Staff Reporter :
Investors fear the continuous decline of the index.
Out of the last eight working days, the index has fallen on all but one of the remaining seven days. At the same time, there is no shortage of transactions.
Market insider says that it is normal for indices to rise and fall in the capital market.
But investors are panicking when trading slows with the index falling continuously. This causes the fall to be longer.
Investors say that on Wednesday the money invested is decreasing day by day due to the continuous fall in indices.
As a result, if the index falls further or not, he has to withdraw from new investments including selling shares in profit.
Abu Ahmed said about the decline of the capital market, institutional investors must be active in order to pull the capital market in this situation. Recently BSEC held a meeting with market stakeholders. But no more positive effects are seen.
BSEC should investigate the reasons for the collapse of the capital market and take legal action.
On Wednesday, the main index of DSE-DSEX lost 0.97 percent or 54.64 points and closed at 5,578.97.
The blue-chip index DS30 gained 0.21 per cent, the Shariah-based index DSES lost 0.50 per cent, and the large-cap index CDSET lost 0.88 per cent to close at 1,984.68, 1,229.57, and 1,060.90 points, respectively.
Market Turnover, a crucial indicator of the market, slightly increased by 0.9 percent to Tk 602 crore, which was Tk 597 crore at the previous session of the week. Out of 394 issues traded, 274 declined, 79 advanced and 41 remained unchanged on the DSE trading floor.
Dhaka stocks continued to bleed owing to the prolonged depressed market sentiment, with investors’ massive selloffs being predominant in the majority of scrips as they preferred to safeguard their funds from further erosion amid the enduring pessimism pervading the trading floor, said EBL Securities in its Daily Market Review.
The market observed a continuous tussle between buyers and sellers till mid-session; however, bears subsequently regained their dominance and led the market to prolong its downtrend with no major catalyst for a strong turnaround, it’s added.
On the sectoral front, Pharma exerted 22.4 per cent issues highest turnover, followed by Food 15.1 per cent and Textile 12.3 per cent sectors.
Almost all the sectors displayed dismal returns, out of which Travel 2.8 per cent, Financial Institutions 2.3 per cent and General Insurance 2.1 per cent exerted the most corrections on the bourse today, while only IT 2.3 per cent exhibited some positive returns.
