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Investors flustered by sudden drop in index

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. ....

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Nearly half the state-run entities running at a loss

The seven loss-incurring companies deal with producing sugar, motorcycles, hotel services, cables and glass sheets.
A big number of government run companies are not giving any dividends for many years so the stocks are providing nothing to their investors, said stock investor Abdul Alim.
Renwick Jajneswar and Usmania Glass did not provide any dividend for the last two years.
Moreover, Shyampur Sugar and Zeal Bangla Sugar have not paid any dividends in at least for the past two decades, the DSE data shows.
The state-run sugar mills are 60 years old but their economic lifespan ended at least 30 years ago, said Sanat Kumar Saha, chairman of the Bangladesh Sugar and Food Industries Corporation (BSFIC). ....

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Stocks break gaining streak | Bangladesh Sangbad Sangstha (BSS)

showing four days positive trend as risk-averse investors went for short-term
profit booking on sector-specific shares.
DSEX, the key index of the Dhaka Stock Exchange (DSE), went down by 23.95
points or 0.46 per cent to settle at 5,123.06. Two other indices also edged
lower. The DS30 index, comprising blue chips, lost 7.16 points to finish at
1,806.04 and the DSE Shariah Index fell 6.97 points to close at 1,185.53.
Turnover, a crucial indicator of the market, remained almost the same and
amounted to Taka 9.72 billion which was Taka 9.79 billion in the previous
day.
159 ended lower, 125 higher and 72 issues remained unchanged on the DSE
trading floor.
Taka 731 million changing hands, followed by Beximco, Bangladesh National ....

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