bdnews24.com :
Bangladesh’s top stock exchange has recorded its lowest turnover in 14 months on the first day of new automated trading system, with which most investors are unfamiliar.
However, State Minister for Finance MA Mannan says the Dhaka Stock Exchange has entered “a new age” with the system that cost about Tk 350 million.
Stakeholders say there is nothing to worry as Thursday’s slump resulted from “confusion and extra caution” exercised by investors.
The DSE registered a Tk 1.37 billion turnover while the DSEX shed 11 points as prices of 147 shares rose, 148 declined and 41 remained unchanged.
Until now, traders used to buy and sell shares in bundles. But with the new system investors can buy and sell as many shares as they wish.
However, they cannot trade from office of any authorised representative or branch of their own brokerage house.
From now on, an investor will have to trade through a branch of a brokerage house and one or a group of authorised representatives fixed for him.
Investors were at a fix at the beginning of Thursday’s trading.
Bangladesh’s top stock exchange has recorded its lowest turnover in 14 months on the first day of new automated trading system, with which most investors are unfamiliar.
However, State Minister for Finance MA Mannan says the Dhaka Stock Exchange has entered “a new age” with the system that cost about Tk 350 million.
Stakeholders say there is nothing to worry as Thursday’s slump resulted from “confusion and extra caution” exercised by investors.
The DSE registered a Tk 1.37 billion turnover while the DSEX shed 11 points as prices of 147 shares rose, 148 declined and 41 remained unchanged.
Until now, traders used to buy and sell shares in bundles. But with the new system investors can buy and sell as many shares as they wish.
However, they cannot trade from office of any authorised representative or branch of their own brokerage house.
From now on, an investor will have to trade through a branch of a brokerage house and one or a group of authorised representatives fixed for him.
Investors were at a fix at the beginning of Thursday’s trading.
