Stock market: indices hit 25 months’ low

Dhaka stocks showed downwards trend again this Thursday among unstable trading throughout the session. The turnover value declined significantly and DGEN came down below 4,500-point level. The main reason the investor’s policy to stop trading and observe market situation.

The market analysts have said that the market reaction has turned into negative because of lack of confidence and liquidity crisis. That’s why many investors are observing the market situation while a section of them are not willing to sell shares at such lower prices which played a major role behind the lower turnover value.

On Thursday, the market opened with a positive signal, gaining more than 50 points within five minutes. After that it went to down and fluctuated several times throughout the session and finally ended more than 77 points lower.

The DGEN, The benchmark general index of the Dhaka Stock Exchange went down by 77.90 points or 1.70 per cent to close at 4,486.98 and came down to 25 months low since December 27, 2009.

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