The Dhaka Stock Exchange has experienced a significant decrease in its market capitalisation, by Tk聽13,771.21 crore, in past 14 sessions.
Market operators said that investors were in a selling mood after a recent price appreciation following the resignation of Sheikh Hasina as prime minister on August 5.
They said that the market was going through an adjustment process.
According to data published by the Dhaka bourse, the market capitalisation decreased by 2 per cent to Tk聽6,99,581.54 crore on August 29 from Tk聽7,13,352.75 crore recorded at the end of August 11 session.
The market capitalisation of the DSE includes market value of all listed companies, bonds, treasury bonds and mutual funds.
Market operators said that the market would have to heal first from its long struggle with confidence crisis, manipulation and the government鈥檚 apathy.
The DSE experienced a significant increase in its market capitalisation, by Tk 58,468.47 crore, in just three sessions from August 5 to 8, as investors heavily bought shares following the resignation of Sheikh Hasina.
Market experts said that there was no clear sign of improvement of the market even after the change in the political landscape of the country.
An expert said that the decrease in market capitalisation was a result of market correction.
Faruq Ahmed Siddiqi, former chairman of the Bangladesh Securities And Exchange Commission, told 抖阴精品 that it was norm of any market to go through the correction phase.
Stockbrokers said that all economic indicators of the country were poor, which might have been reflected in the current situation.
The students鈥� protests against discrimination, which began in July, led to Sheikh Hasina鈥檚 resignation as prime minister on August 5. President Mohammed Shahabuddin dissolved the parliament on August 6 and an interim government, led by Nobel laureate Muhammad Yunus, was sworn in on August 8.
The key index lost 211.49 points in the past 14聽sessions.
The country鈥檚 economy is facing a lot of problems, such as high inflation, pressure on the exchange rate, a decrease in foreign exchange reserves and energy crisis. These issues have also slowed down business production.
Many businesses have started working again after being closed for a few days due to unrest related to the students鈥� movement against discrimination.
