Gain knowledge before investing in stocks: experts

People should gather enough knowledge and do more research before investing in the stock market such that their funds do not go to waste, analysts said.

"People should acquire proper knowledge before buying or selling shares," said Prof Shaikh Shamsuddin Ahmed, a commissioner of Bangladesh Securities and Exchange Commission (BSEC).

Ahmed went on to say that although rumour-based trading is bad for the stock market, this problem persists across the globe.

"But people should not pay heed to rumours," he added.

While clarifying what he means by acquiring knowledge, Ahmed said that people should have some financial and technological understanding on any potential investment.

The BSEC commissioner also urged for more analyses on the stock market as it would be helpful for policymakers.

Ahmed's comments came at a certificate-giving ceremony for post-graduate diploma holders organised by the Bangladesh Institute of Capital Market (BICM) on Saturday.