Stocks continued to close lower yesterday, as late profit booking selling pressure erased early gains.
The market opened higher but started to decline from mid-session as days wore out.
Risk-averse investors preferred to stay on the sidelines ahead of half-yearly monetary policy statement (MPS) to be announced Thursday next, analysts say.
The benchmark index DSEX was down 11 points or 0.3% to 4,663.
The Shariah index DSES inched about 4 points or 0.4% to 1,121.
The blue chip comprising index DS30 was down 7 points to 1,757.
The Chittagong Stock Exchange Selective Category Index CSCX shed 17 points to 8,663.
Trading activities declined sharply as the DSE turnover stood at more than Tk527 crore, down over 13% over the previous session.
IDLC Investments said facing resistance at 4,700-mark level during the first half of the session, the market passed another flat session, confronting selling pressure in the later part.
It said while some investors opted to book marginal gain accrued during the first week of the year, others preferred to wait for indication of MPS.
Lanka Bangla Securities said stocks moved higher at the start of trading following the flat red closing in the past two trading sessions.
However, it said buying interest waned in the middle of the session. Most of the major sectors are subsequently showing only modest moves although some strength were visible among financial stocks, it added.