Low-performing stocks have kept dominating over blue-chip and sound shares in an unpromising sign that the stock market in Bangladesh is driven more by speculation instead of the health and performance of companies.
The share price index for small and medium enterprises (SMEs) listed with the Dhaka Stock Exchange took a massive plunge yesterday as some investors sold large volumes of their stocks in the sector, according to market analysts.
Stocks in Bangladesh dropped in a straight four days after the Eid ul azha as investors are shaky to pour money amid the challenging economic situation.