The Dhaka bourse closed marginally lower on Monday and extended the losing streak for the second consecutive session amid mixed performance of the major sectors.
The market opened the session with a negative note and continued the declining trend till mid session on the Dhaka Stock Exchange (DSE).
Later, a recovery stance was observed and the DSE broad index DSEX recovered the loss within half an hour following the buoyancy observed in insurance, fuel & power and engineering sectors.
Afterwards, the DSEX witnessed see-saw movement and finally closed the session with a marginal loss.
The mutual funds, which witnessed the highest price appreciation on Sunday, posted the highest correction on Monday.
On the day, top 10 losers were from the mutual fund sector.
At the end of the session, the DSEX closed at 5318.61 points with a loss of 0.27 per cent or 14.47 points.
The shariah based index DSES declined 0.42 per cent or 5.22 points to close at 1216.23 points.
The DS30 index comprising blue chip securities went down by 0.22 per cent or 4.22 points to close at 1886.16 points.
According to a market review of International Leasing Securities, the broad index ended in red amid choppy trading as the shaky investors continued trading with cautious stance.
"The trading session observed volatility throughout the day as both the bargain hunters and risk-averse investors were active on the trading floor," said the International Leasing Securities.
Of total issues traded, 116 advanced, 198 declined and 39 were unchanged on the premier bourse DSE.
The turnover stood at above Tk 4.26 billion which was 2.23 per cent higher than the turnover of the previous session.
Of total turnover, Tk 110 million came from transactions executed in block board.
"The panicked investors liquidated their holdings from most of the large cap sectors, especially from telecommunication, textile, bank and financial institutions sector stocks," said the International Leasing Securities.
Of the major sectors which declined, mutual funds lost 4.50 per cent, bank 0.1 per cent, financial institutions 0.6 per cent, telecommunication 1.9 per cent, and textile 0.8 per cent.
Of the gaining sectors, engineering advanced 0.2 per cent, fuel & power 0.1 per cent and general insurance 2.5 per cent.
Investors' participation was mostly concentrated on power sector which captured 12.9 per cent of the market turnover followed by engineering 11.60 per cent, pharmaceuticals & chemicals 11.20 per cent and textile 10.90 per cent.
National Life Insurance Company topped the turnover chart with a value of Tk 206.70 million and grabbed 4.90 per cent of the market turnover.
The other top turnover leaders were Asian Tiger Sandhani Life Growth Fund, Runner Auto Mobiles, Rupali Life Insurance Company, and JMI Syringes & Medical Devices.
Pragati Life Insurance was the number one gainer with a rise of 12.95 per cent or Tk 17.20 to close at Tk 150.70 each.
ICB Employees Provident MF 1 was the worst loser after declining 8.45 per cent or Tk 0.60 to close at Tk 6.40 each.
Of the large cap companies, Grameenphone declined 1.76 per cent or Tk 6.20 to close at Tk 345.20 each.
All indices of the Chittagong Stock Exchange (CSE) witnessed moderate corrections on Monday.
The benchmark index CASPI declined 0.26 per cent or 42.48 points to close at 16290.53 points.
Of 263 issues traded, only 75 advanced, 156 declined and 32 were unchanged and the turnover stood at above Tk 145.63 million on the CSE.
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