The country’s stock market is on life support, all initiatives are ineffective

2024 Apr 25 15:39:34

Own Reporter: The country’s stock market is now running on life support. None of the initiatives are working. The BSEC, in a meeting with market regulators or stakeholders on Tuesday, took three interim decisions to prevent the fall. But the next day saw a big fall in the stock market.

In view of this, on Wednesday, the regulatory body has issued new guidelines by setting a new limit for the reduction of share prices. This deepened the downtrend today on Thursday.

Market insiders say that the fact that the manipulators are more powerful and reckless than the regulatory bodies, has been proved once again today. The so-called market participants are the root cause of the fall, it was proved once again today. Because their position is always against fixing the share price. Besides, they want the current commission to end up in chaos and turmoil.

Thursday Market Review

The last working day of the week today Thursday (April 25) the main index of DSE DSEX is down 60.48 points to 5 thousand 518 points. Among the other two indices, the DSE Shariah index is down 12.29 points at 1,217 points and the DSE-30 index is down 10.17 points at 1,974 points.

Shares and units worth Tk 511 crore 43 lakh were traded in DSE today. 602 crore 74 lakh rupees were traded on the previous working day.

396 institutions and units were traded on DSE today. Among them, 69 rates increased, 300 decreased and 37 remained unchanged.

Another stock market Chittagong Stock Exchange (CSE) traded shares and units worth Tk 110 million today. Shares and units worth Tk 26 crore 7 lakh were traded on the previous day.

219 institutions participated in the transaction on CSE today. Among them, the prices of 33 companies increased, 161 companies decreased and 25 companies remained unchanged.

Shares and units of 227 companies were traded in CSE on the previous day. Out of which the price increased for 41, decreased for 166 and remained unchanged for 20 companies.

ShareNews, 25 April 2024