The stock market of Bangladesh is now running on life support. None of the securing and saving initiatives are working. The BSEC took three interim decisions to prevent the fall in a meeting with market regulators or stakeholders on Tuesday. But the next day people saw a big fall in the stock market. Because of this, the regulatory body issued new guidelines on last Wednesday, setting a new limit for the reduction of share prices. It deepened the downtrend yesterday, the last working day of the week.
It was seen yesterday that, the main index of DSE, DSEX, fell by 60.48 points to 5,518 points. Among the other two indices, the DSE Shariah index was down 12.29 points at 1,217 points and the DSE-30 index was down 10.17 points at 1,974 points.
Shares and units worth Tk 511 crore 43 lakh were traded in DSE yesterday. Tk 602 crore 74 lakh was traded on the previous working day. Besides, 396 companies and units were traded in DSE yesterday. Among them, 69 rates increased, 300 decreased and 37 remained unchanged.
219 institutions participated in the transaction on CSE yesterday. Among them, the prices of 33 companies increased, 161 companies decreased and 25 companies remained unchanged. Shares and units of 227 companies were traded on CSE last Wednesday. Out of which the price increased for 41, decreased for 166, and remained unchanged for 20 companies.
The country's stock market is undergoing a major decline. Investors are blaming the regulator Bangladesh Securities and Exchange Commission's (BSEC) circuit breakers for this fall.
They said it is not possible to cover the fall of the market with circuits. Rather, this guidance will prolong the decline. By doing this, investors and institutions of the capital market will suffer more. Investors and investment institutions are suffering every day due to the continuous fall in the stock market. To overcome this situation, the company imposes a new circuit breaker on falling share prices. Instead of being positive, there is a negative impact on the stock market.
Concerned of The stock market has said that the manipulators are more powerful and reckless than the regulatory body, which was proved again on the last working day. The so-called market participants are the root cause of the fall, it was proved once again today as their position is always against fixing the share price. Besides, they want the current commission to end up in chaos and turmoil.
ZH
