The government’s time-befitting measures have facilitated the country’s capital market turnaround in building confidence among the people to invest in it, experts say.
The country's capital market is better than at any time in the past, now the capital market has become a good place for investments, they said.
The stocks witnessed an upward trend for a long time due to positive regulatory initiatives to put fresh funds on stocks as well as rising Beneficiary Owners (BO) accounts in the capital market.
Professor Abu Ahmed, capital market analyst and an eminent economist, told Bangladesh Post, “The country's capital market is better than ever."
Prof Abu Ahmed said, “People’s interest in the capital market has increased due to tightening investment in savings certificates and lower interest rates on bank deposits.”
Investment in the capital market is increasing, especially as there are less opportunities for alternative investment, he said adding that investor confidence has begun to return after the new commission took charge, and its various positive steps.
“As part of its move, new investors are entering the market every day and BO accounts are increasing. As a result, transactions and market capitalization in the capital market are increasing,” he mentioned.
However, the new BO account in Dhaka Stock Exchange has increased by 12,416 in August despite crisis
Of these, the BO of male investors has increased by 11,000, and the BO of female investors, by 1,000.
According to Central Depository Bangladesh Limited (CDBL), on August 2, the total number of BO accounts of investors in the two capital markets, the Dhaka Stock Exchange and the Chattogram Stock Exchange, was 19,61,207.
From there, the number of BOs increased by 12,416 to 19,73,623 till Wednesday.
As of Wednesday, the BO account of male investors stood at 14,66,198. And the BO account of women investors stood at 4,92,767.
One month ago, on August 2, the number of BOs of male investors was 14,55,762. And the BO of women investors was 4,91,014.
Besides, the number of BOs of companies such as institutional investors, stood at 14,658 in August against 14,431 in the previous month.
However, stocks extended their rally for the eleventh straight week and the prime index closed near to 7,000 mark as the hopeful investors continued their buying spree.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), increased by 129.74 points or 1.89 percent to close the week at 6,981 on Thursday.
It is the highest since its inception on 27 January 2013.
The market capitalisation of the prime bourse also hit a fresh all-time high at Tk 5,637 billion on Thursday, surpassing the previous high of Tk 5,600 billion recorded a day before.
