Stocks saw a continuing falling and losing streak for the fourth straight week amid panic sell-off.
Market analysts said investors took wait-and-see strategy amid global economic uncertainty caused by Ukraine crisis pushed the market down. Stocks witnessed a downward trend as the prospect of settlement of negative equities and the Ukraine crisis left negative impacts on the turnover and market-cap.
The investors regained confidence in the last several weeks following the latest regulatory intervention, but the gains could not completely offset the heavy losses, they added.
The regulatory move encouraged banks which have invested below the 25 percent threshold, to increase stock market exposure and form special funds for investing in the capital market, said the stockbroker.
However, in last week, the Bangladesh Securities and Exchange Commission (BSEC) has directed the authorities concerned to invest Tk 100 crore in the capital market from Capital Market Stabilization Fund (CMSF) which helped to turn around the market from big fall amid Ukraine crisis.
Besides, the securities regulator has cut the lower circuit breaker at 2 percent due to the current downfall of the stock market.
Of the five trading days this week, the first two sessions saw a rapid fall and the benchmark index lost 240 points due to panic-driven sell-off.
However, it recovered 212 points in the last three days riding on the regulatory measures.
DSEX, the prime index of Dhaka Stock Exchange (DSE) went down by 28.37 points or 0.42 percent to close at 6,668, extending the losing streak for the fourth straight week.
The DSEX decreased by nearly 418 points in the past four weeks.
The DS30 index, comprising blue chips, declined by 37.84 points to settle at 2,425 and the DSE Shariah Index (DSES) decreased by 6.59 points to finish at 1,435.
The week's total turnover of the DSE stood at Tk 39.72 billion against Tk 37.46 billion in the week before.
The daily average turnover stood at Tk 7.94 billion on the country's key bourse, up 6.04 percent than the previous week's average of Tk 7.49 billion.
Market capitalisation of the DSE also dropped to Tk 5,384 billion on Thursday from Tk 5,351 billion in the week before.
Of the 386 issues traded, 207 advanced, 156 declined and 23 issues remained unchanged on the DSE trading floor.
Beximco was the most traded stock with shares worth Tk 2.62 billion changing hands.
It was followed by Fortune Shoes, Bangladesh Shipping Corporation, British American Tobacco and Orion Pharma.
BDCOM Online was the top gainer, posting a 41.74 percent gain, while Vanguard AML Rupali Bank Balanced Fund was the worst loser, shedding 15.48 percent.
On the other hand, the port city bourse, the Chittagong Stock Exchange (CSE) saw a rapid fall with its selective category index (CSCX) losing 9 points in the last week to close at 11,737 points.
The All-Share Price Index (CASPI) of the CSE was also lower by 11 points to close at 19,561 points.
Of the 338 issues traded, 201 advanced, 116 declined and 21 remained unchanged on the CSE trading floor.
The port city's bourse traded 5.20 crore shares and mutual fund units with turnover value of Tk 113 crore during the last week.
