Crisis of confidence in the capital market

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SyeduzzamanbrIT is augurs well to see the efforts by the Securities & Exchange Commission (SEC) to find ways and means through a series of meetings with merchant banks and major brokerage houses aimed at rebuilding confidence among general investors. It is no doubt a laudable drive by our regulatory body. But what it has delivered by now is Index is on the rise. But not turnover. Buying binge is mainly coming from merchant banks and brokerage houses. But not from general investors. brAvailing somewhat better prices, general investors who suffered brunt of the onslaught are just off-loading their shares and not buying. Hence is the low or declining turnover! It implies general investors confidence has not returned.brIt is touted that our capital market suffers from liquidity crisis. It is a highly debatable question. Liquidity may have contributed a nominal part to the whole crisis. But what is widely believed to be the squarely and vastly major contributor to our omnipresent crisis is severe starvation of market for general investors, confidence in it.brWhat I strongly feel and what is also extensively shared in different quarters is A great job and a jump-start toward restorationreturn of confidence among our general investors could be done, had our regulatory body gone to the electronic media -- I mean television with their confidence building programme aimed at general investors for a period of time. A communication like this could just do the miracle! is what is popularly believed.brAn inkling into the future cannot but give everyone a glimpse of what gigantic tasks awaiting our capital market to be carried out on both short and long terms. May the authorities leave no stone unturned to revitalise the dentedtampered lost health of our capital market!