Economic Reporter :
Dhaka bourse continued declining trend in all sessions executed in last week following investors’ panic-driven sales amid their lack of ‘confidence’.
The DSEX, the broad index of Dhaka Stock Exchange (DSE), lost 127.7 points and hit 35-month low to close at 4810.21 points.
According to DSE information, the DSEX lost 1,140 points since January 24, 2019 when the index peaked at 5,950 points.
Many shaky investors ‘liquidated’ stocks from all sectors of the listed securities, while others adopted cautious stance in case of injecting fresh funds.
As a result, the daily average turnover of the week dropped 19.7 per cent over the daily average turnover observed in previous week.
Point to point estimate revealed that during last week, the shariah based index DSES and DS30 index lost 25 points and 51 points respectively to their previous week’s indices.
Following the sharp correction, the daily average turnover observed the lowest transaction since 16th May, 2019.
According to International Leasing Securities, the persistent bearish mood hit the investors hard and prompted many ones to go for selling offs to avoid further losses on their portfolios.
Dhaka bourse continued declining trend in all sessions executed in last week following investors’ panic-driven sales amid their lack of ‘confidence’.
The DSEX, the broad index of Dhaka Stock Exchange (DSE), lost 127.7 points and hit 35-month low to close at 4810.21 points.
According to DSE information, the DSEX lost 1,140 points since January 24, 2019 when the index peaked at 5,950 points.
Many shaky investors ‘liquidated’ stocks from all sectors of the listed securities, while others adopted cautious stance in case of injecting fresh funds.
As a result, the daily average turnover of the week dropped 19.7 per cent over the daily average turnover observed in previous week.
Point to point estimate revealed that during last week, the shariah based index DSES and DS30 index lost 25 points and 51 points respectively to their previous week’s indices.
Following the sharp correction, the daily average turnover observed the lowest transaction since 16th May, 2019.
According to International Leasing Securities, the persistent bearish mood hit the investors hard and prompted many ones to go for selling offs to avoid further losses on their portfolios.
