Stocks fell marginally yesterday, breaking their four-day rally, as late profit booking cut early gains.
The market opened on upbeat mood but profit taking selling pressure mainly on non-banking financial institutions and telecommunications has offset the early gains.
The Dhaka Stock Exchange benchmark index, DSEX, witnessed fractional losses of 0.9 points to 4,641.
The Shariah index, DSES, was marginally down 8 points or 0.8% to 1,080. The comprising blue chips DS30 shed 10 points to 1,748.
Chittagong Stock Exchange (CSE) Selective Categories Index, CSCX, shed 12 points to 8,737.
Trading activities, however, declined further as turnover at DSE stood at Tk520 crore, which was almost 14% over the previous session.
Textile, pharmaceuticals, engineering and energy scrips made up over 52% of the total DSE turnover.
Rally in the market bellwether banks that gained almost 2% offset losses of other large cap sectors.
Non-banking financial institutions lost the highest 1.4%, followed by telecommunication that shed 1.3%.
Pharmaceuticals, power, food and allied, tannery, IT and engineering also performed negative.
BRAC-EPL said after last four sessions of gaining streak, the market witnessed marginal correction amid volatility throughout the sessions.
Lanka Bangla Securities said market ended flat as investors went for some profit booking. It said intraday volatility in the index has been observed.
IDLC Investments said carving out last few weeks’ enthusiastic tone, opening session of the week absorbed flat-end.
The consecutive re-assessment of market level valuation encouraged few investors to book profit in some blue chip stocks, it said.
Zenith Investments said market failed to sustain its last week’s strength and gave in to the pressure of profit taking.
The center of attraction was mainly the financial institutions along with textile sector which reported high sector-wise gains compared to other sectors, it said.
Beximco Ltd was the most traded stocks with shares worth nearly Tk17 crore changing hands, followed by BSRM Steel, Mobil Jamuna Limited Bangladesh, Saiham Textile, Grameenphone, Lafarge Surma Cement Ltd Bangladesh, and ACI Ltd.