Dhaka, Bangladesh (BBN)-Bangladesh’s stocks ended lower on Tuesday, a day after the finance minister holding a marathon meeting with the capital market stakeholders to revive the investors’ confidence.
DSEX, prime index of Dhaka Stock Exchange (DSE), went down by 30.74 points or 0.62 per cent to settle at 4928, after adding 27 points in the past three straight sessions.
Two other indices also ended lower. The DS30 index, comprising blue chips, fell 3.93 points to finish at 1,751 and the DSE Shariah Index dropped 8.64 points to close at 1,146.
Turnover, a crucial indicator of the market, however, rose to 4.35 billion, which was 12 per cent higher than the previous day’s 3.89 billion.
Finance Minister AHM Mustafa Kamal said on Monday after the meeting that the government would continue to support the capital market and decided to speed up the process of listing of state-owned enterprises to help revive the country’s ailing capital market.
The finance minister’s meeting with capital market stakeholders failed to attract investors amid lack of confidence, according to experts.
The investors did not find proper guidelines from the meeting of concerned stakeholders with finance minister for restoring investors’ confidence in the country’s worsening capital market, they explained.
The market opened on positive vibe, adding 31 points within first hour of trading, but profit booking sell pressure led the index fall in the later part of the session.
On the other hand, the Chittagong Stock Exchange also ended lower with its All Shares Price Index (CAPSI) — CASPI– losing 112 points to close at 14,950 and the Selective Categories Index – CSCX – shedding 69 points to finish at 9,076.