The foreign investment in the Dhaka Stock Exchange has increased to Tk 4243.8 million in the first fifteen days of the current month, up more than 81.39 percent from the same period last year. Analysts liked the significant rise to continuous fall in most of the share prices. Foreign investors have capitalised on falling trend of stocks. They said the foreign investors went on to hold their position on sector-wise securities in April as share prices decreased sharply.
Foreign investors have traded almost Tk 4243.8 million in Dhaka Stock Exchange (DSE) in first fifteen days of April 2019 against Tk 2339.6 million in the same period of previous year. As a result, the net foreign investment increased to Tk 1904.2 million during the time. On the other hand, the foreign investment was Tk 3,527.4 million in the last fifteen days in March 2019.
Eminent economist and market analyst Prof Abu Ahmed told Bangladesh Post: “Foreign investors have injected more money in recent times as foreigners have found the market more attractive as prices of most of the shares declined amid liquidity crisis.” The country’s stock market has maintained its falling streak for the last several months in the face of investors’ wariness to avoid further loss and liquidity crisis, he said.
“Overseas investors always wait for an opportunity and usually they buy shares when their prices become attractive,” he said, adding that the foreign investors are seen buying more shares against limited sales, resulting in the rise of their investment in the market.” Ahmed said the government should discuss with different stakeholders to rebound the stock market within shortage of time. He expects the government will take some steps in favour of the capital market in the upcoming national budget to make stock market strong.
