bdnews24.com :
Transactions in Bangladesh’s capital market have declined to an eight-month low after witnessing some stability at the beginning of the year, just after general elections.
Dhaka Stock Exchange (DSE) on Tuesday recorded lowest transactions in last eight months.
Analysts viewed this as a reflection of investors’ lack of confidence in the market.
DSE traded shares worth Tk 196.79 crore on Tuesday.
Earlier, the lowest transaction was recorded on Oct 22, 2013 when only about Tk 189 crore was traded.
Managing Director of the IDLC Investments Limited Mohammad Moniruzzaman attributed this slump, a month before the presentation of budget by the new government, to a lack of growth in the economy.
He told the bdnews24.com that investors as such have not lost confidence in the market.
“The market witnessed a slump in February. But due to some foreign investors, prices of some shares have increased. But as the economy has not revived, the investors are not able to rely on capital market.”
Moniruzzaman is also of the view that after a slew of scams, investors are now also sceptical about banking sector.
Apart from that, according to him, drop in profits of some big companies also had its impact on investment.
