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.
"My portfolio is showing unrealised losses for mainly three companies, which have been falling suddenly," he said.
On November 5, a trilateral memorandum of understanding was signed among the government of Bangladesh, the Serum Institute of India and Beximco Pharmaceuticals to collect and distribute three crore doses of Covid-19 vaccines from the Indian vaccine-maker.
"But many of our investors are chasing debutant companies and then they incur losses," a stock broker said.
Investors sometimes fail to see the justifiable price of a company if it has potential, he said.
- "Although a company has potential, investors should see its proper valuation because a high price of a well-performing company may cause losses."
Turnover, an important indicator of the stock market, rose 2.37 per cent to Tk 789 crore yesterday.
- The shares of Beximco rose four times and Beximco Pharmaceuticals increased 88 per cent. Both fell 22 per cent and 40 per cent respectively in the last few days.
Anlima Yarn Dyeing topped the gainers' list, rising 6.40 per cent followed by Savar Refractories, MatinSpinning, PHP First Mutual Fund, and Alhaj Textile.
Beximco topped the turnover list with its shares worth Tk 140 crore changing hands, followed by Beximco Pharmaceuticals, British American Tobacco Bangladesh, Robi Axiata and LankaBangla Finance.
Shyampur Sugar shed the most, dropping 9.69 per cent, followed by Aman Feed, CAPM IBBL Mutual Fund, BD Thai Aluminum, and Prime Insurance.
The port city bourse also dropped. The CASPI, the general index of the Chittagong Stock Exchange, fell 396 points, or 2.49 per cent, to 15,519.
Among the 228 traded stocks, 16 rose, 176 dropped and 36 remained the same.
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