Stocks dropped for the second consecutive session amid lackluster trade yesterday as profit booking continued.
The market moved between positive and negative throughout the session as investors booked profits mostly on telecommunications, cement and power stocks.
The benchmark index DSEX was down 11 points or 0.3% to 4,658.
The Shariah index DSES shed 5 points to 1,117. The blue chip comprising index DS30 edged 5 points down to settle at 1,751.
The Chittagong Stock Exchange Selective Category Index CSCX shed 20 points to 8,654.
Trading activities tumbled as the DSE turnover stood at Tk418 crore, sharply down more than 37% over the previous session.
Textile sector remained the turnover leader for the second straight day, accounting for over 20% of the total trade value.
Despite being turnover leader, textile sector suffered the highest selling pressure, falling 1%.
Telecommunication sector declined almost 1%, as the price correction continued in the sector.
Moderate profit booking also took place on low cap food and allied, non-banking financial institutions, engineering and pharmaceuticals sectors. However, heavyweight banking sector edged higher.
After a day of pause, newly listed ITC stock soared over 2% to Tk72 a share as investors continued to ignore its negative earnings.
IDLC Investments said the last session of the week ended in negative zone with crumbling market participation.
It said indecisive investment sentiment triggered by vapid economic and capital market cues drilled investors into short-term profit booking.