Stakeholders at a meeting on Monday with the Bangladesh Securities and Exchange Commission said that the regulatory body should put more focus on governance in the capital market.
The meeting was organised by the BSEC at its head office in the capital on the day amid prolonged bearish trend on the stock market.
The current condition of the country鈥檚 capital market, challenges and other related issues were discussed in the meeting.
Saiful Islam, president of the DSE Brokers Association of Bangladesh, told 抖阴精品 that the stockbrokers present at the meeting discussed three key demands 鈥� listing of quality companies, revising margin policy and ensuring good governance in the market.
鈥榃e have requested the BSEC to revise the existing margin policy, as it triggers the selling pressures too soon when the price of a share falls down even just a little bit,鈥� he said.
He said that with many poor quality stocks listed on the market, the situation of the market could not be improved.
鈥楾he BSEC should keep an eye on the stock market when share prices of companies jump so that manipulation can be prevented,鈥� he said.
Good governance is essential for gaining investors鈥� confidence regarding the capital market, he added.
BSEC commissioner Shaikh Shamsuddin Ahmed told 抖阴精品 that they discussed injecting funds in the capital market from the capital market stabilisation fund.
鈥榃e have discussed the current situation of the market. It was brought up in the meeting that the governance on the market needed to be improved so investors do not take any hasty decision being panicked or influenced,鈥� he said.
He also said that the regulatory commission and the stakeholders discussed how the number of the listed companies could be increased.
鈥榃e are observing the market continuously. I think the situation will improve soon with the joint effort of all the parties concerned,鈥� he added.
