Stocks: the week in red ink

Dhaka bonds declined 4.98 percent final week, triggered by be scared sell-offs. Fears of the serve marketplace tumble ran low in in between investors.

The benchmark ubiquitous index, DGEN of DSE, sealed during 6,259 points, after disappearing 327.91 points for outrageous sell-offs.

In an try to move some-more fortify to the market, the Security as great as Exchange Commission has motionless to take authorised transformation opposite purported marketplace manipulators. The preference comes in reply to the examine physique inform upon the stockmarket crash, pronounced BRAC EPL, the heading stockbroker, in the every day marketplace analysis.

The headlines of filing cases opposite the manipulators total be scared in in between the investors, pronounced the stockbroker.

Some investors upon purpose widespread the gossip in the marketplace which the marketplace would tumble serve following the initiatives of SEC to record cases opposite the manipulators, he added.

Prof Mahmood Osman Imam, who teaches monetary during Dhaka University, pronounced the final dual days’ benefit as great as tumble were surprising as turnover was low.

“Somebody was personification tricks during the during the behind of of the scene,” he alleged.

Imam, additionally the partial of of the DSE index growth committee, referred to investors to be clever prior to creation latest investments in the market.

Moreover, the SEC has endorsed reforms to the book-building routine as great as has voiced the idea to set the unvaried domain loan routine soon.

Turnover declined significantly final week as the every day normal turnover stood during Tk 883.9 crore, which is 51.2 percent reduce from the prior week’s turnover.

Of the sum 265 issues traded upon the premier bourse, 251 declined as great as fourteen modernized final week.

The concrete zone was the customarily gainer sector, which modernized 1.10 percent, whilst Grameenphone, which represents the telecoms sector, declined 13.39 percent.

The banks declined 3.89 percent, non-bank monetary institutions 4.44 percent, chemicals as great as pharmaceuticals 4.18 percent, fuel as great as appetite 6.16 percent as great as weave 6 percent respectively.

RN Spinning Mills surfaced the turnover personality with 1.57 crore shares worth Tk 162 crore becoming opposite hands.

The Third Investment Corporation of Bangladesh Mutual Fund was the greatest gainer of the week, posting the 7.51 percent rise. BD Welding Electrodes was the misfortune loser, slumping by 19.40 percent.

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