0.115m BO accounts opened in Jan
Saturday, 6 February 2010
FE Report
More than 115,000 Beneficiary Owners (BO) accounts were opened in January by the investors, which is a record figure in a normal situation of the market, Central Depository Bangladesh Limited (CDBL) said.
The CDBL said more than 200,000 BO accounts were opened in the month when the Grameenphone went public.
The total number of the BO accounts reached more than 2.06 million on January 3 last.
The number of fresh investors in January last is about two times the average number of investors who entered the market in one month of the previous six months.
In the last six months of calendar 2009, more than 530,000 Beneficiary Owners (BO) accounts were opened by investors.
Analysts said large number of investors are coming to market seeing the upward trend in share prices.
"Retail investors are coming to the stock market to make quick bucks. That's why the number of fresh investors is increasing rapidly," Policy Research Institute of Bangladesh chairman Zaidi Sattar told the FE.
"The new investors must have the capacity to absorb the risk factors of the share market," he added.
"It's not true that all the fresh investors are coming to trade in the secondary market. A great number of them invest in the primary market to remain safe," Dhaka Stock Exchange (DSE) Md. Rakibur Rahman told the FE.
"If the proposed Initial Public Offerings (IPOs) of Tk. 50 billion are approved, more than 1 million fresh investors will come in the capital market," he added.
The number of BO accounts on June 30, 2009 stood at over 2.124 million, which is about six times the BO accounts opened up to June, 2005.
CDBL, however, said, many BO accounts are not operative for not paying fees and duplication.
More than 115,000 Beneficiary Owners (BO) accounts were opened in January by the investors, which is a record figure in a normal situation of the market, Central Depository Bangladesh Limited (CDBL) said.
The CDBL said more than 200,000 BO accounts were opened in the month when the Grameenphone went public.
The total number of the BO accounts reached more than 2.06 million on January 3 last.
The number of fresh investors in January last is about two times the average number of investors who entered the market in one month of the previous six months.
In the last six months of calendar 2009, more than 530,000 Beneficiary Owners (BO) accounts were opened by investors.
Analysts said large number of investors are coming to market seeing the upward trend in share prices.
"Retail investors are coming to the stock market to make quick bucks. That's why the number of fresh investors is increasing rapidly," Policy Research Institute of Bangladesh chairman Zaidi Sattar told the FE.
"The new investors must have the capacity to absorb the risk factors of the share market," he added.
"It's not true that all the fresh investors are coming to trade in the secondary market. A great number of them invest in the primary market to remain safe," Dhaka Stock Exchange (DSE) Md. Rakibur Rahman told the FE.
"If the proposed Initial Public Offerings (IPOs) of Tk. 50 billion are approved, more than 1 million fresh investors will come in the capital market," he added.
The number of BO accounts on June 30, 2009 stood at over 2.124 million, which is about six times the BO accounts opened up to June, 2005.
CDBL, however, said, many BO accounts are not operative for not paying fees and duplication.