Downtrend dogs investors

DSE Index down-trend continues 

Despite slight gain in share prices during early trading, the Dhaka Stock Exchange (DSE) saw downtrend in stock prices for third consecutive day Tuesday.

The benchmark general index of the DSE (DGEN) shed 132 points or 2.86 percent from the previous day’s closing of 4,638 to reach 4,506 points at the end of trading hours.

Of the total issues traded, 230 declined, only 18 advanced and 11 remained unchanged.

Total trade was 82,002 while total transaction 233.46 crore.

Posting a hope for recovery after continuous downtrend over the last couple of days, the DGEN index gained 84 points in five minutes to reach the highest value of 4,722 points after it resumed trading Tuesday.

After that, the index, however, saw a fall that continued till 11:25am to lose most of the earlier gains.

With another rise again for the next five minutes, the index experienced a continuous fall for the rest of the trading hours to reach the day’s lowest value of 4,493 points at 2:40pm.

Then, the DGEN recovered slightly to end the day at a modest 4,506 points continuing the sharp downward trend.

Earlier on Monday, the general index came down to 4,638 points after shedding 71 points.

Following the continuous slide in share prices, Bangladesh Share Investors' Association (BSIA), a platform of retail investors, called a daylong shutdown for Tuesday in Motijheel demanding stability in the stockmarket, but later withdrew the call in the night following arrest of its top leaders.