The market witnessed mild correction Thursday after three consecutive sessions' upturn with turnover remaining above Tk 5.0 billion-mark as investors booked quick profit.
DSEX, the prime index of the Dhaka Stock Exchange (DSE) ended at 4,961.84 points, shedding 30.15 points or 0.60 per cent after gaining 223 points in the last three consecutive sessions.
The other two indices also closed in red. The DS30, comprising blue chips lost 10.13 points or 0.54 per cent to close at 1,843.69 points. The DSE Shariah Index dropped 4.94 points or 0.42 per cent to close at 1,161.43 points.
Investor participation remained active at DSE with total turnover amounting to Tk 5.13 billion, slightly down by 0.6 per cent over the previous sessions' value of Tk 5.16 billion, mostly supported by debuted Hamid Fabrics, which added Tk 499.61 million.
The investors' attention was mostly focused on pharma, textile and power - the sectors that accounted for 19 per cent, 18 per cent and 11 per cent of the day's total turnover respectively.
"The market ended a negative stance as the investors realised their profits in major sectors," commented International Leasing, in an analysis.
Most of the investors' attention was grabbed by small and mid-cap stocks from various sectors, particularly the newly listed Hamid Fabrics, said the International Leasing.
IDLC Investments said: "The preference to book profit, beyond three running sessions' up tone, pulled down the market".
The reporting of poor recovery in default loans and increased classified loans in baking industry hit on the day's market sentiment, too, said the merchant bank.
"The investors got frightened on overall economic future, pursuing cashing out tendency," the merchant bank added.
LankaBangla Securities said that the market turned in a mixed performance during trading of Thursday on face of profit booking after rallying 223 points in last three trading sessions.
However, traders acted reluctant to make significant move as the day's choppy trading came on the heel of the strength that was seen in the previous sessions, the stock broker added.
Correction was observed across most of the major sectors except food and allied and telecommunications which closed flat in positive with 0.09 per cent and 0.03 per cent respectively.
NBFIs and cement lost the most retracing 1.45 per cent and 1.33 per cent respectively. They were followed by banks 1.09 per cent, power 0.40 per cent, pharmaceuticals 0.34 per cent all of which closed in red.
The losers took a lead over the gainers as out of 305 issues traded, 160 declined, 110 advanced and 35 remained unchanged on the DSE floor.
The port city bourse, Chittagong Stock Exchange (CSE) also closed marginally lower after three sessions with its Selective Categories Index - CSCX - lost 50.99 points to close at 9,310.27 points.
Losers beat gainers 144 to 57, with 20 issues remaining unchanged at the port city bourse that traded 11.73 million shares and mutual fund units, turnover value of Tk 457.69 million.
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