The stock market ended lower on Sunday as jittery investors remained shaky for making fresh investments in stocks amid lack of clear direction.
The market witnessed see-saw movement several times before closing lower as investors remained cautious amid the ongoing Russia-Ukraine conflict.
DSEX, the key index of Dhaka Stock Exchange, went down by 11.32 points or 0.16 per cent to settle at 6,741, after gaining 2.47 points in the previous day.
The DSE 30 Index, comprising blue chips, also fell 3.83 points to finish at 2,462. However, the DSE Shariah Index (DSES) advanced 1.26 points to close at 1,458.
Market analysts said the investors were shaky about making fresh investments in stocks amid the rising cost of living and potential adverse impacts on the country's economy due to the ongoing Russia-Ukraine war.
"Global price instabilities due to the ongoing Russia-Ukraine conflict remained a major concern over the future macroeconomic scenario of Bangladesh," said a leading broker.
"The jittery investors are following the 'wait-and-see' approach as the global economic pressure due to the Russia-Ukraine conflict may lead to inflationary pressure in the local economy," said International Leasing Securities.
Turnover, the crucial indicator of the market, stood at Tk 8.58 billion, which was 3.50 per cent higher than the previous day's tally of Tk 8.29 billion.
"Trading activity increased due to sell dominance, as a result, market participation was higher than the last session," according to EBL Securities.
Five large-cap companies such as Beximco, Investment Corporation of Bangladesh, LafargeHolcim, Renata and Beximco Pharma, jointly contributed 28 points fall to DSEX, according to amarstock.com, a market data analyst.
Major sectors faced corrections with the financial institutions losing most of 0.90 per cent, followed by telecom with 0.70 per cent, power 0.30 per cent and banking 0.10 per cent.
Paper & printing, jute, tannery and engineering sectors gained 2.10 per cent, 1.90 per cent, 1.30 per cent and 0.40 per cent respectively.
The Chittagong Stock Exchange (CSE) also slipped into the red with the CSE All Share Price Index - CASPI -losing 53 points to settle at 19,771 and the Selective Categories Index - CSCX - shedding 32 points to close at 11,861.
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