Dhaka stocks fell for the fourth consecutive session on Tuesday, as a section of investors continued selling shares to prevent further erosion in their portfolios, market operators said.
The key index of the Dhaka Stock Exchange, DSEX, decreased by 60.13 points, or 1.04 per cent, to close at 5,715.35 points, after losing 3.14 points in the previous session.
The key index on Tuesday started the session with a jump, but fell immediately and continued the negative trend until the end of the session, ultimately finishing in the red zone.
The total turnover of the DSE decreased on the day, as investors reduced their activity across the trading board.
The DSE posted Tk 518.61 crore as its total turnover on the day, compared with that of Tk 807.15 crore in the previous session.
Stockbrokers said that the investors鈥� confidence, which grew after the recent political change, was now fading as media reports exposed corruptions and revealed the real state of the economy.
Investors are worried about the country鈥檚 economic situation, especially about the banking sector, they said.
Of the 397 issues traded on Tuesday, 64 advanced, 301 declined and 32 remained unchanged.
The DSE Shariah index increased on the day, by 16.45 points, or 1.32 per cent, to close at 1,229.69 points on the day.
The DS30 index lost 27.86 points, or 1.31 per cent, to finish at 2,093.26 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, 鈥楽ellers remained predominant across the trading floor, causing the majority of scrips to extend their correction mode.鈥�
Grameenphone topped the turnover chart on the day with its shares worth Tk 53.40 crore changing hands.
BRAC Bank, JMI Hospital Requisite Manufacturing, British American Tobacco Bangladesh Company, Square Pharmaceuticals, City Bank, Renata, Robi Axiata, Sea Pearl Beach Resort and Spa, and Associated Oxygen were the other turnover leaders.
