DSEX slumps to four-month low

Stocks extended the losing streak for the second straight session Wednesday, as DSEX plunged to four-month low.
Market analysts said dearth of quality stocks, lack of investors' confidence and shortage of liquidity continued to take toll on stock prices.
The prevailing bearish trend coupled with the finance minister's latest remarks on capital market also made investors frustrated, said an analyst at a leading brokerage firm.
He noted that the institutional investors mostly followed cautious stance while small investors are suffering from lack of confidence to put fresh fund in stocks.
A group of aggrieved investors also took to the streets again on Wednesday and demanded immediate resignation of M Khairul Hossain, the chief of the capital market watchdog.
They also demanded the Prime Minister's intervention to revive the investors' confidence in the capital market.
The market opened on negative note and turned positive in the mid-session. But, the index failed to sustain in the positive terrain amid selling pressure.
The port city bourse CSE also ended lower with its CSE All Share Price Index - CASPI -shedding 77 points to settle at 16,044 and the Selective Categories Index - CSCX -losing 45 points to finish at 9,708.
Here too, the losers beat gainers, as 148 issues closed lower, 64 ended higher and 23 remained unchanged on the CSE.
The port city bourse traded 4.22 million shares and mutual fund units worth nearly Tk 137 million in turnover.

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