The Dhaka bourse closed lower on Wednesday with the turnover recovering to some extent from below Tk 5.0 billion-mark registered in the previous session.
On the day, the losers took control over the gainers but the broad index escaped a substantial fall as large cap companies such as Grameenphone played a supportive role.
Of 336 issues traded, 96 advanced, 183 declined and 57 were unchanged on the Dhaka Stock Exchange (DSE).
The market opened the session with a positive note and soon later the DSE broad index DSEX displayed ups and downs. Finally, the index settled at 5,380.78 points with a marginal loss of 0.35 per cent or 19.09 points.
"The downward shift in the index was mainly driven by significant negative changes in the large cap sectors, except food & allied and telecommunication," said LankaBangla Securities.
The shariah based index DSES declined 0.45 per cent or 5.74 points to close at 1,248.43 points. The DS30 index comprising blue chip securities lost 0.27 per cent or 5.29 points to close at 1,897.88 points.
The turnover stood at Tk 5.11 billion, which was 3.84 per cent higher than the turnover of the previous session.
The shares of 41 companies were traded on the block board on Wednesday, featuring a turnover of Tk 342.30 million.
According to EBL Securities, many investors opted to realise gains from their holdings and also adopted watchful stance. "Investors exerted selling pressure on stocks especially from pharmaceuticals & chemicals, banking and textile sectors."
Of the major sectors which witnessed correction, bank declined 0.3 per cent, pharmaceuticals & chemicals 0.8 per cent, engineering 0.5 per cent, financial institutions 0.4 per cent, tannery 0.3 per cent and textile 0.8 per cent.
Of the gaining sectors, food & allied advanced 0.8 per cent, general insurance 0.6 per cent, and telecommunication 0.3 per cent.
Investors' participation was concentrated on mostly fuel & power sector which captured 22.5 per cent of the market turnover, followed by textile 17.7 per cent, banking 12.3 per cent and engineering 10.4 per cent.
United Power Generation and Distribution Company topped the turnover chart with a value of Tk 428 million, followed by Khulna Power Company Tk 387 million, Dragon Sweater and Spinning Tk 245 million, Summit Power Tk 233 million and IFAD Autos Tk 120 million.
Bangladesh Finance and Investment was the number one gainer with a rise of 9.76 per cent or Tk 1.6 to close at Tk 18 each.
Above 4.30 million shares of Bangladesh Finance and Investment changed hands through 1,524 trades. The company's market capitalisation stood at above Tk 2.49 billion.
Fine Foods was the worst loser after declining 9.79 per cent or Tk 4.2 to close at Tk 38.70 each.
On the Chittagong Stock Exchange (CSE), the benchmark index CASPI also displayed volatility and finally closed the session with a marginal loss of 0.41 per cent or 68.71 points to close at 16,539.13 points.
The CSE30 index closed at 14,812.92 points with a loss of 0.38 per cent or 56.51 points.
The CSE50 index declined 0.23 per cent or 2.90 points to close at 1,217.98 points.
Of 232 issues traded, 61 advanced, 137 declined and 34 were unchanged.
At the end of the session, the turnover stood at above Tk 188.69 million on the port city bourse.
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