It is interesting photo taken just few weeks ago, one could imagine it is food price riot but it is not, it is investor riot and not related for any particular listed company, just because market cracked after unreal 80% rally.
Bangladesh market is now up again +15% in a day. It keeps me amazed how silly peoble can be or behave with the money and what they are doing with it.
After reading many news related for this subject, there actually wasn´t any news or opinions exist which would even consider the valuation of specific company or technical healthy or any other related sub-group which would do one thing:
Pricing the underlying Assett,
Gracy World. Now, did they actually make it worse or better:
“Bangladesh’s volatile stock market rose more than 15 percent on Tuesday, rebounding a day after a plunge triggered violent clashes between angry investors and police.The benchmark Dhaka Stock Exchange general index (DGEN) gained 1,012.65 points, or 15.58 percent, to close at 7,512 but analysts said the market could still face trouble as the bounce was led by government intervention. It also relaxed rules on dealers taking out special loans to invest in the stock market.At the same time the SEC moved to boost loan facilities for retail and institutional investors.
Many new small-time investors blamed the falls Sunday and Monday on the government and regulators. Mohammad Masum Bepery, whose shares lost 1.2 million taka ($150,000) of their value over two days, said market swings and intervention by authorities had destroyed confidence.
“The authorities are behind this rally. They have artificially boosted share prices to save their skins,”
he said. The losses led to massive street protests by investors and police used tear-gas and baton-charges Monday to disperse people chanting slogans against the government and regulators outside the stock exchange, where they set alight tires and office furniture. On Tuesday officers with water cannon were stationed outside the exchange to prevent a repeat of the unrest.”
