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Fearful investors are leaving the market due to continuous price decline

by endroar
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Mohammad Rezaul Karim, executive director of capital market regulator Bangladesh Securities and Exchange Commission (BSEC), told Prothom Alo, 'We have requested brokerage houses and merchant banks to reassure investors so that ordinary investors do not get scared and sell shares. Besides, efforts are being made to activate the institutions in investment. Hopefully, the market will turn around very soon.'

Investors are now more concerned about investing in good stocks, say market insiders. Because, the market has become very dependent on shares of manipulation. As a result, while the share price of weak and low-quality companies increases, the price of good shares is abnormally falling.

IPDC Finance was at the top of the price decline in the Dhaka market yesterday. On this day, the share price of the company decreased by about two and a half taka or 19 percent. In the last 15 working days, the share price of the company has decreased by about 10 rupees. A similar situation occurred with the well-established multinational British American Tobacco Bangladesh Company (BATBC). In the last 15 working days, the share price of this company has decreased by Tk 116. The floor price of the company's shares was withdrawn from March 4. Since then, the share price of the company has been continuously falling. Its share price has fallen to its lowest level in two years. Apart from this, shares of good companies like Reneta, Beximco Pharma, Grameenphone, Pubali Bank, BRAC Bank and City Bank fell yesterday.

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