Stocks witnessed a losing streak for the third straight week and the Dhaka Stock Exchange (DSE) lost more than Tk 22,000 crore in market capitalization during the last three weeks.
Market analysts said cautious investors continued their sell-offs pushing shares price to continuously fall.
On the other hand, newly listed stocks saw price-correction in the last week as those securities witnessed an upward trend continuing after listing in the market, they mentioned.
As a result, four out of top ten losers belonged to the newly listed companies in the last week, they added.
However, the market-cap on the DSE stood at Tk 469,304 crore on Thursday, down Tk 22,405 crore from Tk 501,709.6 crore on 14 January, 2021.
The DSEX, the prime index of the Dhaka Stock Exchange (DSE), decreased by 76.69 points or 1.34 percent to close at 5,647 points.
DSEX went down more than 261 points in the past three consecutive weeks.
The DSE 30 Index comprising blue chips went up by 17.47 points to close at 2,191 and the DSE Shariah Index (DSES) decreased by 19.09 points to finish at 1,261 during the last week.
Energypac Power Generation was the week's worst loser and was down 24.13 percent to close at Tk 54.40 on Thursday.
On the other hand, the port city bourse, the Chattogram Stock Exchange (CSE) also saw a rapid fall during the time with its selective category index (CSCX) losing 212 points to close at 9,853 points.
The All-Share Price Index (CASPI) of the CSE was higher by 344 points to close at 16331 points.
Of the issues traded, 183 declined, 52 advanced and 60 remained unchanged on the CSE.
The port city's bourse traded 57.42 million shares and mutual fund units with turnover value of Tk 2.90 billion during the week.
Eminent economist and market expert, Prof Abu Ahmed told Bangladesh Post many investors continued their selling spree on price-correction.
The government should immediately bring in some good companies, in order to undertake a drive to develop a long-term financing capital market, Ahmed added.
The economist said the government should encourage good companies, including local as well as multinational companies like Nestle to offer IPOs.
Ahmed mentioned that the government should make some rules and give incentives including reducing corporate tax for listed companies to encourage good companies to be listed in the stock market.
