The stock market price does not stop falling
Stock market prices continue to decline. Most of the company’s share price is losing price almost every day.
Record prices fell in the stock market on Sunday. Anger and frustration are increasing among investors due to loss of capital. Market intermediaries, brokerage houses, merchant bank companies are not at ease. Because they have lost business due to the continuous decline in stock trading. Asset management companies are not making profits, rather their assets are depreciating. Meanwhile, there is no visible action to stop the decline.
Brokerage houses said that after the fall of the Sheikh Hasina government, there was a huge rise in the market for the first four days. The decline that has started since then is unstoppable. No one can give any idea how long this situation will last.
Market participants say that due to the continuous decline in the stock market, some kind of frustration has been created among the investors. Because of this, the number of passive investors is increasing every day. Many are selling shares to cut losses, which is affecting the price drop.
Minhaj Mannan Emon, former director of DSE, told Us Time that there is no confidence in the market. The new commission has taken several decisions, which will yield good results in the long run. However, the bold decision that should be taken to overcome the distress of the market was not taken. Investment Corporation of Bangladesh is also unable to provide any support. As a result, this is the state of the market.
The chief executive of a leading brokerage house said that the market has become depressed among all categories of investors. As a result, no one is coming forward to invest. On the contrary, many are becoming inactive by accepting losses and selling shares. Investors are further frustrated by the lack of visible action from the government and regulatory agencies to stem the decline. After the political change, those who were interested in investing again, are no longer interested.
Market situation: The trading ended with a big fall in the indices of Dhaka Stock and Chittagong Stock Exchange on Sunday. Shares of most companies and units of mutual funds traded on both the stock exchanges fell on the day. Out of 400 companies traded on DSE, 87 percent or 346 shares fell. Apart from this, the share prices of 27 companies have increased and 27 companies have remained unchanged.
At the end of the day, the main index of DSE DSEX fell by 97.24 points to 5 thousand 160 points, DSE Sharia index fell by 18.56 points to 1 thousand 155 points and DS 30 index fell by 34.14 points to 1 thousand 896 points. A total of Tk 362 crore 42 lakh shares and units were traded on DSE, which was Tk 306 crore 89 lakh the previous day.
On the other hand, CSCX index decreased by 161.91 points to 8 thousand 850 points, overall index CASPI decreased by 271.43 points to 14 thousand 549 points, Sharia index decreased by 16.94 points to 943 points and CSE 30 index decreased by 179.25 points to 11 thousand 926 points. . Shares and units of 230 companies were traded on CSE. Among them, 26 prices increased, 181 decreased and 22 remained unchanged. At the end of the day, shares and units were traded at Tk 6 crore 33 lakh, which was Tk 4 crore 64 lakh the previous day.
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Credit: Dainikamadersomoy
