It is a hard time to be a stock investor, especially if your money is tied up in banks and non-bank financial institutions (NBFIs).
Sentiment had already been fragile after the merger of five banks wiped out an estimated Tk 4,500 crore in shareholder value, leaving many retail investors increasingly cautious. Now, with the regulator clearing the way for liquidating nine NBFIs, including eight listed ones, ordinary shareholders face potential losses of Tk 1,450 crore.
The combined impact sent alarm bells ringing across the capital market yesterday, with 83 percent of stocks on the Dhaka Stock Exchange (DSE) falling. NBFI shares saw a steeper drop, sliding 87…