why will u invest...if you don't understand a,b,c of shares + investment?
Nobody told these morons, dumb....that stock-market is a very risky, unpredictable investment!!!!
Cheers.
To: dahuk@yahoogroups.com; WideMinds@yahoogroups.com; sonarbangladesh@yahoogroups.com; notun_bangladesh@yahoogroups.com; alochona@yahoogroups.com; amra-bangladesi@yahoogroups.com; anis.ahmed@netzero.net; aminul_islam_raj@yahoo.com; abidbahar@yahoo.com; s_ayubi786@yahoo.com; moassghar@yahoo.com; amin_chaudhury@yahoo.com; alapon@yahoogroups.com
From: faruquealamgir@gmail.com
Date: Tue, 11 Jan 2011 18:51:08 +0600
Subject: [ALOCHONA] Re: [Dahuk]: Stocks suffer biggest crash
As reported by the media some foreign stock brokers were involved in the disastrous destruction of Share Market and the government is also doubting.The investors lost 64,000(Sixty Four Thousand) Crores of Taka on one single day if the three other black days included then the amount would rise up to more then 100,000(One hundred thousand) Crore Taka.
To: dahuk@yahoogroups.com; WideMinds@yahoogroups.com; sonarbangladesh@yahoogroups.com; notun_bangladesh@yahoogroups.com; alochona@yahoogroups.com; amra-bangladesi@yahoogroups.com; anis.ahmed@netzero.net; aminul_islam_raj@yahoo.com; abidbahar@yahoo.com; s_ayubi786@yahoo.com; moassghar@yahoo.com; amin_chaudhury@yahoo.com; alapon@yahoogroups.com
From: faruquealamgir@gmail.com
Date: Tue, 11 Jan 2011 18:51:08 +0600
Subject: [ALOCHONA] Re: [Dahuk]: Stocks suffer biggest crash
As reported by the media some foreign stock brokers were involved in the disastrous destruction of Share Market and the government is also doubting.The investors lost 64,000(Sixty Four Thousand) Crores of Taka on one single day if the three other black days included then the amount would rise up to more then 100,000(One hundred thousand) Crore Taka.
Detractors say it the same game of repayment as like 1996 as gratitude to eternal freinds. While the price of stock were rising abnormally in 1996 then PM and Finance Minister (1st Class 1st) boasted that that was due successful handling of economy by BAL league Govt. which is an indicator of economical development of the country. But later they retreated from their chivalrous statement n blamed unknown enemies !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Where the middle class people will go ? The people were forced to go to the Share market since the Govt. withdrew higher rate of interest on Shanchaya Patra n Govt. bonds which were the favoured n safe investment tools of the pensioner, middle and lower income group. Now hundreds of them have become pauper as we saw in TV interview by the affected.By this bungling the rich has become more filthy rich n the poor is left to starve. But there are some insane and unsound chamchas who will start beating the drum that this is not disaster but indicator of economic elevation of ..
Faruque Alamgir
On Mon, Jan 10, 2011 at 11:41 AM, Isha Khan <bd_mailer@yahoo.com> wrote:
The General Index of Dhaka Stock Exchange nosedived by 600 points or 7.75 percent to 7,135 at the end of yesterday's four-hour trading.
The fall prompted Prime Minister Sheikh Hasina to ask the authorities concerned to find out the reasons behind the market instability.
The directive came at a weekly cabinet meeting at the Bangladesh Secretariat with Hasina in the chair.
"The prime minister has taken the issue seriously and directed us to look into it," a cabinet minister said after the meeting.
Finance Minister AMA Muhith said efforts are underway to restore confidence to investors and urged them to have patience. The SEC has taken steps to give the most possible support to the investors, he said.
The minister advised new investors to wise up to the price-earnings ratio of a company before putting money in it.
He was briefing journalists at his residence in the capital.
Muhith also warned that the government would not tolerate any vandalism or demonstration on the street over a fall in share prices.
The fall defied all measures by the regulator that either lifted or relaxed restrictions to boost the volatile market, which slumped for the fifth consecutive day yesterday.
The Securities and Exchange Commission (SEC) announced in the morning that it had withdrawn the restriction on single-client credit exposure that previously allowed an investor to receive highest Tk 10 crore loan.
The SEC also relaxed margin loan criteria for new investors making them eligible for share credit after 15 days, instead of 30 days, from the date of opening BO accounts.
The decisions came at an SEC meeting, with its Chairman Ziaul Haque Khondker in the chair. Officials and merchant bankers of Dhaka and Chittagong stock exchanges were also present.
Anwarul Kabir Bhuiyan, executive director and an SEC spokesperson, told journalists that the SEC also decided to allow Grameenphone shareholders to receive netting facilities from now.
Yesterday's fall in share prices was even greater than the market crash in 1996 when the stocks plunged by highest six percent on a single-day.
Market insiders have blamed the slump on liquidity constraints, a monetary tightening measure by the central bank to curb inflation.
Many investors were caught in a price trap; those who bought shares at high prices were unwilling to sell them at a lower price. Besides, they were not confident enough to put fresh funds in the market that experienced sales pressure on profit taking.
The credit providers could not extend additional loan facility to clients for costly borrowing with institutional investors sitting idle due to expensive liquidity in the money market.
"Although the SEC relaxed and lifted some of its restrictions, they failed to stop the slide in share prices, mainly due to liquidity crisis," said Salahuddin Ahmed Khan, professor of finance at Dhaka University.
Moreover, retail investors withdrew several thousand crore taka to apply for the Mobil-Jamuna IPO, he said.
"It seems the retail investors panicked seeing the constant slump in the market," said Salahuddin, also a former DSE chief executive officer.
With the market remaining volatile from the opening bell, additional police and Rab members were deployed in front of the DSE building to avoid any untoward incident.
A group of investors tried to bring out a procession on the Motijheel street. The law enforcers dispersed them and held an investor.
Rab also detained Monjur Ahmed, special correspondent of Daily Prothom Alo, while he was covering the events at the DSE. He was released 20 minutes later.
Retail investors in Sylhet took to the streets in the afternoon protesting the unusual fall in share prices, reports our Sylhet correspondent.
They brought out two processions from the city's Zindabazar and the RN tower. The protesters paraded the main roads and dispersed at Chouhatta.
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