The Dhaka bourse posted another sharp loss in both broad index and turnover value as well on Wednesday following investors' intensified selling pressure.
On the day, the majority number of listed securities lost prices and DSEX, the core index of the prime bourse, settled at the lowest points since July 30, 2018.
The premier bourse also hit a 13-month low turnover as many investors refrained themselves from taking part in share trading.
"The risk-averse investors went for selling of shares from the beginning of the session and continued the same till closure," said a market review of International Leasing Securities.
The market opened the day's session positively but the upward trend failed to sustain after 40 minutes.
Later, the DSEX witnessed see-saw movement and finally closed the session with a loss of more than one per cent extending the losing streak for four sessions in a row.
At the end of the session, the core price barometer closed at 5261.60 points with a loss of 1.07 per cent or 57.14 points.
The shariah based index DSES declined 1.22 per cent or 15.12 points to close at 1217.86 points.
The DS30 index comprising blue chip securities lost 1.18 per cent or 22.61 points to close at 1877.92 points.
"The investors opted to liquidate their holding of shares from telecom, food, textile, pharmaceuticals, bank, fuel & power, engineering and cement sectors to escape further losses and this contributed to the fall in indices," said the International Leasing Securities.
Of total issues traded, 64 advanced, 231 declined and 53 were unchanged on the premier bourse.
At the end of the session, the turnover stood at above Tk 2.74 billion which was 25 per cent less than the turnover of the previous session.
The DSE featured a turnover of above Tk 2.75 billion on March 30, 2018.
"The turnover has dropped significantly as the investors refrained themselves from putting fresh fund into securities amid the ongoing bearish trend of the market."
Of the major sectors which declined, bank lost 0.9 per cent, engineering 0.7 per cent, fuel & power 0.8 per cent, pharmaceuticals & chemicals 1.4 per cent, telecommunication 1.3 per cent and textile 1.6 per cent.
Of the sectors which witnessed price appreciation, ceramic advanced 1.6 per cent, financial institutions 0.5 per cent, life insurance 0.3 per cent and travel & leisure 0.1 per cent.
Investors' participation was concentrated mostly on engineering sector which grabbed 15.70 per cent of the market turnover followed by pharmaceuticals & chemicals 13.10 per cent, textile 9.80 per cent, bank 9.6 per cent, and telecommunication 8.70 per cent.
Grameenphone topped the turnover chart with a value of Tk 175 million followed by Monno Ceramic Industries Tk 130 million, Fortune Shoes Tk 96 million, Reckitt Benckiser (Bd.) Tk 91 million and United Power Generation & Distribution Company Tk 90 million.
Buoyancy, however, was observed on financial institutions and ceramic sectors. Top gainer and loser lists were mostly dominated by 'Z' category and small cap stocks.
Rupali Life Insurance Company was the number one gainer with a rise of 9.96 per cent or Tk 8.0 to close at Tk 86.40 each.
On the other hand, Heidelberg Cement Bangladesh was on top of losers chart as its price declined 14.30 per cent or Tk 50.40 to close at Tk 294.40 each.
All indices also declined on the Chittagong Stock Exchange (CSE) on Wednesday.
At the end of the session, the benchmark index CASPI closed at 16148.67 points with a loss of 1.01 per cent or 165.21 points.
Of 230 issues traded, 55 advanced, 141 declined and 34 were unchanged and the turnover stood at above Tk 121.06 million on the port city bourse.
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