Economic crisis: At least 43 listed companies and mutual funds fell to losses in July to December of the ongoing financial year after reporting profits in the identical half a year ago.
The government's tax measures contradict its plan to turn the stock market into a destination for long-term investments, something apparent in the pace with which individuals and institutions trade shares simply to make a quick buck.
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.
Profits of listed fuel and power generation companies altogether dropped in the January-March period of the current financial year of 2021-22 due to some power plants shutting down, an increase in the price of raw materials and a decrease in investment income.