Stocks were back in red amid bumpy ride after one-day rebound, as investors went for booking profit again.
After opening on positive note, the market moved between gains and losses throughout the session before closing in red.
The Dhaka Stock Exchange benchmark index, DSEX, moved down over 29 points or almost 0.6% to stand at 5,285.
The other two indices – DSES and DS30 – were also slightly down by 0.6% and 0.3% to close at 1,242 and 1,997 respectively.
The Chittagong Stock Exchange Selective Category Index, CSCX, lost 48 points to 9,911.
Trading activities slowed down as the DSE turnover came down to Tk900 crore mark after a week. It stood at Tk815 crore, a sharp fall of more than 16% over the previous session.
The market breadth also remained negative, as out of 303 issues traded, 88 advanced, 187 declined and 28 remained unchanged.
Profit taking took place mostly on insurers, engineering and pharmaceuticals sectors. Among the major sectors, investors remained most active in fuel and power that rallied 1.4%.
IDLC Investments said the market emerged red as clienteles remained more cautious amid the increased level of volatility.
It said the shakiness reined in the later part of the session, beating down market sentiment. “Besides, scrip-wise movements were present with 55 scrips changing more than 3% of their respective price.”
Lanka Bangla Securities said the benchmark index fell to their lowest intraday levels in last five days before bouncing back to the upside.
It said last hour buying appetite reflected a number of positive catalyst, including whopping consumer confidence in the first half of 2014.
Zenith Investments said market slowed down its stance from the early trade hour, however, few stocks from different sectors rallied and tried to lift the market at the last moment.
The state-owned power distribution company DESCO topped the liquidity chart accumulating a total turnover of Tk40 crore.
It was followed by Titas Gas, Square Pharmaceuticals, Mobil Jamuna Limited Bangladesh, Bangladesh Building System, Grameenphone and Delta Life Insurance.