For stock investors in Bangladesh, the just-concluded fiscal year was the worst in four years, with the benchmark index of Dhaka Stock Exchange losing over 1,000 points.
Analysts say the regulator’s intervention is denting investors’ confidence and it comes at a time when they are still smarting from the wounds caused by the 18-month-long floor price, a period when most of the stocks were untradeable.
DSE dropped 1.52 percent yesterday, the first trading session since floor price restrictions were lifted
DSEX, the prime index of the Dhaka Stock Exchange (DSE), fell 1.18 per cent to 6,495.7 points as of 1.20 pm today.
The country’s premier bourse posts its highest single-day point rise in the history of its new premier index, led by gains across almost all the sectors as investors were fueled by the government’s policy support.
The Dhaka stocks continue to bleed to its three years’ low due to the thin participation of institutional investors.
Stocks rallied the best in six-and-a-half months yesterday after sinking for more than three weeks. The bounce back was due to the central bank and the capital market regulator teaming up to prop up the flagging market.
The Dhaka stocks rises nearly 42 points as investors snapped up banks’ shares that were hit hard during the last few days.
Dhaka stocks broke a five-day losing streak yesterday with a 1.35 percent gain as institutional investors went on a buying spree.
Dhaka Stock Exchange witnesses a record fall since April 26, 2015, putting thousands of investors’ money on a free fall.
In the last six sessions, Dhaka Stock Exchange (DSEX) lost 163 points.
