Bourses see investors' increased participation

Net foreign investment on the premier bourse marked an increase, encouraged by positive macroeconomic indicators coupled with declining interest rate, stable exchange regime and a peaceful political situation during the quarter 1 of this fiscal year.
Metropolitan Chamber of Commerce & Industry, Dhaka (MCCI) observed this in its review of economic situation in Bangladesh for July-September (Q1).
The net foreign investments in stocks jumped 202 per cent year-on-year in the first nine months of 2017 as overseas investors injected more funds into the Bangladesh stock market.
Foreign investors bought shares worth Tk 51.01 billion and sold shares worth Tk 33.26 billion to take their net investment to Tk 17.75 billion for the January-September period of 2017, according to information of the Dhaka Stock Exchange (DSE).
"Banks are the foreign investors' preferred sector, but non-bank financial institutions, power and energy, pharmaceuticals, multinationals, telecoms and IT also drew their attention," said the economic review of the MCCI.
Foreign investors include Morgan Stanley, JPMorgan, Goldman Sachs and BlackRock, among others, are the foreign portfolio investors.
"Known as portfolio investment, total foreign investment accounted for nearly 1.0 per cent of DSE's total market capitalisation that stood at Tk.4,083 billion at the close of trade on 3 October 2017," the MCCI said.
The MCCI also observed that investors' participation significantly increased in the country's capital market in the first quarter (Q1) of the present fiscal year (FY18).

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