• Tuesday, Sep 18, 2018
  • Last Update : 08:00 pm

PM: Don’t be influenced by others when investing in share market

  • Published at 01:27 pm September 12th, 2018
Prime Minister Sheikh Hasina
Prime Minister Sheikh Hasina speaks at an event marking the silver jubilee of the Bangladesh Securities and Exchange Commission (BSEC), at Bangabandhu International Conference Centre (BICC), on September 12 Focus Bangla

She said this at an event on Wednesday marking the silver jubilee of the Bangladesh Securities and Exchange Commission

Prime Minister Sheikh Hasina has called upon small investors not to be tempted by others while investing in the capital market, but to make their own decisions after knowing everything about a company.

The Prime Minister said this while speaking at an event marking the silver jubilee of the Bangladesh Securities and Exchange Commission (BSEC), at Bangabandhu International Conference Centre (BICC), on Wednesday, reports UNB.

"You've to take steps after having a clear idea about everything, but don't take any decision after getting influenced by anyone else," she said.

Urging the small investors not to be driven by the lure of profit, she advised: "You have to take your steps with a sense of proportion…no-one will be affected if one is guided by this sense."

The prime minister further added that when investors are affected by their own decisions, they blame the government, but the government has little to do with it.

The prime minister asked the BSEC to continue its role of 'regulator and assistant' in flourishing the capital market to bring more dynamism into it.

"The capital market will be the dependable source for long-term financing to build Bangladesh as developed country," she said.

Terming the capital market as one of the pillars of the financial sector, the premier said the government has continued its support so that the capital market can thrive. 

"As a result, the capital market is now stable," she further said.

She briefly described various steps taken by her government to create a stable, transparent and accountable capital market that put the market into category A.

Regarding the recent inclusion of Chinese consortium as a strategic partner of the Dhaka Stock Exchange, she said this will improve the depth of the country's share market as well as investors, and stakeholders.

Sheikh Hasina asked the BSEC and other capital market-related authorities to play their due role in making the economy even more stable, increasing the contributions of the capital market for financing the mega projects, and ensuring the safety of investors.

She also mentioned about the development of the bond market, the introduction of new diversified products, and small cap board to finance venture capitalists.

Finance Minister AMA Muhith, Financial Institutions Division Secretary Md Asadul Islam, and BSEC Chairman Dr M Khairul Hossain also spoke at the event.