The share market of the country,
This December marks the 2-year passing of the stock market crash. To say that the stock market is struggling would be a gross understatement – almost every indicator of stock market performance suggests that.
Every year many organisations and media outlets give awards for great achievements. So we have given ours too. Here they are and not at all in the order of importance. Please feel free to add. This award is based on performance of year 2011 only.
Bangladesh stock market has been in paralysis since December last year. The market continued to fall regardless of the economic fundamentals. The paralysis is the result of alleged massive market manipulation by a handful of well-connected and wealthy individuals.
A number of newspapers recently reported that in the past few days, nationalised commercial banks and financial institutions have been actively buying in the stock market in order to “bring normalcy” to the market.
The rot started many months ago; on Sunday the market finally started crumbling. Between Sunday and Monday, Bangladesh stock market lost more than 15 percent. For a small economy, a loss of wealth of almost $7.5 billion, even on paper, is remarkable. Given the fact that many small investors flocked to the market lured by… Read more »