The third trading day of the week on the country’s main stock market Dhaka Stock Exchange (DSE) ended on Tuesday (September 3) amid mixed reactions to indices. Share prices of most companies have fallen. Although some call this a correction, many say that the investigation of irregularities in the past years in the market and the announcement of the related committee is accelerating the decline of the index.
However, many investors avoid the question of whether irregularities can be investigated or prosecuted, but many say that every injustice should be investigated. But the stock market is a touchy place. Therefore, there is no point in informing the investigation committee or asserting ourselves in this way. The investigation could have been done in a more tolerable and confidential manner. Besides, there are questions about those who have been made into committee.
The regulatory body Bangladesh Securities and Exchange Commission (BSEC) has constituted an investigation committee with experts to investigate all the irregularities and corruption in the capital market in the last 15 years. The investigation committee has been tasked to investigate irregularities and corruption in 12 institutions in the first phase.
BSEC’s new chairman Khandkar Rashed Maqsood said about the formation of the investigation committee, no more irregularities and corruption will be allowed in the stock market. He said, this is the first stage investigation committee. Further investigation committee will be formed to investigate the irregularities and corruption of the last 15 years.
But the owners of stock market irregularities and corruption have started to negatively promote this goodwill of the regulatory body. Due to which the stock market has fallen continuously in the last two working days.
The market stakeholders say that the current chairman of BSEC is moving forward with a strong hand to drive away the irregularities and corruption that are leaning on the stock market. But so that he does not succeed, the owners of irregularities and corruption have started a new conspiracy. Investors should be vocal against their conspiracy for the sake of the stock market.
Meanwhile, market analysts say that the stock market has risen in the previous three days. In those three days, the main stock market Dhaka Stock Exchange (DSE) index increased by 144 points. In contrast, the index fell by 43 points in the last two days. They said that the stock market is moving forward with a mixed trend of ups and downs. Which is positive for the stock market. This increases market resistance and reduces the likelihood of a major decline.
On Tuesday, DSE’s main index DSEX fell by 17 points to 5,787 points. The DSE index fell by 26 points the previous day.
Shares and units worth Tk 726 crore 51 lakh were traded in DSE that day. The previous day was 1 thousand 65 crore 54 lakh taka. Transactions decreased by Tk 339 crore 3 lakh or 32 percent.
Among the 398 companies traded on DSE yesterday, the share and unit prices increased for 102 or 25.62 percent, decreased for 258 or 64.82 percent and remained unchanged for 38 or 9.54 percent.
Shares and units worth Tk 31.67 million were traded in the other stock market CSE on Tuesday.
Among the 224 companies traded on CSE, the share and unit prices of 58 increased, 151 decreased and 15 remained unchanged.
On Tuesday, CSE’s overall index CASPI fell by 91 points to 16501 points.
