Bourses caught in a slump

Golam Mowla
Published : 07:30, Jan 13, 2020 | Updated : 17:53, Jan 13, 2020

FILE PHOTO/Mehedi HasanBourses of the country are still in doldrums and in the last week, price index has seen a decline. The average transaction has been less than Tk 3 billion. The share transaction in 2020 has begun with a slump and investors are desolate.
Share market information says that due to gradual fall, investors have lost Tk 170 billion.
The DSE price index has fallen by 6 percent. Speaking on the fall, former adviser to the caretaker government, Dr AB Mirza Azizul Islam said: “This has happened since investors have lost trust on the market.”
Market will stabilize when investor confidence comes back. Due to gradual fall of the market, small investors have come on the road.
DSE shareholder Director Md Rakibur Rahman said: “To bring the share market to the right path, the Bangladesh Securities and Exchange Commission (BSEC) has to play a solid role.”
At this moment, companies like Grameenphone should be brought to the market, he suggested.
At the end of last week, the capital at the DSE was Tk 3236.5 billion which was Tk 3408.11 billion the week before.
In the transactions of the last week, price rose for shares of only 34 institutes while it fell for 310 bodies.
To revive the sinking capital market, the government has formed a five member committee with additional secretary of the finance division of the finance ministry, Maksura Noor, as the coordinator. The committee members are one executive director of Bangladesh Bank, one executive director of BCES and one MD of Investment Corporation of Bangladesh (ICB).
Deputy Secretary Nahid Hossain will act as the member secretary of the committee.
The committee has been formed to discuss the recommendations made with Planning Minister AHM Mustafa Kamal.