The wayward stock market appeared hell-bent on defying all the correctives as all the bailout measures taken by both the government and the investors themselves failed to check market collapse.
Share prices once again plummeted Sunday, the first trading day of the week, on both the bourses in the country, further knocking down investors’ confidence as well as capital investment.
At the close of day’s trading, the Dhaka Stock Exchange General Index shed over 205 points to stand down at 5512.
Of the traded issues, 139 declined, 13 advanced and three remained unchanged.
Chittagong stocks also marked a sharp fall Sunday, with the CSE Selective Categories Index climbing down to 9934 by dropping 323 points.
Out of the issues traded on the day, 185 declined, seven gained and two remained unchanged.
On May 5, the much-vaunted ‘Bangladesh Fund’ hit the stock market, as one of a set of government measures for salvaging the manipulation-ridden bourses from a slide.
But the funneling of the Tk 5,000 crore funds, however, failed to create any impact on the stock market, as investors saw huge fall of share prices day after day.
Meanwhile, recasting the market regulator—the Securities and Exchange Commission—is also underway with a new chairman at the helm.
Share prices once again plummeted Sunday, the first trading day of the week, on both the bourses in the country, further knocking down investors’ confidence as well as capital investment.
At the close of day’s trading, the Dhaka Stock Exchange General Index shed over 205 points to stand down at 5512.
Of the traded issues, 139 declined, 13 advanced and three remained unchanged.
Chittagong stocks also marked a sharp fall Sunday, with the CSE Selective Categories Index climbing down to 9934 by dropping 323 points.
Out of the issues traded on the day, 185 declined, seven gained and two remained unchanged.
On May 5, the much-vaunted ‘Bangladesh Fund’ hit the stock market, as one of a set of government measures for salvaging the manipulation-ridden bourses from a slide.
But the funneling of the Tk 5,000 crore funds, however, failed to create any impact on the stock market, as investors saw huge fall of share prices day after day.
Meanwhile, recasting the market regulator—the Securities and Exchange Commission—is also underway with a new chairman at the helm.
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