Dhaka bourse on Monday saw marginal decline both in broad index and turnover value as major sectors witnessed price correction following investors' stance of booking profits.
Dhaka Stock Exchange (DSE) opened the day's session negatively and the DSE broad index DSEX declined for half an hour.
Later, a recovery stance was observed and the DSEX touched 7,400-points mark within the first hour but failed to sustain amid sell pressure in the later part of the session.
Finally, the DSE closed the session with a marginal loss and the core index settled at 7345.57 with a loss of 0.30 per cent or 22.42 points.
The shariah based index DSES closed at 1596.64 with a rise of 0.01 per cent or 0.11 points.
DS30 index comprising blue chip securities declined 0.30 per cent or 8.49 points to close at 2757.28.
According to a market review of International Leasing Securities, Dhaka stocks slipped into the red as investors opted to book profits from sector specific issues.
"Risk-averse investors booked profit from paper, travel, services, telecom, and fuel & power sector stocks which saw price upsurges in the past few sessions," the review said.
It also said optimistic investors, however, took position on mutual fund, textile, food, bank and engineering sectors.
Of total issues traded, 97 advanced, 259 declined and 20 were unchanged on the premier bourse DSE on Monday.
The DSE featured a turnover of Tk 18.48 billion which was 5.82 per cent less than the turnover of the previous session.
According to another market review of EBL Securities, a section of investors are engaged in profit booking and also in portfolio restructuring as the listed companies are gradually making disclosures on earnings and dividends.
"Investors were relatively cautious in today's session as the total turnover has declined by 5.82 per cent and stood at Tk 18.49 billion as against Tk 19.63 billion in the last session," said the EBL Securities.
Of major sectors which saw price correction, bank declined 1.1 per cent, financial institutions 1.4 per cent, fuel & power 1.1 per cent, general insurance 1.0 per cent, and telecommunication 0.7 per cent.
Of the sectors which witnessed price appreciation, engineering advanced 0.2 per cent, life insurance 0.9 per cent, pharmaceuticals & chemicals 0.1 per cent, and textile 0.2 per cent.
Investors' participation concentrated mostly on pharmaceuticals & chemicals sector which grabbed 18.4 per cent of market turnover followed by textile 13.6 per cent, fuel & power 11.2 per cent and cement 8.1 per cent.
LafargeHolcim Bangladesh topped the scrip wise turnover chart with a value of Tk 1.38 billion followed by Orion Pharma Tk 1.02 billion, Beximco Tk 873 million, IFIC Bank Tk 640 million and Power Grid Company of Bangladesh Tk 634 million.
Shepherd Industries was the number one gainer with a rise of 9.65 per cent or Tk 2.5 to close at Tk 28.40 each.
Metro Spinning was the worst loser after declining 8.94 per cent or Tk 2.7 to close at Tk 27.50 each.
CASPI, benchmark index of Chittagong Stock Exchange (CSE), declined 0.12 per cent or 27.11 points to close at 21488.88 points on Monday.
Of 310 issues traded, 99 advanced, 190 declined and 21 were unchanged and the port city bourse CSE posted a turnover of Tk 723.28 million.
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