Dhaka stocks fell on Monday, after advancing for five sessions, as large capitalised scrips showed poor performance and a section of investors went for selling shares to book some profits, market operators said.
DSEX, the key index of the Dhaka Stock Exchange, decreased by 26.95 points, or 0.51 per cent, to close at 5,220.18 points on the day after gaining 3.00 points in the previous trading session.
In the previous five sessions, the key index gained a total of 177.12 points.
The key index started falling from the start of Monday鈥檚 session and continued the negative vibe for the following few hours, although it showed positive momentum in the last hour, but ultimately ended in the negative trajectory, market operators said.
The total turnover of the Dhaka bourse decreased to Tk聽479.86 crore on Monday compared with that of Tk 486.74 crore in the previous session.
In the past 18 weeks, the DSE moved forward in only four weeks.
The bourse showed promise for a positive turnaround after the Eid-ul-Azha holidays ended, with the buying dominance for the previous three sessions, but cautious investors chose to book profits as there was no significant improvement sign on the market, market operators said.
Of the 395 issues traded on Monday, 92 advanced, 255 declined and 48 remained unchanged.
The DSE Shariah index decreased by 3.80 points, or 0.33 per cent, to close at 1,142.84 points on the day.
The DS30 index lost 9.51 points, or 0.50 per cent, to finish at 1,867.99 points.
On the sectoral front, food issues exerted the highest turnover, followed by the pharmaceutical and bank shares.
EBL Securities in its daily commentary said, 鈥楻isk-averse investors extended their selling mode since overall market sentiment remains subdued amidst an uncertain market outlook. However, some late-session buying behavior on sector-specific scrips provided a slight recovery to the initial plunge.鈥�
Linde Bangladesh topped the turnover chart on the day with its shares worth Tk 23.16 crore changing hands.
Sea Pearl Beach Resort & Spa, Capitec Grameen Bank Growth Fund, British American Tobacco Bangladesh, Rupali Life Insurance, Beach Hatchery, Asiatic Laboratories, Unilever Consumer Care, Taufika Foods and Lovello Ice-cream, and Square Pharmaceuticals were the other turnover leaders.
