Angry investors took to the streets in rowdy demonstrations again on Sunday protesting the free fall of share prices as the Dhaka stocks plunged by 166.08 points on the first working day of the week.
The benchmark General Index of the Dhaka Stock Exchange, DGEN, plunged by 2.78 per cent to peg at 5,800.42 points.
"Uncertainty and instability returned at the market as investors rushed to sell out shares in order to leave the capital market which contributed the free fall," said a stock broker.
Many investors were also very indecisive, as most of the proposals taken recently to spur the market are yet to be implemented, he said.
Market insiders said the investors are suffering from lack of confidence following the ongoing liquidity crisis in the market due to lower participation of investors.
Out of 10 trading sessions since it re-opened after the Eid vacation, the DSE suffered losses in seven sessions and the key index of the DSE shed more than 331 points.
The Securities and Exchange Commission (SEC) held several meetings with the stakeholders since the latest downtrend had begun to stablise the market.
"But these attempts apparently failed to bring back confidence among investors," said a market insider.
The market might lead to another crash if the institutional investors continued to watch from the sidelines, he said.
Out of 259 issues traded, only 14 advanced, 242 declined and three remained unchanged.
However, total transaction increased to Tk 3.96 billion in value terms which was 34.23 per cent higher than previous day's Tk 2.95 billion.
Meanwhile, in the wake of free fall of share prices, the aggrieved investors came out from the different brokerage houses at about 1.30pm and staged demonstration and formed a human chain in front of the DSE protesting the massive fall of share prices.
Traffic movement was suspended nearly for two hours as police barred vehicles from taking the street from the Shapla Chattar to the Ittefaq intersection.
The angry investors under the banner of 'Bangladesh Share Market Investors Unity Council' shouted slogans repeating their demand---immediate resignation of the finance minister AMA Muhith and the Bangladesh Bank governor Dr Atiur Rahman.
They also said that fall of share prices being taken place for ten months made many investors compel to led abnormal life as many of them lost most of their investments.
They also sought immediate intervention of Prime Minister Sheikh Hasina to bring back normalcy and stablise the market. They vowed to continue their programme until the stability is restored in the capital market.
Source: FE
The benchmark General Index of the Dhaka Stock Exchange, DGEN, plunged by 2.78 per cent to peg at 5,800.42 points.
"Uncertainty and instability returned at the market as investors rushed to sell out shares in order to leave the capital market which contributed the free fall," said a stock broker.
Many investors were also very indecisive, as most of the proposals taken recently to spur the market are yet to be implemented, he said.
Market insiders said the investors are suffering from lack of confidence following the ongoing liquidity crisis in the market due to lower participation of investors.
Out of 10 trading sessions since it re-opened after the Eid vacation, the DSE suffered losses in seven sessions and the key index of the DSE shed more than 331 points.
The Securities and Exchange Commission (SEC) held several meetings with the stakeholders since the latest downtrend had begun to stablise the market.
"But these attempts apparently failed to bring back confidence among investors," said a market insider.
The market might lead to another crash if the institutional investors continued to watch from the sidelines, he said.
Out of 259 issues traded, only 14 advanced, 242 declined and three remained unchanged.
However, total transaction increased to Tk 3.96 billion in value terms which was 34.23 per cent higher than previous day's Tk 2.95 billion.
Meanwhile, in the wake of free fall of share prices, the aggrieved investors came out from the different brokerage houses at about 1.30pm and staged demonstration and formed a human chain in front of the DSE protesting the massive fall of share prices.
Traffic movement was suspended nearly for two hours as police barred vehicles from taking the street from the Shapla Chattar to the Ittefaq intersection.
The angry investors under the banner of 'Bangladesh Share Market Investors Unity Council' shouted slogans repeating their demand---immediate resignation of the finance minister AMA Muhith and the Bangladesh Bank governor Dr Atiur Rahman.
They also said that fall of share prices being taken place for ten months made many investors compel to led abnormal life as many of them lost most of their investments.
They also sought immediate intervention of Prime Minister Sheikh Hasina to bring back normalcy and stablise the market. They vowed to continue their programme until the stability is restored in the capital market.
Source: FE
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