Stocks closed lower marginally amid dull trading yesterday as late profit booking sell-off cut early gains.
The market opened positive in the morning but continued to slip as the day wore out.
The benchmark index DSEX lost 12 points or 0.3% to close at 4,467, after dropping 4 points in previous session.
The Shariah index DSES was marginally down over 1 point to 1,085. The blue chip comprising index DS30 shed 9 points to 1,712.
The Chittagong Stock Exchange Selective Category Index CSCX ended at 8,377 with a fall of 19 points.
Trading activities declined further as the DSE total turnover stood at Tk340 crore, down more than 8% over previous session’s value. Pharmaceuticals continued to dominated the turnover, accounting for 17.4% of the day’s total trade value.
All the large cap sectors posted suffered losses except engineering, insurance and pharmaceuticals, which edged higher.
After slight rise in previous session, heavyweight telecommunication sector was the worst loser, led by Grameenphone that was 1% down.
Other sectors, including power, non-banking financial institutions, banks and food & allied ended in the negative territory.
Lanka Bangla Securities said: “Following the volatility seen in the previous session, stocks have trimmed some gains of previous week.”
Few stocks managed to move up as investors are focusing on bottom-up approach, it said adding that Bangladesh Bank money hacking scam and losses in forex reserve to local currency appreciation made stock market more edgy.
Shares of 388 companies were traded on the day. Of these, 143 companies closed positive, 119 negative while 46 remained unchanged.
Aman Feed continued to become top market leader for the third straight sessions with shares worth Tk20 crore changing hands.
It was followed by Keya Cosmetics, Bangladesh Submarine Cable Company Limited, Orion Pharma, Summit Purbanchol Power Company Limited and Beximco Pharmaceuticals.