The net foreign investment at Dhaka Stock Exchange turned positive in January after remaining negative three months on the trot amid political calm after the December 30 general election.
The foreign investors bought shares worth Tk 495.19 crore in January against their sales of shares worth Tk 319.90 crore with the net investment standing at Tk 175.29 crore.
In December last year, the net foreign portfolio investment was Tk 101.53 crore negative as the foreigners bought shares worth Tk 246.09 crore against their sales of shares worth Tk 347.62 crore. The net position of the overseas investment was Tk 22.50 crore negative in November and Tk 201.27 crore negative in October.
The polls-centric political uncertainties that weighed on the capital market last year eased after the national elections, market experts said.
They said that the foreigner investors anticipated that the stock market in Bangladesh would improve this year.
The key DSE index, DSEX, gained 435.37 points in last month to close at 5,821.01 points on January 31. The daily average turnover was Tk 972 crore in the month.
Political uncertainties in the election year, depreciation of the taka against the US dollar and woes in the country’s banking sector played the key role in the foreigners’ exit from the country’s stock market in 2018.
The net foreign trading was Tk 593.47 crore negative in 2018 with nine months of negative figures.
The investors who were on the sidelines in last year also returned to the trading floor amid optimism.
The total foreign turnover on DSE also surged to Tk 815.10 crore in January from that of Tk 593.71 crore in the previous month.
The net overseas investment at the bourse was negative Tk 676.58 crore in the year of market crash (2010).
Overseas investors’ turnover at the bourse was Tk 3,362.11 crore in 2010, Tk 1,904.19 crore in 2011, Tk 2,355.23 crore in 2012, Tk 2,834.90 crore in 2013, Tk 6,600.94 crore in 2014, Tk 7,465.4 crore in 2015 and Tk 8,773.09 in 2016.
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