Bangladesh’s stock markets tumble as losing streak extends to another day
Bangladesh's stock markets witnessed a gloomy day on Wednesday, with both Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) extending their losing streaks. The broad index DSEX plummeted by 47.4 points, while CSCX at CSE dropped significantly by 67.8 points.
All sectors at DSE showed poor performance, with Jute, Life Insurance, and Mutual Fund experiencing the most corrections. The market turnover at DSE also fell by 14.6 per cent, reaching Tk 2.9 billion. Out of the 397 issues traded, only 52 advanced, while 299 declined, and 46 remained unchanged.
The Bangladesh Securities and Exchange Commission (BSEC), the central regulatory body for the capital market in Bangladesh, oversees both exchanges. The exchanges are managed by their respective boards, with the BSEC ensuring regulatory compliance.
The decline in DSEX to settle at 4,825 points, along with the significant drop in CSCX and CASPI, indicates a challenging period for the Bangladesh stock market. Investors and market regulators alike will be closely monitoring the situation as it unfolds.
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