Capital market must be protected from rumours: Chairman of the BMBA

| Updated:
Aug 27, 2022 10:52:47 a.m.

The capital market must be protected from rumors as the stock market is affected by misleading information, Bangladesh Merchant Bankers Association of Bangladesh (BMBA) President Md Sayadur Rahman said on Wednesday.

“The capital market is a very sensitive place. A small mistake here can lead to huge losses for investors. This is why, before writing a report, it is advisable to cross-check the relevant question. So investors can get the right information,” Rahman said.

He was speaking as a keynote speaker at a workshop titled “Technical Analysis in the Capital Market” held today in the auditorium of the Capital Market Journalists Forum (CMJF).

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

Mr Rahman said most people had a formal education. However, some technical issues in the capital market should be learned from experts or organizations for better understanding.

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

He said the capital market will fluctuate, which is a very common problem. The capital markets of all countries of the world also experience ups and downs.

“Investors shouldn’t be afraid because of stock market fluctuations,” he said.

Major Syed Golam Wadud (Retired), Director of Sharp Securities, led the workshop as a resource person and discussed details on the technicalities of the capital market.

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

Ziaur Rahman, President of the CMJF chaired the workshop, while Abou Ali, Secretary General, former presidents of the organization Hasan Imam Rubel and Touhidul Islam Mintu, former Secretary General Md Munir Hossain, Deputy Secretary General Giash Uddin, Secretary for finances Niaz Mahmud Sohel, attended the workshop among others.

About fifty participants took part in the workshop.

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