One year after the price fall, there was no positive news in the finance minister's statement which led to all expectations of the investors becoming ashes. As a result, the index and most of the company's share prices have declined in the days leading up to the new year. The capital of Taka 13,124 crore of the investors has disappeared. There is enough remorse among the investors. The new panic is causing more and more capital to be lost.
Investors, brokerage authorities and no one in the government can say whether capital markets will be good. As a result, the capital market has plunged into deep darkness. The grouping that has created over the appointment of new MD of DSE has further worsened crisis in the market.
Market leaders say the Prime Minister must intervene now to stabilize the capital market in the deepening crisis of darkness of confidence and liquidity. The need is to set up reforms and good governance in the capital market, including the Bangladesh Securities and Exchange Commission (BSEC). Otherwise, the country's capital markets will disappear.
On condition of anonymity, a director of the DSE told barta24.com, "Loss only if you invest in the capital market." And the bank's interest rate is high. As a result, the investor is investing in the bank at a lower risk.
He said foreign investors were leaving the market by selling shares of good companies, including Grameenphone, Square Pharma, in a year's bid. Besides, the lock-in shares of the company that came in the IPO were more supplied than the demand for free. And in addition to lowering the share price of bad companies, investors are selling the shares due to panic by reducing the share price of good companies. As a result of the recession, he believes the country's capital markets.
Meanwhile, the DSE Board of Directors presented a proposal containing 11 points to the finance minister, including resolving the stable and liquidity crisis the conflicts between the Grameenphone and BTRC, listing government and multinational companies in the capital market.
The rest are long-term financing arrangements from the capital markets, launching T-bond transactions such as early, reducing tax on DSE and capital market transactions, ensuring transparency of audit reports, enhancing the ability of ICBs and other companies to develop markets, ensuring public-private partnerships. Increasingly, the formation of high-powered coordination committees and loan proposals is special to consider.
But the finance minister did not consider any of these claims logical. So, comfortably, he told the DSE board, "We will consider the logical reasons."
Another director of the DSE said the grouping was created in the capital market. The current finance minister does not like the BSEC's Commissioners and DSE leaders. For this reason, he is not taking any initiative in the capital market. He said if the current BSEC chairman and three commissioners resign then the capital market would turn around.
According to DSE data, in the New Year there were business days in the capital market. Of these, the last four working days have been the major downfall. It reduced the index by 224 points. Most of the company's share price has dropped. The transaction has been on an average of Taka 200. And the investors have lost Taka 13 thousand 124 crore 44 lakh 7 thousand. Meanwhile, the main index of the DSE fell by 53 points on Wednesday. Of the companies being traded, the price of 51 companies while the price of 249went down and price of 51 companies remained unchanged. Similarly, investors of the Chittagong Stock Exchange (CSE) also suffered losses.