Share price, on the Dhaka Stock Exchange (DSE) fell yesterday as small investor went on a selling spree to cash in on the gains of last two sessions.
The market opened with an upbeat mood and the key DSE General Index (DGEN) jumped 128 points in the first six minutes. But subsequent steep fall ate up the early gains of the session.
The DGEN index declined 216 points, or 3.38 percent, to close at 6,173 points at the end of the session.
The market went up in pervious two sessions following a government announcement of extending fund support to stabilise the market.
But the market plunged yesterday as institutional investors were less active while the fund support was also inadequate, said Salahuddin Ahmed Khan, a former chief executive officer of the DSE. He suggested that the market get continuous fund support.
All the sectors reflected the market trend of the day but non-banking financial institutions which gained 0.86 per cent on the hope of dividend declaration.
Among the major sectors, bank, telecom, pharmaceuticals and fuel and power lost 4.29 per cent, 4.42 per cent, 3.46 per cent and 4.75 per cent respectively.
The broader DSE All Share Price Index (DSI) shed 176 points, or 3.32 per cent, to finish at 5,120 while the DSE-20 index of blue-chip shares dropped 227 points, or 5.25 per cent, to 4,094.
Day's turnover amounted, however increased by 66.7 per cent to Tk 9.7 billion compared to previous session's turnover.
A total of 252 issues traded on the day of which 224 declined and the rest 28 advanced.
National Bank topped the turnover leaders of the day with shares valued Tk 684.20 million changing hands.
The other turnover leaders were Peoples Leasing and Finance Services, Beximco, Bay Leasing, Union Capital, Southeast Bank, International Leasing and Finance Service, Grameenphone, Prime Finance and United Commercial Bank.
Prime Finance was the top gainer of the day followed by First Lease Finance and Investment Ltd, ACI, Union Capital, IDLC, United Commercial Bank, Eastern Lubricant, United Leasing and Bay Leasing.
The worst losers were Southeast Bank, City General Insurance, RAK Ceramics, Keya Detergent, Meghna Petroleum, Malek Spinning, Prime Bank, National Bank, All text and Rahima Foods.
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