Stocks bounce back but worries remain
Turnover on a downward curve Star Business Report Star Business Report
Stocks bounced back yesterday following three days of continuous decline but tensions continue to run high among investors due to the downward trend of the turnover.
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 122 points, or 2.27 per cent, to 5,498 yesterday.
The market took a huge tumble over the last few days so if people sell their shares, they will incur losses, according to a stock broker. So, this discourages them to put up sale orders, he said, adding that this caused the market to rise.
Investors flustered by sudden drop in index Star Business Report Star Business Report
Investors were left panicked and disheartened by the steep fall of the main index of the country s stock market.
They are now losing money even by investing in well-performing companies.
The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), nosedived 128 points, or 2.33 per cent, to 5,376.45.
The index shed 4.86 per cent, or 271 points, in the last two days. During the last two trading sessions, stock value dropped by around Tk 20,909 crore. I m really disheartened as the value of most of my stocks dropped by more than 30 per cent suddenly, said Abdul Halim, an investor who works at a private bank.
Stocks plunge 2.5pc on panic sales Star Business Report Star Business Report
The key index of the Dhaka Stock Exchange (DSE) nosedived more than 2.53 per cent yesterday due to pressure stemming from panic sales by general investors.
The DSEX fell 142 points to 5,504.78, the lowest in one and a half months. Maybe people have lost confidence although there is no reason for losing faith in the market, said Sharif Anwar Hossain, president of the DSE Brokers Association. The market is falling as some investors sold off shares and others are following suit, he said, adding that such copycat tendencies intensify market falls.
Stock market newcomers lose the most Star Business Report Star Business Report
Newly listed companies suffered the biggest hits in the stock market yesterday as most had become overvalued in recent times.
Five such firms ended up in the top losers list.
Meanwhile, Mir Akhter Hossain exhibited a break from norms and continued to be traded on in the second day past its appearance.
Normally, a new company remains in limbo on the first few days upon arrival due to a lack of sellers in the midst of a huge number of buyers.
The overvaluation should not have occurred, said a top official of a merchant bank.
BAT Bangladesh changes corporate logo
Staff Correspondent
14th January, 2021 12:13:29
British American Tobacco Bangladesh said to have changed its corporate logo reflecting changes in the operating environment around its business.
The previous logo served well for decades in being a strong symbol of a world-leading tobacco company , said a press release.
BAT as a group recognized the need to have an evolving business model being one of the most international companies operating in 180+ markets.
BAT Bangladesh has embraced a new vision and purpose to work hand in hand with sustainable development journey of the country.
Keeping environmental, social and governance (ESG) practices in the front and center of all its actions, BAT Bangladesh aims to bring impactful changes in the community.