In Bangladesh, between January and April, an unusual trend emerged where investors in well-performing companies experienced losses while those betting on low-performing companies saw significant gains.
Overall, the DS30, the index that shows the ups and downs of blue-chip stocks on the Dhaka Stock Exchange, dropped 8 percent to 1,995 between January and April. Stocks of reputable companies like United Power, Walton, ACI, Renata, British American Tobacco, and Grameenphone dropped substantially, while lesser-known companies such as Bangladesh Monospool Paper Manufacturing, Taufika Foods and Lovello Ice-Cream, Paper Processing, and Khan Brothers PP Woven Bag experienced considerable increases in value.