The market gained during the early hours of trading, but depicted a bumpy picture with a declining trend till the end of the session
Stocks closed the week by lingering on losses from the previous sessions because of poor participation by investors.
The prime index of the Dhaka Stock Exchange – DSEX – slid 13 points or 0.3 percent to close the day at 4,453 points.
The DSES, the Shariah-based index, slipped 2 points or 0.2 percent to stand at 1,027 points, while DS30, the blue-chip index, shed 5 points or 0.4 percent to settle at 1,514 points.
On the port city bourse, Caspi – the benchmark index – witnessed a loss of 37 points or 0.3 percent to close at 13,543 points.
The market gained during the early hours of trading, but depicted a bumpy picture with a declining trend till the end of the session.
Investors were worried about the negative effects on the stock market after the decision of the government to bring surplus money of 61 state and autonomous agencies to the national exchequer, according to the Daily Market Review of EBL Securities Ltd.
Large-cap issues like Grameenphone, Square Pharma, BRAC Bank and Renata faced heavy sell pressure on Thursday that led to the market fall, added the review.
Turnover, one of the key indicators of the market, stood at Tk376.6 crore on Thursday, down from Tk420.6 crore in the previous session.
Pharmaceutical stocks contributed the highest, 16 percent, to the total turnover value, followed by engineering stocks adding 15.5 percent, and textile stocks adding 13.7 percent.
Out of the 20 sectors, 11 ended negative yesterday, with Jute exhibiting the highest price correction of 1.5 percent.
Textile experienced the highest price appreciation of 1.3 percent.
Among the large-cap sectors, telecom lost 0.8 percent, banks lost 0.5 percent, and pharmaceuticals and financial stocks lost 0.2 percent price in the sector return board.
Lafarge Holcim Bangladesh Ltd continued to be the most traded stock with a turnover value of Tk20.7 crore, closing the day at Tk46.6 per share. The stock was followed by ADN Telecom Ltd with a turnover value of Tk15.2 crore, closing at Tk46.8 per share.
The Silco Pharmaceuticals Ltd topped the gainers' table, advancing 10 percent, closing at Tk25.3 per share, while C & A Textiles Ltd was the day's worst loser after shedding 5.6 percent and closing at Tk1.7 per share, said the DSE website.
Out of 355 issues traded, 143 advanced, 151 declined, and 61 remained unchanged on the DSE trading floor.