Dhaka, Bangladesh (BBN)- The country’s both the bourses–Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) — tumbled in the last week with substantial decline in turnover as the investors sold shares throughout the week due mainly to the lack of confidence.
The DSE witnessed five trading sessions as usual and the entire five sessions declined 222.13 points amid low turnover value.
Week-on-week, the benchmark index of the DSE (DGEN) went down drastically by 222.13 points or 5.09 per cent to close at 4,143.56.
The all share price index DSI dropped by 185.76 points or 5.03 per cent to end at 3,504.45. The blue-chip index DSE-20 also closed at 3,381.26, going down by 160.03 points or 4.52 per cent.
Of the 279 issues traded on the DSE, 29 advanced, 246 declined and four remained unchanged.
Meanwhile, the CSE Selective Category Index (CSCX) slipped 429.72 points to close at 8,020.65. The CSE All Share Price Index (CASPI) dropped 680.09 points to close at 12,592.48, while CSE-30 Index fell 524.68 points to close at 10,694.49.
The current sluggish market trend frustrated the retail investors, while absence of institutional participation massively contributed to low turnover and trade volumes, the market operators said.
“Investors’ low confidence fed sharply into turnover and trade volumes. Moreover, the institutional investors were inactive in the market,” a senior market operator told BBN in Dhaka.
BBN/SSR/AD-24Nov12-12:28 pm (BST)
