Bangladesh sets up $700m fund to help steady stock market

[Gonjo]

Bangladesh will set up a $700m (£432m) investment fund in a bid to stabilise the country's stock market.

It will be backed by eight state-run financial institutions, according to the Investment Corporation of Bangladesh.

The move is the latest in a series of efforts by the government to try and cut market volatility.

Investors have rioted over the past few months as the Dhaka stock exchange lost more than 40%, or $16bn, in value.

Before the decline, the Dhaka index was one of the best performing in the world.

It rose 80% in 2010, hitting a record high of 8,918.51 on 5 December.

The strong returns prompted millions of Bangladeshis to invest in the stock market.

BBC Online

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I hope, we would find the consistency for some time. Already the market is over valued.

 

[Skies]

If the suspected manipulators would not destroy the market then the govt could use that $700m fund somewhere else. Right? Investing by govt money means criminals will abuse that market again and govt will fund again and again.

The related criminals should be arrested, only fund is not appreciated.

 

[Md Akmal]

If the suspected manipulators would not destroy the market then the govt could use that $700m fund somewhere else. Right? Investing by govt money means criminals will abuse that market again and govt will fund again and again.

The related criminals should be arrested, only fund is not appreciated.

@ It is like cyclic order, "Dood ka dood, pani ka pani".

@ Hi Skies, thank you very much for good news. I am involved in this stock market for the 5 years. I have invested a good amount in this stock market. Ealier I used to thought that I am very clever but God helps me I am confused now !!!!! However, still I am not de-moralised. Getting an oppurtunity just to come out.

@ It remained me a story which I read in class one or two. That famous "Golpo" of Shiyel and "Mochak". The story starts like this, one day a clever "Shiyel" was crossing by the side of the road and it was too hot. Then he saw a big old "Amra Gach"(Banian Tree). So, he decided to take a rest under the tree. Once, he was almost sleeping he heard some sound of "Momachi"(Bee), than he was looking up and down and he saw at the top of the tree under the branch a big, "Mochak". So, by seeing the "Mochak" he was fleeling very greedy and dicided that on the night of "Amabarsha" he would come and teste the "Modhu",(Honey). So, on the day of "Amabarsha", he came alone went up the tree and gave "Chobol" with his leg. The moment he gave a "Chobol" on the "Mochak", all the bees were engry and said, "Rat Dupure Ghorer Vhitur Kere", and started biting the "Sheyel". So, the condition of the "Sheyel" was so bad that he started crying and shouting, "Char nare bhai char, bhul kore bhai eshe chelam amra gacher tule, tai na bole hatai eshe amon gadhao ache". So, my condition is also similar like that.

 

[Skies]

I think, investors should not invest their all money, should keep some money in hand for adjustment in case the price falls, and should keep some money even after reinvestment to balance.

Nowadays, many courses are given to educate the investors by: Stock Bangladesh :: Technical Analysis Course

 

[Gonjo]

Chart analysis is really good to decide. But, market is 99% dominated by the rumor loving people so it charts seldom work.