Institutional investors need to behave responsibly
It is normal to go up and down in the stock market. Investors need to be patient. We have to hold on to our resources with patience. This is not just for ordinary investors, institutional investors need to behave responsibly, said the regulator, Bangladesh Securities and Exchange Commission (BSEC) Commissioner Prof. Sheikh Samsuddin Ahmed.
He was speaking to reporters on Monday (October 25th) about the current market situation.
He said that when the market grew day by day, there was no talk. When the market is correcting for a few days, the fear increases. Again, when the market is constantly rising, the fear decreases. This is normal, it could happen. Investors need to be patient.
Sheikh Shamsuddin said institutional investors should make the market more supportive. Because at the end of the day their mobmate affects. In that case, they should buy and sell more judiciously. Then it will be good for them and for the market. They also see in some cases that there is quite a rush. Even if they don’t, I don’t think they will have much of a problem. They are institutional investors. There is no reason for them to be so restless.
The commissioner of BSEC said that no matter what the organization is, if it does wrong, it has to be held accountable. If I do wrong, I have to answer for it. This is a straightforward calculation.
“We do a lot of things like that but see that we’ve given 52 trek permissions in the last year and a half,” he said. I gave the reason, because people can invest more here.
“We are setting up a monitoring cell for the rumors,” he added. In fact, everything is overtime, now and then if there is a correction in the market or if someone here wants to sell some shares, they can do it. And there are some responsibilities that are neglected, it takes time to identify the responsibilities and solve them. We are looking at the negligence of responsibility and it is being resolved.