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The prime index of the Dhaka Stock Exchange (DSE) tumbled to a fresh three-year low on Tuesday as the regulatory move failed to restore investors’ confidence in the market.
The Bangladesh Securities and Exchange Commission urged the market intermediaries to ensure their active participation in stabilising the stock market after holding a meeting with the stakeholders on Monday.
The regulatory move, however, failed to restore investors’ confidence in the market.
DSEX, the prime index of the DSE, lost more than 41 points or 0.73 per cent to settle at a three-year low to 5,633, after gaining 21 points the previous day.
Following the continuous market fall, a group of investors, under the banner of “Bangladesh Capital Market Investors Association (BCMIA), staged a demonstration in front of the DSE old building at Motijheel.
They alleged that the securities regulator failed to curb manipulation in the market, so small investors lost their money.
The blue-chip index DS30, a group of 30 prominent companies, shed almost 4 points to 1,980, while the DSES Index, which represents Shariah-based companies, lost 7 points to 1,235.
Turnover, a crucial indicator of the market, was Tk 5.97 billion, slightly up from Tk 5.75 billion the day before amid selling pressure.
More than 72 per cent of traded shares saw price fall. Out of the 396 issues traded, 310 declined, 50 advanced, and 36 remained unchanged on the DSE trading floor.
Newly-listed Asiatic Laboratories dominated the turnover chart, with shares worth Tk 398 million changing hands, followed by Lovello Ice-Cream, Golden Son, Orion Infusion, and Best Holdings.
BD Thai Food was the day's highest gainer, posting a 9.78 per cent increase, while Olympic Accessories was the worst loser, having shed 9.10 per cent.
The Chittagong Stock Exchange also ended lower, with its All Shares Price Index (CASPI) shedding 35 points to 16,154 and the Selective Categories Index (CSCX) losing 18 points to 9,719.