DHAKA, June 16 (BSS) - Stocks today retreated after three consecutive sessions of gains, as investors opted to book profits in recently rallied stocks, while selective bargain hunting failed to offset overall selling pressure.

The DSEX, the broad index of the Dhaka Stock Exchange (DSE), shed 35.2 points to settle at 5,606 points, compared to 5,641 points in the previous trading session. 

Market activity remained volatile throughout the day, with investors active on both sides of the trading floor. 

However, corrections in large-cap stocks weighed on the index, ultimately pushing the market into negative territory.

Market turnover declined by 17.9 percent to Taka 11.9 billion from Taka 14.6 billion in the previous session, reflecting reduced trading momentum following the recent post-budget rally.

On the sectoral front, the textile sector accounted for the highest share of turnover at 19.4 percent, followed by banking at 12.4 percent and general insurance at 11.7 percent.

Most sectors ended in negative territory. The miscellaneous sector declined by 4.1 percent, banking by 1.5 percent, and paper by 1.4 percent. In contrast, services rose by 1.6 percent, textile gained 1.4 percent, and mutual funds edged up by 0.1 percent.

Out of 396 issues traded, 105 advanced, 233 declined, and 58 remained unchanged.

The port city bourse also closed lower. The Selective Categories' Index (CSCX) fell by 83.8 points, while the All Share Price Index (CASPI) dropped by 123.8 points.