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Govt's purchase committee approves 4 proposals-537737

DSE turnover nosedives to seven-month low

Stocks bounce back but worries remain

Stocks bounce back but worries remain Turnover on a downward curve Star Business Report Star Business Report Stocks bounced back yesterday following three days of continuous decline but tensions continue to run high among investors due to the downward trend of the turnover. DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 122 points, or 2.27 per cent, to 5,498 yesterday. The market took a huge tumble over the last few days so if people sell their shares, they will incur losses, according to a stock broker. So, this discourages them to put up sale orders, he said, adding that this caused the market to rise.

Stocks plunge 2.5pc on panic sales

Stocks plunge 2.5pc on panic sales Star Business Report Star Business Report The key index of the Dhaka Stock Exchange (DSE) nosedived more than 2.53 per cent yesterday due to pressure stemming from panic sales by general investors. The DSEX fell 142 points to 5,504.78, the lowest in one and a half months. Maybe people have lost confidence although there is no reason for losing faith in the market, said Sharif Anwar Hossain, president of the DSE Brokers Association. The market is falling as some investors sold off shares and others are following suit, he said, adding that such copycat tendencies intensify market falls.

Stock market newcomers lose the most | The Daily Star

Stock market newcomers lose the most Star Business Report Star Business Report Newly listed companies suffered the biggest hits in the stock market yesterday as most had become overvalued in recent times. Five such firms ended up in the top losers list. Meanwhile, Mir Akhter Hossain exhibited a break from norms and continued to be traded on in the second day past its appearance. Normally, a new company remains in limbo on the first few days upon arrival due to a lack of sellers in the midst of a huge number of buyers. The overvaluation should not have occurred, said a top official of a merchant bank.