Monitor and regulate the stock market

Since the declaration of race dividend at Re-Investment Unit (RIU) on August 15, 2016, prices of both Mutual Funds (MF) and stocks have been falling except a few. Those few that have been on the upward trend have been no doubt due to syndication. There is no reason for the price for most of them to rise now. The 400 points loop between 4,300 and 4,700 will continue to remain until Bangladesh Security Exchange Commission (BSEC) primarily and honestly regulate the MFs and other stocks and look into audited financial reports properly, particularly for those who declares stock/RIU dividend. BSEC needs to act immediately to stop allowing MF asset management charge any management fee from the funds when the annual distribution of dividend is less than 10 percent cash.

Many of the speakers on talk shows on stock market seem to have no practical knowledge of investing and monitoring in the stock markets. They never address what exactly needs to be done to make the market worth investing not only for Bangladeshis but also for foreign fund managers.

Luthfe Ali, On e-mail