The country’s stock market has been in continuous decline for more than a month. There is no stopping the decline in the stock market. The shock of the fall has created a panic among investors who have lost most of their capital. No one in the market is able to give any reason for the fall in the top of the market. The investors of the stock market lost capital due to such a continuous decline in the index and are now disoriented.
Many lost more than 25 percent to 30 percent of their capital. And the majority of those who bought shares on margin loans are now almost destitute. For the past few days, their portfolio shares were under force sale – this is what the investors of various houses said.
Stay with us for important news on economy and stock market: Facebook – Twitter – LinkedIn – Instagram – YouTube
They said that the price drop has been prolonged again in the stock market. 85 percent of listed stocks have lost their value in the last one month. Investors have continuously lost capital in this. Many have lost 25 to 30 percent capital in just one month. Those who bought shares on margin loans, are in dire straits.
Data analysis of DSE showed that the main index of the main stock market Dhaka Stock Exchange (DSE) was 6 thousand 447 points last February 11. After a month has passed, today on March 14 (Thursday) the main index of DSE has decreased to 5 thousand 968 points. During this period the index decreased by 479 points.
Also read: Employees of state-autonomous institutions will not get pension
After the floor price was lifted from the listed company’s share price on January 18, rates and indices were bullish for the first few days. However, the price decline that started on February 12, is still continuing. After July 2022, there was no such continuous price decline. The index has fallen on 18 of the last 21 working days. The index decreased by 539 points. In between, only 66 points increased in three days. Yesterday on Wednesday, the main stock market DSE’s main price index DSEX fell to 5974 points. This position of the index is the lowest since May 25, 2021.
Investors are complaining that the regulator’s decision on Z category shares hit the market just as the market was recovering from the pressure to withdraw the floor price. Added to this was the withdrawal of floors by multinational mega companies Grameenphone and British American Tobacco. This week added to the BSEC and DSE tussle and rivalry among big investors. However, the officials of the concerned institutions said that the issue of dispute between BSEC and DSE is a rumor and baseless.
Read more: The banking sector is becoming aggressive in collecting deposits!
They say that the leaders of bank umbrella organizations like Merchant Bank, Brokerage House Association, Dealer Association, who stood up for the withdrawal of the floor price, shouted that they would support the market, now they don’t care. They have all gone into hibernation now. The cries of investors are not ringing in their ears.
Market people say that there is an organization called regulatory agency in the country to take care of the stock market. The executives of that organization are now silent. They are also silently observing the plight of investors. Investors and market stakeholders claim that their immediate initiative will reduce the plight of investors.
Talking to the officials of several securities houses, it is known that many of the first tier banks are now giving interest above 10 percent. If the amount is more, the interest is up to 12 percent. There are many examples of money exiting the stock market after making a big profit on a safe investment. However, this broker believes that many people’s investment is stuck due to a continuous fall in prices for one month. They say, when the market is in recession, many lose the ability to make new investments. This accelerated the decline in buying demand.
Yesterday Thursday (March 14) the main index of DSE DSEX decreased by 6.06 points to 5 thousand 968 points. Among the other two indices, the DSE Shariah index fell by 1.02 points to 1,299 points and the DSE-30 index fell by 4.98 points to 2,51 points.
Shares and units worth Tk 514 crore 63 lakh were traded in DSE on Thursday. 483 crore 30 lakh rupees were traded on the previous working day. 394 companies and units traded in DSE on that day. Among them, 165 prices have increased, 171 have decreased and 58 have remained unchanged.
Another stock market Chittagong Stock Exchange (CSE) traded shares and units worth Tk 13 crore 93 lakh 94 thousand today. Shares and units worth Tk 11 crore 72 lakh 50 thousand were traded on the previous day.
212 firms participated in the transaction on CSE on Thursday. Among them, the price increased for 85, decreased for 89 and remained unchanged for 38 companies.
Shares and units of 217 companies were traded in CSE on the previous day. Of which the price increased for 60, decreased for 131 and remained unchanged for 26 companies.
