Investors are expecting a stable market ever since the benchmark index of the Dhaka Stock Exchange (DSE) went up in the last five days.
DSE Director Minhaj Mannan Imon said that in order to achieve it after a long time of losses, the regulator played an important role.
“With the current trend, the investors think that the market will once again boom,” he told Bangla Tribune.
Ahmad Rashid Lali, former president of DSE Brokerage Association of Bangladesh, echoed before adding, “We expect a better week to restore investors’ confidence to the stock market.”
He said that the market is currently “bottom out,” and in order for it to be revived more transaction is imperative.
“This is the best time to buy shares, transactions must increase. There is no reason to worry about the current market,” he said.
The market closed the week ending on Thursday (Nov 21) in green with the indices at Dhaka and Chittagong bourses gaining.
Bangladesh Stock Market Investors Union Council President Mizan Ur Rashid Chowdhury says that the government must adopt long-term plans so that retail investors do not suffer losses.
“Investors will only regain confidence when the market is stable,” he said.
In the last week, the DSE saw a turnover of nearly Tk 20 billion which was nearly Tk 14 billion the week before that. Within a week turnover went up by 41.72 percent.
During last week, shares of 48 percent of the 357 companies went up with the 'A' category shares accounting for 79.38 of the turnover.
Moreover, last week’s transaction the price-to-earnings ratio also saw an upward trend with a 1.16-percent increase.