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Finance adviser seeks 3 months to reduce inflation

by fstcap
written by fstcap

Further steps would be taken to stabilise the prices of essential commodities during Ramadan, said Salehuddin Ahmed

It will take another two to three months for inflation to decrease as government measures take effect, Finance Adviser Salehuddin Ahmed said today (4 February).

Acknowledging that high inflation is causing difficulties, he said several initiatives have already been implemented to address the issue.

He made these remarks while speaking to journalists after a meeting of the Cabinet Committee on Government Purchases at the Secretariat.

The adviser also stated that further steps would be taken to stabilise the prices of essential commodities during Ramadan.

The government expects these measures to help bring average inflation down to 6%–7% by June.

According to data from the Bangladesh Bureau of Statistics (BBS), monthly overall inflation has remained above 9% for over two and a half years.

In December, overall inflation stood at 10.89%, while food inflation was recorded at 12.92%. Food inflation had peaked at 14.10% in July.    https://www.tbsnews.net

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FinanceNational

January inflation slips below double-digit level to 9.94pc

by fstcap
written by fstcap

Overall inflation dropped to 9.94 per cent in January as cheaper winter vegetables tamed its rate but food inflation yet stayed high pushed by pricey staples.

A decline of approximately 1.0-percentage point from the December rate took the overall inflation down double-digit level last month, Bangladesh Bureau of Statistics (BBS) revealed Tuesday.

This happens to be the first time in three months that inflation edged down to a single-digit level. The last time it was below 10 per cent was in September when it stood at 9.92 percent, according to data produced by the national statistical organisation.

The decline in inflation was primarily driven by falling vegetable prices, which contributed most to the lower January inflation rate.

However, food inflation remained high in both rural and urban areas, exceeding 10 per cent, as the market of staples stayed wayward. In January, urban food inflation stood at 10.95 per cent while rural food inflation was recorded at 10.18 per cent.

The 12-month moving average inflation rate remained above 10 per cent at 10.34 per cent, unchanged from December.

A growing concern is the steady increase in non-food or core inflation in both rural and urban areas.

Officials at the central bank, which is implementing a tight monetary policy to curb inflationary pressures on the economy, said the prices of staples and edible oils remained high in retailing. Without these hikers, the overall inflation rate could have been lower.

They hold the hope that the downtrend in inflation would continue in the months ahead. Meanwhile, Finance Adviser Dr Salehuddin Ahmed takes until June

for inflation moderation to 6.0-7.0 per cent. Speaking to reporters the same day, he said Bangladesh’s economic situation was worse than Sri Lankan’s for wanton plunder here, which made it hard for the interim government to put things in order.

Economists attribute the rise in non-food inflation mainly to price increases in the clothing and housing categories.

“All other components of non-food inflation have declined. It seems the exchange-rate depreciation in December, which persisted into January, may have been a key factor,” says Dr Zahid Hussain, former lead economist at the World Bank Dhaka office.

The drop in food inflation is largely due to improved supply conditions in winter, with many vegetables selling cheaper than cost price on abundant supply.

“The decline appears smaller than expected based on historical seasonal patterns,” the economist recalls. He emphasises that the message for monetary policy is clear: “Maintain the tight stance.”

The Bangladesh Bank is set to unveil its half-yearly monetary policy on February 10 for the rest of the financial year.

However, he admits that the decline in inflation would be a “huge relief” for households, especially those with limited incomes, for example, clothing workers.

He feels the stubbornness of food inflation needs grinding down immediately.

Dr Masrur Reaz, chairman and CEO of Policy Exchange Bangladesh, says the inflation decline as good news but cautions that food inflation remains high and continues to affect low-income people.

He suggests the central bank “should maintain its tight monetary stance as global prices for key commodities, including rice, remained elevated in December compared to November”.    https://today.thefinancialexpress.com.bd

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Tk101cr loss in H1: What pushes Bashundhara Paper into the red?

by fstcap
written by fstcap

According to its reports, in the first half of the current fiscal year (July to December), its production costs increased by around 8% due to rising gas and electricity prices, while finance costs for loans surged by 108% to Tk155.92 crore

Bashundhara Paper Mills, one of the major players in the paper industry and the leader in the tissue market, has suffered a significant setback in the first half of the current fiscal year, slipping into the red with a Tk101 crore loss.

Once a consistently profitable paper and tissue products maker of Bashundhara Group, the paper mills has now found itself in hot water due to rising costs in utilities, procuring raw materials, and financial expenses from higher interest rates, all of which have contributed to lower sales.

According to its reports, in the first half of the current fiscal year (July to December), its production costs increased by around 8% due to rising gas and electricity prices, while finance costs for loans surged by 108% to Tk155.92 crore.

It owed Tk1,796.79 crore in long-term loans to several banks.

Meanwhile, its revenue fell by 40% in H1 compared to the same period of the previous fiscal year.

In the first half of FY25, its revenue declined to Tk410.47 crore, and it incurred a loss of Tk101.48 crore.

 

In the entire fiscal year of FY24, the paper firm made Tk1,315 crore as revenue and posted a profit of Tk19.15 crore.

In its unaudited report for the half-year, the paper firm explained, “We have been severely affected by external economic variables like the increase in the exchange rate of the foreign currency, the price hike of raw materials, import restrictions, reluctance to open letters of credit (LC) by the bank, the increase in bank interest rates from 9% to 14.50%, and the availability of the US dollar.”

 

“Due to unavoidable political and economic circumstances, we were not able to open LCs for raw materials, which led to a huge loss in business,” it said.

 

“Negative developments in trade policy or global trade—including sanctions, import duties, and other trade restrictions between countries—could directly or indirectly affect sourcing inventory products and the company’s profitability,” it added.

It also said, “Significant or unforeseen fluctuations in the prices of other important production inputs such as energy and chemicals, and problems related to their availability, could erode profitability and threaten business continuity.”

 

“An unprecedented government-ordered nationwide internet and mobile connectivity blackout blocked social media, blocked raids, and several days of general holidays, shut down and closed educational institutions, which led to the economy as well as the business coming to a sudden stop,” it said.

“As a result, revenue has decreased by 40.11% for the year 2024-2025 from the same year of 2023-2024,” it added.

“While due to the economic and political variability, sales decreased by Tk274.95 crore during the July to December quarter of the year 2024-2025 from the same period of fiscal 2023-2024,” it concluded.    https://www.tbsnews.net

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FinanceNational

Shares of Beximco Pharma, Shinepukur fall after govt announces sale

by fstcap
written by fstcap

Beximco Pharma posts 28% profit growth in Q2

Shares of Beximco Pharmaceuticals and Shinepukur Ceramics, two concerns of the troubled Beximco Group, declined in early trade today after the interim government decided to sell shares of the profitable concerns to pay salaries of employees of 13 laid-off companies owned by the conglomerate.

The government yesterday said the Bangladesh Securities and Exchange Commission and the Financial Institutions Division would take steps to sell the shares to clear up to Tk 550 crore in dues for the employees of the shuttered factories.

Officials of the two organisations and several banks are scheduled to meet on February 2 to discuss the sale of Beximco Pharma and Shinepukur Ceramics shares.

Shinepukur Ceramics lost 5 percent to Tk 11.40 as of 10:48 am on the Dhaka Stock Exchange (DSE).

Beximco Pharma, one of the leading drug makers in Bangladesh, fell 1.44 percent to Tk 75.5 as of 11:06 am on the DSE, despite posting a 28 percent year-on-year increase in profit in the October-December quarter of 2024.

The company reported a profit of Tk 184.31 crore in the second quarter, up from Tk 144.07 crore a year ago, according to its financial statement published today.

Earnings per share rose to Tk 4.1 during the October-December quarter from Tk 3.21 in the same period of 2023.

Shares of Beximco, however, remained unchanged at Tk 110.10 as of 10:56 am on the DSE.

The company reported a loss per share of Tk 2.58 in October-December of FY25, compared to a profit of Tk 0.82 per share in the same period a year ago.

In a disclosure to the DSE, Beximco said its production was nearly halted during the period due to a lack of banking facilities.

“No banks opened any letters of credit since August 2024. Moreover, stocks of fabrics and yarns, which could not be used, had to be sold below cost price as garment factories were also shut down,” the company said.

“This resulted in the company posting a negative EPS compared to the corresponding period last year,” it added.    https://www.thedailystar.net

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FinanceIndustry NewsStock Market

Marico’s profit soars 27pc on higher revenue, finance income

by fstcap
written by fstcap

Multinational company Marico Bangladesh registered a 27 per cent year-on-year growth in profit in the third quarter through December last year, driven by increased revenue and finance income.

The company’s income grew almost at the same pace in the nine months through December last year, compared to the same period the year before.

“The company’s top line growth — revenue growth — was significantly high, compared to many local companies,” said Md. Moniruzzaman, managing director of Prime Bank Securities.

Marico witnessed a 20 per cent year-in-year growth in revenue to Tk 4.04 billion in Q3. The growth is significant for a listed company against the backdrop of the sluggish economy; many local companies are struggling to survive.

Meanwhile, Marico declared 440 per cent interim cash dividends, based on the audited financial statements for the nine-month period ended in December last year. Shareholders will get Tk 44 per share against the face value of Tk 10 per share.

Marico saw its finance income jump 23 per cent year-on-year during the third quarter through December, supporting its bottom line growth.

Moniruzzaman said the company’s cash funds might have been injected into fixed-income securities, such as Treasury bonds that ensured good returns during the quarter.

Marico’s other income was also up 39 per cent year-on-year in Q3 to December last year.

EPS (earnings per share) rose to Tk 44.34 in Oct-Dec, increased from Tk 34.93 in the same period of the previous year.

Marico reported a 27.51 per cent growth in profit year-on-year to Tk 4.58 billion in the nine months to December last year.

During the period, revenue grew 12 per cent, while finance income and other income experienced a growth of 66 per cent and 7.59 per cent respectively.

A decline has been observed in the operating cash flow reported for the nine months to December 2024, which was due to higher payment to suppliers compared to the previous year.

Marico reported NOCFPS (net operating cash flow per share) of Tk 88.35 for April-December, 2024, down from Tk 143.15 reported for the same period a year earlier.

It reported NAVPS (net asset value per share) of Tk 241.29 as of December last year whereas the value was Tk 228.07 at the end of 2023.

Marico has persistently been on a growth trajectory even after the outbreak of Covid 19 in 2020. It reported a profit of Tk 2.64 billion in 2020. It grew exponentially for five years to gain a profit of Tk 4.60 billion in 2024.    today.thefinancialexpress.com.

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BankingFeaturedFinance

Non-residents can now invest up to Tk1m without Bangladesh Bank approval

by fstcap
written by fstcap

Non-residents will no longer have to secure the Bangladesh Bank’s approval to invest up to Tk1 million ($8,201) in any public or private institutions within the country, except for the capital market listed ones.

The Bangladesh Bank, in a circular issued today, instructed all authorised dealer banks to comply with it.

Officials at the central bank say the exemption is to facilitate small foreign investments. However, investments above Tk10 lakh must secure approval from the Bangladesh Bank.

However, in the case of an investment below Tk1 million by a foreign investor in a Bangladeshi company in exchange for shares, the assistant directors (ADs) of the Bangladesh Bank will check the necessary documents.

Although the central bank’s approval is not mandatory in this regard, the relevant bank will keep a copy of the client’s (investor) application, and send it to the central bank and the client in a prescribed format, says the circular.

Shares can be issued against foreign exchange brought in from abroad only through the banking channel before the issuance.

ADs will ensure from relevant documents that the purpose of the foreign exchange, or remittance, is an equity investment, under which banks and clients will preserve encashment certificates, the circular adds.

In addition, the resident’s status of the shareholders and source country of funds shall be ensured from relevant documents. “If shares are issued against imported capital machinery, the bank shall forward the application to the Bangladesh Bank.”

This move by Bangladesh Bank to streamline foreign direct investment (FDI) approvals for smaller investments comes at a crucial time, as the country’s net FDI inflow during the first quarter of fiscal 2024-25 plummeted to an 11-year low of $104 million.

The decline was attributed to factors such as political instability and economic uncertainty centring the student-led mass upsurge and subsequent fall of the Sheikh Hasina-led government during the period.

Data from the central bank say the net FDI inflow in the same quarter of FY24 was $361 million, meaning it decreased by 71% compared to the previous fiscal year.    https://www.tbsnews.net

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BankingFinanceNational

Govt’s borrowing from banks rises to Tk 16,000cr so far this fiscal year

by fstcap
written by fstcap

The government’s net bank borrowing has risen sharply due to lacklustre tax collection, slow private sector credit growth and the overall economic slowdown since the political changeover in August last year.

Net bank borrowing is calculated based on the amount that the government has taken from banks subtracted by that repaid to Bangladesh Bank.

Until January 22 of FY25, net bank borrowing by the government stood at Tk 15,759 crore, up from a balance of negative Tk 778.30 crore during the same period of the previous fiscal year, as per the latest data from the Bangladesh Bank.

However, the government’s borrowing from commercial banks rose at a slow pace when compared to the target for FY25, which was set at Tk 137,500 crore.

Central bank data illustrated that the government borrowed heavily from commercial banks, taking out around Tk 74,420 crore until January 22.

In the same period, it repaid a little over Tk 58,661 crore to the central bank.

The government generally borrows from the banking system through treasury bills and bonds.

Yet, until FY24, the government borrowed directly from the central bank. However, that facility was suspended by the central bank after economists and insiders criticised the move, saying it was fuelling inflation.

Seeking anonymity, a senior central bank official told The Daily Star that the government had no option but to borrow heavily from commercial banks as the central bank had suspended lending.

He added that the private sector is not interested in taking loans now due to high interest rates and political uncertainty.

This is demonstrated by a slowdown in private sector credit growth, which decelerated to 7.66 percent in November last year, the lowest since May 2021, when it was 7.55 percent, BB data showed.

As a result of the private sector’s reluctance to borrow, banks have more funds on hand and are very interested to invest in government treasury bills and bonds.

The government has a huge demand for money, which is urgently required, said Fahmida Khatun, executive director at the Centre for Policy Dialogue.

Most public projects are stagnating now, so global donor agencies are not releasing funds, she said, adding that the government’s revenue collection had not reached the expected levels due to the disruption of business activities centring the ‘July uprising’, when a mass uprising overthrew the Awami League government.

However, the economist added that the private sector would not be affected by heightened government bank borrowing since there is little demand for loans among private enterprises at the moment.

A chief executive of a private commercial bank said the government has been unable to collect as much revenue as it had targeted while the inflow of foreign funds has also slowed, compelling it to borrow from the banking sector.

Ashikur Rahman, a senior economist at the Policy Research Institute of Bangladesh, said net borrowing from the banking sector increased due to dismal revenue mobilisation since FY24.

Even worse, during the July-December period of FY25, the National Board of Revenue collected Tk 156,442 crore, which reflected a 0.98 percent year-on-year decline.

This has only served to increase the government’s dependence on saving certificates and the banking sector as it looks for sources of funds.    https://www.thedailystar.net

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BankingFinance

S&P rates BRAC Bank as the best in Bangladesh

by fstcap
written by fstcap

BRAC Bank has once again secured a ‘B+’ credit rating with a ‘Stable’ outlook, as affirmed by the world’s leading credit rating agency, S&P Global Ratings.

Despite challenges in the banking sector, the US-based S&P Global Ratings has kept confidence on BRAC Bank maintaining a solid ‘B+’ rating with a ‘Stable’ Outlook. This is equivalent to the sovereign rating of Bangladesh and the highest among the banks S&P rates in Bangladesh, reads a press release.

A statement from S&P regarding BRAC Bank elucidated, “BRAC Bank has been able to establish a good branch network and online presence. The bank’s access to retail remittances and export-oriented clients will help it navigate the challenges arising from Bangladesh’s weak external position. We believe the bank will maintain its satisfactory franchise, particularly in the SME and retail segments in the underpenetrated Bangladeshi market. BRAC Bank also benefits from above-industry-average asset quality.”

“The stable outlook on BRAC Bank reflects our view that the bank should be able to steadily navigate the challenging operating conditions in Bangladesh and maintain its financial profile over the next 12-18 months,” S&P added.

Commenting on the credit rating from the world’s most prominent agency, Selim RF Hussain, managing director and CEO of BRAC Bank, said, “This distinction is a recognition of our unwavering commitment to enhancing our capital base, asset quality, governance, and liquidity positioning. This top-notch rating from an internationally acclaimed agency would bode well for the country’s banking sector and elevate the reputation of Bangladesh on the world stage.”

He added, “On this momentous occasion, our heartfelt gratitude goes out to our customers, shareholders, investors, team members, regulators, board members, and all stakeholders. Their steadfast trust and support have been instrumental in crafting our legacy.”

In addition to S&P, BRAC Bank is also the highest rated bank in Bangladesh by CRAB (AAA) and Moody’s (B2).    https://www.tbsnews.net

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FinanceIndustry News

National Tea sinks in the red, with acute fund shortage

by fstcap
written by fstcap

The troubled National Tea Company (NTC) experienced losses of Tk 700 million in FY24, the fifth year in a row that it remains in the red, amid an acute shortage of working capital and a rise in production cost.

This time the loss exceeded that of the previous years.

The company’s production remained closed for 51 days in FY24 as workers continued unrest demanding wages.

As a result, the NTC’s turnover declined to Tk 750 million in FY24 from Tk 958 million the year before.

It experienced a loss in FY20 for the first time. Since then, it remained in the red.

The board of directors has not recommended any dividend for FY24 as for the previous four years.

The NTC experienced a steep decline in the operating cash flow following a decrease in sales and collection.

The net operating cash flow per share (NOCFPS) was Tk 126.18 in the negative for the year ended in June last year, worsened from Tk 96.24 in the negative a year ago.

Meanwhile, the company’s liabilities exceeded its assets by Tk 318 million in FY23.

The NTC has been running operations on a limited scale, with loans taken from Krishi Bank.

The company sought a loan of Tk 460 million from Krishi Bank in October last year and the bank so far disbursed Tk 110 million in two installments.

Insiders said the auction price of processed tea remained almost the same over the last one decade while the production costs increased significantly during the time.

Presently, the auction price of processed tea is above Tk 180 a kilogram while production cost is Tk 230 a kilogram.

The company has been failing to get a better price of its product as its old machinery is unable to ensure quality.

Sufficient capital is required to meet the needs of working capital and modern machinery.

Representatives of the NTC’s board said it would not be possible to revive the company without a complete overhaul and funds.

That possibility looks slim as previous moves to raise capital are hanging in the absence of any strong initiative from the government.

The Bangladesh Securities and Exchange Commission (BSEC) had allowed the company to raise a capital worth around Tk 2.80 billion by issuing placement shares to the existing shareholders.

Of the government entities, the Investment Corporation of Bangladesh (ICB) is a major shareholder of the company. It is in doubt over whether to invest in a company that is sinking, said ICB Managing Director Md. Abul Hossain.

The Corporation has sought an opinion from the Ministry of Finance regarding further investment in the NTC.

Meanwhile, the stock of the NTC experienced a steep fall since September last year and closed at Tk 190.30 per share on the Dhaka bourse on Sunday.    https://thefinancialexpress.com.bd/stock

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FeaturedFinanceStock Market

তলানিতে বিভিন্ন শেয়ারের দাম

by fstcap
written by fstcap

শেয়ারবাজার গতিহীন হয়ে পড়েছে। তলানিতে এসেছে বিভিন্ন কোম্পানির শেয়ারের দাম। ৫ আগস্টের পর দেশের অর্থনীতির অন্যান্য খাতে ইতিবাচক পরিবর্তন এলেও ব্যতিক্রম শুধু শেয়ারবাজার। বৃদ্ধি নয়, কমছে মূল্যসূচক ও বাজারমূলধন। কমছে তারল্য প্রবাহ। সাড়ে ৫ মাসে ঢাকা স্টক এক্সচেঞ্জের (ডিএসই) মূল্যসূচক ৮৫০ পয়েন্ট কমেছে। এতে ডিএসইর বাজারমূলধন কমেছে ৫৩ হাজার কোটি টাকা। বিপরীতে কিছু দুর্বল কোম্পানির শেয়ারের দাম অস্বাভাবিকভাবে বাড়ছে। সবকিছু মিলে শেয়ারবাজার গভীর খাদের কিনারায়। সংশ্লিষ্টরা বলছেন, বাজারের এ অবস্থার পেছনে বাংলাদেশ সিকিউরিটিজ অ্যান্ড এক্সচেঞ্জ কমিশনের (বিএসইসি) নেতৃত্বের দুর্বলতা দায়ী। এ অবস্থায় ৭ জানুয়ারি বাজারসংশ্লিষ্টদের সঙ্গে বৈঠক করেন অর্থ উপদেষ্টা। কিন্তু পরিস্থিতির কোনো উন্নতি হয়নি।

এদিকে বাজার পরিস্থিতি নিয়ে সব পক্ষের সঙ্গে কথা বলেছে যুগান্তর। সেখানে বেশকিছু তথ্য উঠে এসেছে। সংশ্লিষ্টরা বলছেন, দীর্ঘদিন পুঁজিবাজারে দুটি শব্দ খুব পরিচিত। একটি হলো আস্থার সংকট এবং অপরটি নিয়ন্ত্রক সংস্থাসহ অংশীজনদের মধ্যে সমন্বয়হীনতা। কিন্তু ৫ আগস্টের পর আরও দুটি শব্দ যোগ হয়েছে। তা হলো বৈষম্য ও সংস্কার। কিন্তু অন্যান্য খাতে সংস্কারের উদ্যোগ নেওয়া হলেও এখানে সংস্কারের ছোঁয়া লাগেনি এখনো।

প্রাপ্ত তথ্য অনুসারে, ৫ আগস্ট দেশের রাজনৈতিক অবস্থার পরিবর্তন হলে পরপর কয়েকদিন ইতিবাচক হয় বাজার। তবে তা ধরে রাখা যায়নি। এ সময়ে বিএসইসিতে পরিবর্তন আসে। একজনকে চেয়ারম্যান নিয়োগ দিয়ে পরের দিন আবার পরিবর্তন করা হয়। পরবর্তী সময়ে বর্তমান কমিশনকে নিয়োগ দেওয়া হয়েছে। কিন্তু তারা একেবারেই অনভিজ্ঞ। বাজারের ব্যাপারে তাদের কোনো ধারণা নেই। নতুন উদ্ভাবন দূরের কথা, অনেক পরিভাষাই তারা বুঝেন না। এছাড়াও নতুন কমিশনের বেশকিছু সিদ্ধান্ত ছিল বিতর্কিত। স্টক এক্সচেঞ্জের পর্ষদ গঠনসহ বেশকিছু সিদ্ধান্ত বাজারে ব্যাপক বিতর্ক তৈরি করে। বিষয়টি বাজারসংশ্লিষ্টরা ভালোভাবে নেননি।

গত বছরের ১১ আগস্ট ডিএসইর মূল্যসূচক ছিল ৬ হাজার ১৫ পয়েন্ট। বৃহস্পতিবার পর্যন্ত তা কমে ৫ হাজার ১৬৬ পয়েন্টে নেমে এসেছে। এ হিসাবে ৫ মাসে সূচক ৮৫০ পয়েন্ট কমেছে। ওই সময়ে গড় লেনদেন ছিল ৭০০ কোটি টাকা। কিন্তু বর্তমানে তা ৩০০ কোটি টাকার নিচে নেমে এসেছে। ১১ আগস্ট ডিএসইর বাজারমূলধন ছিল ৭ লাখ ১৩ হাজার কোটি টাকা। বর্তমানে তা কমে ৬ লাখ ৬০ হাজার কোটি টাকায় নেমে এসেছে। অর্থাৎ আলোচ্য সময়ে বাজারমূলধন ৫৩ হাজার কোটি টাকা কমেছে। মৌল ভিত্তিসম্পন্ন বেশির ভাগ কোম্পানির শেয়ারের দাম নিম্নমুখী। তবে বিএসইসি বলছে ভিন্নকথা। যারা আগে বাজারে কারসাজি করেছিল, তাদের বেশকিছু লোকের ব্যাপারে বিএসইসি ব্যবস্থা নিচ্ছে। ফলে ওই চক্রটি বাজারে পরিকল্পিতভাবে পতন ঘটাচ্ছে।

এদিকে সরকার গঠিত শ্বেতপত্র কমিটির রিপোর্টে উল্লেখ করা হয়েছে, গত ১৫ বছরে শেয়ারবাজার থেকে ১ লাখ কোটি টাকা আত্মসাৎ হয়েছে। জালিয়াতি, কারসাজি এবং ভুয়া কোম্পানি তালিকাভুক্তির মাধ্যমে নেওয়া হয়েছে এ টাকা। এক্ষেত্রে আর্থিক খাতের প্রভাবশালী উদ্যোক্তা গোষ্ঠী, ইস্যু ম্যানেজার, নিরীক্ষক ও বিনিয়োগকারীদের মধ্যে কারসাজির চক্র গড়ে ওঠে। বিএসইসি এ ব্যাপারে তাদের দায়িত্ব পালন এবং বিনিয়োগকারীদের স্বার্থরক্ষায় ব্যর্থ হয়েছে। অর্থনীতির অবস্থা মূল্যায়নে গঠিত শ্বেতপত্র প্রণয়ন কমিটির প্রতিবেদনে এসব তথ্য উঠে এসেছে।

জানতে চাইলে সাবেক তত্ত্বাবধায়ক সরকারের অর্থ উপদেষ্টা ড. এবি মির্জ্জা আজিজুল ইসলাম বলেন, বাজারের মূল সমস্যা বিনিয়োগকারীদের আস্থার সংকট। দীর্ঘদিন থেকে এ সংকট চলে আসছে। এর সঙ্গে অর্থনৈতিক বিভিন্ন সংকট, আন্তর্জাতিক পরিস্থিতি এবং জাতীয় রাজনীতিসহ সবকিছু যোগ হয়েছে। ফলে সবার আগে আস্থার সংকট দূর করতে পদক্ষেপ নিতে হবে। এক্ষেত্রে সুশাসন প্রতিষ্ঠার মাধ্যমে আস্থা নিশ্চিত করতে হবে। অর্থাৎ বিনিয়োগকারীদের এই নিশ্চয়তা দিতে হবে-কারসাজির মাধ্যমে কেউ তার টাকা হাতিয়ে নিলে বিচার হবে। পাশাপাশি ভালো শেয়ারের সরবরাহ বাড়াতে হবে। তবে কাজটি খুব সহজ নয়। যুগান্তরের অনুসন্ধানে জানা যায়, দীর্ঘদিন কয়েকটি গেম্বলার গ্রুপ অলিখিতভাবে বাজার নিয়ন্ত্রণ করত। পরিস্থিতি একটু খারাপ হলেই কমিশন থেকে বড় হাউজ এবং কয়েকজন বড় বিনিয়োগকারীকে শেয়ার কিনে বাজার সাপোর্ট দিতে বলা হতো। বর্তমানে গ্রুপগুলো নিষ্ক্রিয়। ফলে বাজারে লেনদেন বাড়ছে না। বাজারের সংকটের আরেকটি কারণ মার্জিন ঋণ শেয়ার (কেনায় ঋণ সুবিধা)। বর্তমানে মার্জিন ঋণের হার ১:০.৮। অর্থাৎ কোনো বিনিয়োগকারীর ১ লাখ টাকা থাকলে তাকে আরও ৮০ হাজার টাকা ঋণ দেওয়া হবে। কিন্তু অনেক হাউজ এই সীমা মানেনি। ফলে বাজার কিছুটা নেতিবাচক হলেই শেয়ার বিক্রি করে ঋণ সমন্বয় করা হয়। এতে পতন আরও ত্বরান্বিত হয়।

গত ১৫ বছরে নির্দিষ্ট কিছু গোষ্ঠী এবং পরিবারের কাছে জিম্মি হয়ে পড়েছিল পুরো দেশের রাজনীতি ও অর্থনীতি। তারাই দেশ চালাবে, সম্পদ লুট করবে আর সাধারণ মানুষ তাতে রসদ জোগাবে। তাদের দুর্নীতি, দুঃশাসন ও বিচারহীনতার প্রভাব পড়েছে পুঁজিবাজারে। সবকিছু মিলে বিনিয়োগকারীদের চরম দুরবস্থা চলছে। এ অবস্থায় দক্ষ নেতৃত্বের মাধ্যমে বাজারে সংস্কার জরুরি। অন্যদিকে ৫ আগস্টের পর সরকারের পক্ষ থেকে নীতিসহায়তার কথা জানানো হয়েছে। যেমন: বিদ্যমান আইনে ৫০ লাখ টাকার অধিক মূলধনি আয়ের ওপর সর্বোচ্চ করহার ছিল ৩০ শতাংশ। সেই করহার কমিয়ে বর্তমানে ১৫ শতাংশ করা হয়েছে। এছাড়া সম্পদশালী করদাতাদের করের ওপর বিদ্যমান আইনে সর্বোচ্চ ৩৫ শতাংশ হারে সারচার্জ দিতে হয়। এতে শেয়ারবাজার থেকে অর্জিত মূলধনি মুনাফার ওপর আয়কর ও সারচার্জ বাবদ মোট ৪০ দশমিক ৫০ শতাংশ হারে কর দিতে হতো। নতুন নিয়মে ৫০ লাখ টাকার বেশি মূলধনি মুনাফার ওপর প্রদেয় আয়কর ও সারচার্জ বাবদ সর্বোচ্চ করহার কমিয়ে ২০ দশমিক ২৫ শতাংশ করা হয়েছে। তবে শেয়ারবাজারে এর তেমন কোনো প্রভাব পড়েনি।

এক সপ্তাহের বাজার : গত সপ্তাহে ডিএসইতে ৪১৩টি কোম্পানি লেনদেনে অংশ নেয়। এর মধ্যে দাম বেড়েছে ২০১টি কোম্পানির শেয়ারের, কমেছে ১৫০টি, অপরিবর্তিত রয়েছে ৪৬টি কোম্পানির শেয়ারের দাম। তবে ১৬টি কোম্পানির কোনো শেয়ার লেনদেন হয়নি। এ সময়ে ৫ কার্যদিবসে মোট লেনদেন হয়েছে ২ হাজার ৬৩টি কোটি টাকা। এ হিসাবে প্রতিদিনের গড় লেনদেন ছিল ৪১২ কোটি টাকা।

শীর্ষ ১০ কোম্পানি : গত সপ্তাহে ডিএসইতে যেসব প্রতিষ্ঠানের শেয়ার বেশি লেনদেন হয়েছে, এর মধ্যে রয়েছে-এডিএন টেলিকমের গড় লেনদেন ছিল ২৩ কোটি ৪৩ লাখ টাকা, ওরিয়ন ইনফিউশন ১২ কোটি ৫০ লাখ, মিডল্যান্ড ব্যাংক ১০ কোটি ৯২ লাখ, লাভেলো আইসক্রিম ১০ কোটি ২১ লাখ, খান ব্রাদার্স পিপি ওভেন ১০ কোটি ১৫ লাখ, এশিয়াটিক ল্যাব ৯ কোটি ৮২ লাখ, কহিনুর কেমিক্যাল ৯ কোটি ৭৬ লাখ, ওয়াইম্যাক্স ৮ কোটি ৪৩ লাখ, আফতাব অটোমোবাইল ৮ কোটি এবং ফারইস্ট নিটিং অ্যান্ড ডাইংয়ের ৬ কোটি ৯৬ লাখ টাকার শেয়ার লেনদেন হয়েছে। ডিএসইতে গত সপ্তাহে যে সব প্রতিষ্ঠানের শেয়ারের দাম বেশি বেড়েছে সেগুলো হলো-খুলনা প্রিন্টিং অ্যান্ড প্যাকেজিং, অলটেক্স, সোনারগাঁও টেক্সটাইল, মুন্নু সিরামিক, ঢাকা ডাইং, দুলামিয়া কটন, ড্রাগন সোয়েটার অ্যান্ড স্পিনিং এবং সিকদার ইন্স্যুরেন্স কোম্পানি। অন্যদিকে যেসব প্রতিষ্ঠানের শেয়ারের দাম বেশি কমেছে সেগুলো হলো-পাওয়ার গ্রিড, অ্যাসোসিয়েটেড অক্সিজেন, রেনউইক যজ্ঞেশ্বর, ওয়াইম্যাক্স, এশিয়াটিক ল্যাব, রিলায়েন্স ১, মিরাকল ইন্ডাস্ট্রিজ, সিএনএ টেক্সটাইল, প্রিমিয়ার লিজিং এবং ট্রাস্ট ইসলামী লাইফ ইন্স্যুরেন্স।    https://www.jugantor.com

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