For Corona, the loss of Tk 30 billion in the stock market!

 Staff Reporter   |   Update: 2020-03-30 22:40:33

For Corona, the loss of Tk 30 billion in the stock market!

Investors in the country's stock market have lost over Tk 30 billion in the face of a major downfall in the coronavirus panic. Investors have lost this money due to lowering of share and unit prices of listed companies. If the new circuit breaker was not introduced by setting the floor price on the shares, the losses would have increased several times by the investors.

The global stock market has been in recession since February due to the outbreak of coronavirus spread worldwide. Since the beginning of March, the negative impact of the stock market is also seen in Bangladesh. However, the main push for coronavirus in Bangladesh's stock market came on 9th March.

The stock market collapsed on 8th  March  after the information was first published that Bangladesh had infected the first three coronaviruses. Then, as the days went by, the fall was much longer. The Dhaka Stock Exchange (DSE) decided to reduce the transaction time limit in order to cope with the collapse.

At the same time, the Bangladesh Securities and Exchange Commission (BSEC), a regulatory body, introduced a new circuit breaker to pull the brunt of the collapse. By reducing the share price of many companies.

Still, investors lost over Tk 30 billion in the 18 business days in March following the coroner's wrath. However, due to BSEC's new circuit breaker, the losses to investors have decreased somewhat. Without the introduction of a new circuit breaker, the loss of investors would have increased manifold.

Data review shows that the market capitalization of DSE at the end of the last working day of February was Tk 3 lakh 42 thousand 983 crore, which stood at Tk 3 lakh 12 thousand 235 crore at the end of the transaction. No further transaction was made as the government declared a general holiday to prevent coronary infection. There will be no more transactions in March. As a result, the market capitalization of the DSE has dropped to Tk. 30 thousand 747crore   Reducing market capitalization means that the share price of the listed company's shares and units has decreased.