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Rumors have negative impact on capital market: BMBA president

Staff Correspondent
25 Aug 2022 00:00:00 | Update: 25 Aug 2022 00:10:07
Rumors have negative impact on capital market: BMBA president
BMBA president speaks as chief guest at a workshop titled “Technical Analysis on Capital Market” held at the auditorium of Capital Market Journalists’ Forum (CMJF) on Wednesday – Courtesy Photo

The capital market must be protected from rumors as the stock market is much affected by them, Md. Sayadur Rahman, president of the Bangladesh Merchant Bankers’ Association of Bangladesh (BMBA), said.

“The capital market is a very sensitive place. A tiny mistake may bring huge losses for the investors. For this reason, before writing a report, one should cross-check the relevant issue. So that investors can get the right information,” said Sayadur.

He was speaking as chief guest at a workshop titled “Technical Analysis on Capital Market” held at the auditorium of Capital Market Journalists’ Forum (CMJF) on Wednesday.

Journalists can play a pivotal role in providing accurate information to investors.

Some 50 participants took part in the workshop.

Ziaur Rahman, presided over the workshop while Abu Ali, general secretary, former presidents of the organistaion Hasan Imam Rubel and Touhidul Islam Mintu, former general secretary Md Munir Hossain, joint general secretary Giash Uddin, Finance Secretary Niaz Mahmud Sohel, attended the workshop among others.

Sayadur said most people have a formal education. However, there are some technical issues in the capital market that need to be learned from the concerned person or organization for better understanding.

“If we can learn these technical issues related to the capital market, the country’s capital market will benefit a lot,” he said.

He said that the capital markets will fluctuate, which is a very common issue. The capital markets of all countries in the world fluctuate as well.

“Investors should not be afraid due to stock market fluctuations,” he said.

Major Syed Golam Wadud (Retd.), a director of Sharp Securities, conducted the workshop as a resource person and talked about details on the technical aspects of the capital market.

“Journalists need to know themselves before giving the right information to the readers,” said Wadud, adding that “We have to learn the technical issue of the stock market”. 

 

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