Stock market will be much better: BSEC chairman

Bangladesh’s stock market will be much better than what it is now, said Professor Shibli Rubaiyat-ul-Islam, chairman of the Bangladesh Securities and Exchange Commission (BSEC).

He made the remarks in a Facebook post on Saturday (July 3).

“Don’t sell your shares by getting panicked. Investors need to understand that there are buyers and demand when they sell shares,” said the BSEC chairman.

“Since there are buyers, why are you selling shares at loss?” he questioned. Selling pressure often drags the index of the market down, he noted.

The BSEC chairman urged the investors to wait a bit more and sell shares at profit prices.

Prof Shibli also said the capital market is a place for long-term investment and every day trading will not bring positive outcomes.

Of the forced-sale for margin-loan borrowers, the BSEC chairman said, “We have increased the margin-loan ratio. So, there is no fear of forced-sale”.

Be patient, the market will be better in the days to come, he concluded.

Like many other countries, Bangladesh’s stock markets have also been behaving positively for the past several months, mainly due to squeezing investment options in other areas, including banks.

Digitalisation and the advantage to ‘trade-from-home’ have encouraged new people into the market in recent months, according to stakeholders.