Dhaka stocks witnessed a slight fall on Monday, falling for the third consecutive session, as a section of investors continued selling shares after the recent surges in share prices, market operators said.
The key index of the Dhaka Stock Exchange, DSEX, decreased by 3.14 points, or 0.05 per cent, to close at 5,775.49 points, after losing 125.19 points in the previous session.
The turnover on the DSE increased on the day, as investors increased their activity across the trading board.
The DSE posted Tk聽807.15 crore as its turnover on the day, compared with that of Tk聽480.89 crore in the previous session.
Market operators said that the market was reflecting the ongoing economic crisis in the country.
Stockbrokers also said that the investors鈥� optimism regarding the stock market due to the recent political change was fading as media reports on corruptions were revealing the real picture of the country鈥檚 economic situation.
They also mentioned the circuit breaker limit, imposed by the Bangladesh Securities and Exchange Commission, as a big problem for the market.
The BSEC on April 24 restricted share price fall at maximum 3 per cent for all companies.
Of the 396 issues traded on Monday, 119 advanced, 247 declined and 30 remained unchanged.
The DSE Shariah index increased on the day, by 5.96 points, or 0.48 per cent, to close at 1,246.15 points on the day.
The DS30 index lost 5.47 points, or 0.25 per cent, to finish at 2,121.13 points.
On the sectoral front, bank issues exerted the highest turnover, followed by the pharmaceutical and telecommunication shares.
EBL Securities in its daily commentary said, 鈥業nvestors remained watchful of the market鈥檚 trend and preferred to trim their holdings in particular trendy scrips due to the current volatility, causing the broad index to close in negative territory.鈥�
Grameenphone topped the turnover chart on the day with its shares worth Tk聽81.14 crore changing hands.
BRAC Bank, Olympic Industries, Orion Pharma, JMI Hospital Requisite Manufacturing, Sea Pearl Beach Resort & Spa, Square Pharmaceuticals, Robi Axiata, IFIC Bank and Islami Bank Bangladesh were the other turnover leaders.