The single-day turnover on the Dhaka Stock Exchange (DSE) fell to this year's low on Thursday as investors were reluctant to put fresh funds into stocks.
Turnover, an important indicator of the market, dropped by 18 per cent to Tk 5.57 billion on Thursday from Tk 6.84 billion on the previous day.
It was the lowest single-day transaction in more than five months since November 9, 2016 when the turnover was Tk 5.55 billion.
Market insiders said ongoing pessimism kept investors mostly inactive, bringing the turnover to this year's low.
"Investors remained cautious and adopted 'wait-and-see' stance as no clear indication of forthcoming market outlook was apparent," said an analyst of a leading brokerage firm.
Along with low turnover, DSEX, the prime index of the Dhaka Stock Exchange (DSE), lost about 255 points in the past 11 trading sessions, after reaching highest level at 5777 points since its introduction in January 2013, except 3.29-point gain on Monday last.
After witnessing volatility in half of the four-hour trading session, the second half of the session fell sharply with no sign of reversal, finally closed more than 33 points lower.
DSEX finished at 5,521.66, losing 33.43 points or 0.60 per cent over the previous session.
IDLC Investments, a merchant bank, said, "The market losing streak continued amid the downtrend as the majority of issues lost value on sale pressure".
The merchant bank noted that the activities receded in the market as buyers remained cautious and watchful.
The two other indices also finished lower. The DS30 index, comprising the blue-chips, fell 4.73 points or 0.23 per cent to finish at 2,050.43.
The DSE Shariah Index (DSES) lost 7.47 points or 0.58 per cent to close at 1272.
"Stocks continued its bearish trend amidst profit booking sell offs from nervous investors," International Leasing Securities, a stockbroker, commented in its regular market analysis.
The stockbroker noted prolonged bearish vibe in the market kept the investors worried, which prompted them to go for selling offs to avoid further losses on their portfolio while some others adopted 'wait-and-see' stance.
"Selling of shares mostly from textile, bank and fuel and power sectors contributed to the fall in indices," said the stockbroker.
The large-cap sectors showed mixed performance. The financial institutions posted a significant gain of 2.77 per cent as the sector's heavyweight ICB gained 7.52 per cent alone.
It was followed by food and allied with 0.45 per cent and pharmaceuticals 0.10 per cent.
Banks posted the highest loss of 0.87 per cent as First Security Islami Bank was the day's worst loser, losing nearly 10 per cent. Engineering, fuel and power and telecommunication also lost 0.72 per cent, 0.67 per cent and 0.31 per cent respectively.
Most shares traded on the day tumbled. Out of the 324 issues traded, 196 closed lower, 83 closed higher and 45 remained unchanged on the DSE trading floor.
Shahjibazar Power Company topped the DSE turnover list for the second day in a row with about 1.63 million shares of Tk 248 million shares changing hands, followed by Regent Textile Mills, LankaBangla Finance, Islamic Finance and Saif Powertec.
Investment Corporation of Bangladesh (ICB) was the day's highest gainer, posting a 7.52 per cent rise while First Security Islami Bank was the worst loser, plunging by 9.92 per cent following its year-end corporate declaration.
The port city bourse, the Chittagong Stock Exchange (CSE), also ended lower with its Selective Categories Index - CSCX - losing 76.46 points to settle at 10,361.
Losers beat gainers as 156 issues closed lower, 56 closed higher and 29 remained unchanged on the CSE trading floor.
The port city bourse traded 17.68 million shares and mutual fund units worth Tk 537 million in turnover.