Broad index of Dhaka bourse on Sunday declined moderately extending losing streak for third consecutive session as large-cap companies saw price correction amid investors' lower participation.
Market operators said trading activities remained sluggish as most of the investors are on the sidelines amidst the ongoing bearish vibe to avoid further correction.
Grameenphone declined 1.73 per cent, Beximco 0.13 per cent, Square Pharmaceuticals 0.55 per cent, Renata 0.74 per cent, MJL Bangladesh 1.71 per cent, and United Power Generation & Distribution Company 0.99 per cent.
Dhaka Stock Exchange (DSE) opened the week's first session positively and soon later the DSE broad index DSEX lost some points and exhibited ups and downs for an hour.
Afterwards, the core index lost more points and no strong recovery stance was observed until closure.
Finally, the DSEX settled at 6638.64 with a loss of 0.86 per cent or 57.88 points.
Shariah based index DSES declined 0.76 per cent or 10.96 points to close at 1431.02.
DS30 index comprising blue chip securities went down 0.97 per cent or 24.0 points to close at 2438.94.
According to EBL Securities, the market observed intense volatility as investors' confidence on the trading floor is yet to recover amid a fear of prolonged Ukraine-Russia war.
"Stocks on Dhaka bourse plummeted as investors continued sell-offs in major sectors which pushed down equity indices," said the EBL Securities.
Of 379 issues traded on Sunday, 98 advanced, 247 declined and 34 were unchanged on the premier bourse.
Of the major sectors, general and life insurers witnessed the highest price correction of 2.1 per cent each.
Dhaka bourse on Sunday posted a turnover of Tk 6.51 billion which was 1.10 per cent higher than the turnover of the previous session.
Of total turnover, Tk 132 million came from transactions executed in block board.
Of major sectors which witnessed price correction, banking sector declined 0.4 per cent, engineering 1.0 per cent, financial institutions 1.0 per cent, fuel & power 0.9 per cent, general insurance 2.1 per cent, life insurance 2.1 per cent, miscellaneous 0.8 per cent, pharmaceuticals & chemicals 0.6 per cent, telecommunication 1.4 per cent and textile 0.6 per cent.
Investors' participation was concentrated mostly on miscellaneous sector which grabbed 15.5 per cent of the market turnover followed by pharmaceuticals & chemicals 14.1 per cent, textile 11.9 per cent, tannery 11.2 per cent, and engineering 8.4 per cent.
Beximco topped the scrip wise turnover chart with a value of Tk 708 million followed by Fortune Shoes Tk 679 million, British American Tobacco Bangladesh Company Tk 218 million, Bangladesh Shipping Corporation Tk 212 million and Sonali Paper & Board Mills Tk 211 million.
Prime Finance First Mutual Fund was the number one gainer with a rise of 9.88 per cent or Tk 1.60 to close at Tk 17.80 each.
Shurwid Industries was the worst loser after declining 7.11 per cent or Tk 1.50 to close at Tk 19.60 each.
CASPI, benchmark index of Chittagong Stock Exchange (CSE), on Sunday declined 0.65 per cent or 127.54 points to close at 19444.48.
Of 274 issues traded, 85 advanced, 158 declined and 31 were unchanged and the port-city bourse posted a turnover of Tk 178.13 million on Sunday.
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