 per cent and financial institutions 6.19 per cent.
Sandhani Life Insurance Company topped the chart of most traded stocks with a value of Tk 290 million followed by Beximco Pharmaceuticals Tk 240 million, S. S. Steels Tk 223 million, Global Insurance Tk 213 million and Paramount Textile Tk 206 million.
Bangladesh Building Systems (BBS) was the number one gainer with a rise of 12.05 per cent or Tk 2.0 to close at Tk 18.80 each.
On Sunday Associated Oxygen made debut trading under 'N' category and the company's share price closed at Tk 15 each on the DSE with a rise of 50 per cent.
Malek Spinning Mills was the worst loser after declining 8.9 per cent or Tk 1.3 to close at Tk 13 each.
On the Chittagong Stock Exchange (CSE), the benchmark index CASPI declined 0.62 per cent or 87.32 points to close at 13942.36 points.
Of 267 issues traded, 84 advanced, 141 declined and 42 declined on the port city bourse CSE.
At the end of the session, the CSE posted a turnover of above Tk 240.46 million through 9,224 trades.
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