The Dhaka bourse Thursday witnessed moderate correction after adding 128 points in the last three sessions amidst short-term 'profit booking' frenzy.
Most of the major sectors declined, contributing to losses in the broad index and turnover value on the Dhaka Stock Exchange (DSE).
At the end of the session, the DSE broad index DSEX shed 0.57 per cent or 33 points to close at 5,749.65 points.
The shariah based index DSES declined 0.80 per cent or 10.63 points, while the blue chip index DS30 went down by 0.81 per cent or 17.19 points to close at 2,103.57 points.
Of the 330 issues traded, 92 advanced, 193 declined and 45 were unchanged on the premier bourse.
According to a market review of International Leasing Securities, the market started with a bearish tone and continued its downward trend throughout the session.
The turnover stood above Tk 10.05 billion which was 14 per cent less than the turnover of the previous session.
"Several issues from food and general insurance sectors enjoyed buoyancy but selling of shares from large cap sectors mostly in telecom, cement, bank and textile sectors contributed to the fall in indices," said the International Leasing Securities.
It also said the telecom sector was the top loser on the day, in an instant reaction to claiming charge on the telecom operators by the National Board of Revenue relating to issuance and replacement of SIMs to customers.
 Among the major sectors, which witnessed correction, bank declined 0.70 per cent, engineering 0.4 per cent, financial institutions 0.2 per cent, mutual fund 0.4 per cent, services & real estate 0.9 per cent, tannery 0.7 per cent, telecommunication 4.20 per cent, textile 0.7 per cent and travel & leisure 0.6 per cent.
Investors' activities were concentrated mostly on textile sector which captured 16.40 per cent of market turnover, followed by pharmaceuticals & chemicals 15.20 per cent, fuel & power 12.10 per cent, bank 11.10 per cent and financial institutions 9.70 per cent.
Keya Cosmetics topped the turnover chart with a value of Tk 455 million, followed by Grameenphone Tk 357 million, ACME Laboratories Tk 333 million, Baraka Power Tk 303 million and Fu-Wang Food Tk 281 million.
Fu-Wang Food also topped the gainers chart with a rise of 9.37 per cent to close at Tk 21, while Standard Insurance was the worst loser after declining 7.30 per cent to close at Tk 20.30.
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Source: The Financial Express