Country's both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), closed today extending downbeat due to investors' profit booking rush.
DSE remained in red as the shaky investors maintained their sell-off for the fifth consecutive sessions on major sectors amid ongoing earnings and dividend declaration sessions.
Following the last few sessions' fall, the market started with negative tune which continued till the closure although the day's turnover surpassed Taka 11.12 billion mark.
The broad index, DSEX settled at 4838.52 points on Wednesday with a loss of 29.44 points or 0.60 percent.
Besides two selective indices, Blue Chip index, DSE30 and Shariah index, DSES also declined by 9.91 points and 8.77 points to settle at 1665.49 points and 1094.27 points respectively.
On the DSE trading floor, a total number of 207,968 million trades were executed in today's trading session with a trading volume of 449.22 million securities.
The turnover, a crucial indicator of the market, increased by 11 percent over the last session as the investors are reshuffling their portfolios to general insurance sector and also put fresh funds in the sector.
DSE's turnover stood at Taka 11.12 billion from Taka 10.00 billion in the previous session.
Losers took lead over gainers as out of 356 issues traded, 110 securities gained price while 187 declined and 96 remained unchanged.
The market-cap of DSE decreased to Taka 3,889 billion from Taka 3,914 billion of the previous session.
The general insurance sector captured around 45 percent of the day's total turnover followed by mutual fund 11 percent, according to a market analyst, International Leasing Securities Limited (ILSL).
It said among the major sectors – engineering (-3.2%), financial institution (-2.7%), and pharma (- 1.2%) sectors witnessed price correction while mutual fund (7.7%), general insurance (2.9%) and bank (0.8%) sectors achieved price appreciation.
The investors' activity was mostly centered on general insurance (44.9%), mutual fund (10.7%) and pharma (7.1%) sectors while Sandhan Insurance (2.6%), Rupali Insurance (2.5%) and Eastland Insurance (2.5%) led the scrip wise turnover board, added ILSL.
Sandhani Life Insurance topped the turnover chart followed by Rupali Insurance, Eastland Insurance, Continental Insurance, Beximco Pharma, Peoples Insurance, Express Insurance, City General Insurance, Northern Islami Insurance and Pioneer Insurance.
The top 10 gainers were EBL First Mutual Fund, IFIC First Mutual Fund, Pragati Insurance, Global Insurance, Trust Bank First Mutual Fund, Associated Oxygen, AB Bank First Mutual Fund, PHP First Mutual Fund and AIBL First Islami Mutual Fund.
The top ten losers were Renwick Jajneswar, Generation Next, Zahintex, Fine Foods, Shyampur Sugar, Mithun Knitting, Apolo Ishpat, Shinepukur Ceramic, Tallu Spinning and Tung Hi Knitting.
On the other hand, port city bourse, Chittagong Stock Exchange (CSE) also closed in red, maintaining the bearish streak of previous sessions.
Selective categories index, CSCX and all shares price index, CASPI decreased by 58.86 points and 104.45 points to stand at 8304.83 points and 13796.13 points respectively.
At CSE, a total of 14,556,718 share and mutual funds of 271 companies were traded, of which 80 issues advanced while 143 declined and 48 issues remained unchanged.