Stock market share in fear of monetary policy Bangladesh Bank is going to announce the new monetary policy on Monday. On its negative impact on Sunday, the stock market has decreased both the price and the transaction.
The country's main stock exchange Dhaka Stock Exchange (DSE), the overall index decreased 71 points or 0.14 percent in one day yesterday. The other index of Chittagong Stock Exchange (CSE), the overall index, declined by 193 points or 1 percent.
According to central bank sources, governor Fazle Kabir will announce the monetary policy for the period January-June. Earlier on behalf of the Bangladesh Bank, it was said that the repository of the money will be drawn in monetary policy. Although the bankers have already officially opposed this decision of the central bank. Banker's Association of Bankers Association of Bangladesh (ABB) said to the Bangladesh Bank that if the collapse of the loan in the election year, there will be problems in the bank sector. After the declaration of monetary policy, it is known whether the loan will be repaired or not.
Meanwhile, the reparation of the loan can be drawn, the biggest drop in the stock market recently in the fear of this poker. Market participants said, there is a slight fear among the investors in front of monetary policy. From this morning, the seller increased in the market than the buyer in the market. And with the sales pressure, the index decreases.
Capitalism analysts and private United International University teacher Mohammad Musa Bazaar have blamed the recent political instability of the country rather than monetary policy for this fall. He said the court has declared the day after the verdict of a corruption-related case filed against BNP chairperson Begum Khaleda Zia, one of the biggest political parties in the country. There has been some uncertainty in the political affairs of this judgment. In this situation, besides the foreign investors, the institutional investors are somewhat hesitant. So they have kept themselves somewhat short of investing in the market. He is associated with monetary policy.
Mohammad Musa further said, in advance, the rate of deposits in the bank sector increased a bit. That means the interest rates in the future will also increase. Not only good news for the increased share market interest rates of bank deposits. In this, if the monetary policy is repaired, the banks will be more active in collecting deposits. In all, there is a kind of unrest in the market. The negative impact which has been in the index and trading
Former president of Bangladesh Merchant Bankers Association (BMBA) Mohammad A Hafeez said in the first light, a group of people in front of monetary policy has been spreading panic in the market. The general investors panicked in the panic and sold their shares. This has led to a major downturn in the market. After the monetary policy announcement, the market will return to its usual rhythm. But in front of this monetary policy, a group bought shares at lower prices due to the downturn in the market.
The top-level brokerage house of LankaBangla Securities report said that the rate of revenue of the Dhaka market has declined by more than 1 percent due to yesterday's downturn. At the end of the day, it has decreased to 16 at 82. Telecom sector turnover is the worst-hit of the sector-wide transaction. Yesterday, the combined turnover of two companies of this sector was around 14 crore, which is 52 percent less than the previous working day. And the sector-based transaction has increased in the electricity-fuel sector. The combined turnover of 18 companies of the sector was around 35 crore, which is 72 percent more than the previous working day.
According to the report of the LankaBangla Securities report, the engineering sector was dominated by the engineering sector in Dhaka market yesterday. 18 percent of the total turnover of DSE was in this sector. The second position was in the bank sector. 16 percent of the total turnover of DSE was in this sector.
At the end of the first working day of the week, the DSEX index decreased to 6 thousand 145 points. At the end of the day, the number of transactions in the Dhaka market was Tk 359 crore, which is less than 54 crores less than the previous working day. At the end of the day, the number of transactions in the Chittagong market was 27 crore, which is 9 crores less than the previous working day.