The stock market on Wednesday recorded its first negative close this week as investors gradually take profit in major gainers.
The market moved into the negative territory as investors sold mostly banking, consumer goods and industrial stocks despite bargain hunting in insurance and oil & gas stocks.
At the close of trading, the stock market decreased by 0.13 percent, moderating the year’s return to 41.72 percent, while this month’s return dropped to 4.29 percent.