The Dhaka bourse closed almost flat on Tuesday following a mixed performance displayed by the major sectors.
After the positive closing of previous session, the market observed volatility throughout the whole session and the broad index settled in red zone finally.
The market opened positively and the DSEX, the broad index of Dhaka Stock Exchange (DSE), crossed 5800-point mark within three minutes.
Later, it failed to continue the upward trend and displayed volatility till the closure.
At the end of the day's session, the DSEX closed at 5,777.95 points with a marginal loss of 0.11 per cent or 6.71 points.
The shariah based index DSES rose 0.15 per cent or 2.13 points to close at 1,355.79, while the blue chip index DS30 closed at 2,176.15 points with a loss of 0.13 per cent or 2.93 points.
According to a market review of International Leasing Securities, the market came back to the red after a single session of break amid a mixed trading behaviour of the investors.
"The market started with positive tune as the opportunist investors started to take positions on lucrative price levels in the morning while the final hour profit booking sell pressure wiped out the early gain," it said.
It also said that the selling spree was observed on different stocks, especially from engineering, textile and banking sectors though the financial institutions, fuel & power and telecom sectors observed buoyancy.
Of the total issues traded, 126 advanced, 168 declined and 41 were unchanged on the premier bourse.
The turnover stood at above Tk 5.07 billion which was 1.53 per cent less than the turnover of the previous session.
According to another market review of EBL Securities, the premier bourse closed marginally lower amid cautious movement of the investors.
"The market started with optimistic tune but some earnings declarations from listed issues have failed to satisfy investors' expectation that resulted into selling pressure," said the EBL securities, adding that investors' selling pressure was spurred on stocks especially from bank, engineering and textile sectors.
Of the major sectors, which declined, bank lost 0.3 per cent, engineering 0.9 per cent, service & real estate 0.1 per cent and textile 0.4 per cent.
Of the gaining sectors, financial institutions advanced 1.6 per cent, fuel & power 0.9 per cent, pharmaceuticals & chemicals 0.2 per cent and telecommunication 0.6 per cent.
Investors' participation concentrated mostly on banking sector which grabbed 28 per cent of the market turnover, followed by pharmaceuticals & chemicals 12.7 per cent, engineering 10.8 per cent and textile 10.2 per cent.
Beximco topped the scrip-wise turnover chart with a value of Tk 418 million, followed by Delta Life Insurance Company Tk 191 million, LafargeHolcim Bangladesh Tk 162 million, Pharma Aids Tk 140 million, and Al-Arafa Islami Bank Tk 126 million.
Asia Pacific General Insurance Company was the number one gainer with a rise of 9.91 per cent to close at Tk 25.5 each.
Republic Insurance Company was the worst loser after declining 4.49 per cent to close at Tk 25.50 each.
CASPI, the benchmark index of Chittagong Stock Exchange (CSE), closed at 17,849 points with a rise of 2.57 points.
Of 230 issues traded, 94 advanced, 115 declined and 21 were unchanged.
At the end of the session, the turnover stood at above Tk 645 million on the port city bourse.
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