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Stocks extended the losing streak for three consecutive days on Wednesday, with declining turnover, as risk-averse investors preferred to bag profit on quick-gaining shares.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down more than 23 points to settle at 6,371.
DSEX shed 76 points in the past three trading days after gaining 368 points in the previous ten days.
Market insiders said cautious investors continued their profit-taking sell on stocks that saw a significant gain in the past few trading days, while some were busy rebalancing their portfolios.
DSES, which represents Shariah-based companies, also saw a fractional loss of 0.20 points to 1,391. However, DS30, which consists of blue-chip companies, managed to gain 0.82 points to 2,172.
The market turnover dropped below the Tk 15 billion mark after eight days, and the total turnover stood at Tk 11.73 billion, which was 29 per cent down from Tk 16.46 billion the day before.
Losers took a strong lead over the gainers, as out of 395 issues traded, 278 saw price erosion, 79 closed higher, and 38 remained unchanged on the DSE trading floor.
The newly listed Best Holdings became the most traded share, with shares worth Tk 1.21 billion changing hands, followed by Lavello Ice-Cream, Fortune Shoes, Fu-Wang Ceramics, and Orion Infusion.
Central Pharma was the day’s top gainer, posting a 10 per cent rise, while Monno Fabrics was the worst loser, losing 8.01 per cent.
The Chittagong Stock Exchange also ended lower with its All Shares Price Index (CASPI), losing 102 points to close at 18,398; and the CSE Selective Categories Index (CSCX) shed 63 points to close at 11,014.
Of the issues traded, 192 declined, 56 advanced, and 21 remained unchanged on the CSE.
The port city bourse traded 8.73 million shares and mutual fund units with a turnover value of Tk 442 million.