Dhaka Stock Exchange (DSE) closed the Sunday's session with a sharp loss in broad index and extended the losing streak for third consecutive session.
The day's sharp decline was intensified by the selling pressure executed throughout the whole session by risk-averse investors.
The market operators said many investors liquidated their holdings to escape further losses amid the market's volatility observed recently.
The premier bourse opened the day's session positively but soon later the DSE broad index, DSEX started to decline following investors' selling pressure.
No strong recovery stand was observed till closure and finally the core index settled at 6629.89 with a loss of 1.08 per cent or 72.73 points.
The shariah based index DSES declined 1.03 per cent or 14.78 points to close at 1408.86.
The DS30 index comprising blue chip securities closed at 2488.04 with a loss of 0.95 per cent or 23.95 points.
According to a market review of International Leasing Securities, the shaky investors started the session with early-hour sell pressure which continued till the closure.
"Notable selling of shares was observed on almost all of the sectors which contributed to the big fall in indices," the market review said.
Of 378 issues traded, 82 advanced, 261 declined and 35 were unchanged on the premier bourse DSE.
"Indices declined as investors continued their selling binge on all sectoral stocks as the prolonged bearish trend of the market reduced investors' risk-taking appetite," said another market review of EBL Securities.
Of large cap companies which saw price correction, the share price of Grameenphone declined 0.09 per cent, Beximco 1.99 per cent, Square Pharmaceuticals 0.79 per cent, Walton Hi-Tech Industries 1.33 per cent, British American Tobacco Bangladesh Company 1.37 per cent and MJL Bangladesh Limited 1.15 per cent.
The DSE on Sunday posted a turnover of Tk 8.85 billion which was 10.46 per cent higher than the turnover of the previous session.
Of total turnover, Tk 601 million came from transactions executed in block board of the premier bourse.
Of the sectors which witnessed price correction, bank declined 0.9 per cent, engineering 1.4 per cent, financial institutions 1.1 per cent, fuel & power 1.1 per cent, pharmaceuticals & chemicals 0.8 per cent, telecommunication 1.2 per cent, and textile 1.6 per cent.
Investors' participation was concentrated mostly general insurance sector which grabbed 20.1 per cent of market turnover followed by paper & printing 17.7 per cent, miscellaneous 13.7 per cent, and pharmaceuticals & chemicals 8.3 per cent.
Sonali Paper & Board Mills topped the scrip wise turnover chart with a value of Tk 1.53 billion followed by Beximco Tk 625.53 million, Asia Insurance Tk 619.58 million, Bangladesh Shipping Corporation Tk 513.27 million and Eastern Insurance Company Tk 215.75 million.
Bangladesh Shipping Corporation was the number one gainer with a rise of 12.34 per cent to close at Tk 55.50 each.
Eastern Lubricant was the worst loser after declining 15.16 per cent to close at Tk 2818.20 each.
On Sunday, SJIBL Mudaraba Perpetual Bond made its debut trading and on the day no transaction of the bond's units was executed on the premier bourse DSE.
CASPI, benchmark index of Chittagong Stock Exchange (CSE), declined 1.33 per cent or 261.41 points to close at 19268.24.
Of 297 issues traded, 48 advanced, 232 declined and 17 were unchanged and the port-city bourse CSE posted a turnover of Tk 581.82 million.
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