According to the information of the Central Depository Bangladesh Limited (CDBL), the BO (Beneficiary Owners) account of the capital market, 5 thousand 647 new BO accounts have been opened in the stock market in the last seven days. And in three working days, 5 thousand 978 of the inactive BO accounts have been activated.
Meanwhile, on August 11, the number of active BO accounts with shares in the stock market was 12 lakh 88 thousand 294. This number increased to 12 lakh 94 thousand 272 at the end of trading on August 14. The number of shareless BO accounts in the stock market is decreasing as inactive BO accounts are starting to become active.
According to CDBL data, on August 11, the number of shareless BO accounts in the market was 3 lakh 18 thousand 523. On August 14, this number decreased to 3 lakh 14 thousand 176. Accordingly, the number of shareless BO accounts decreased by 4 thousand 347 in three working days.
The market participants say that Sheikh Hasina resigned from the post of Prime Minister on August 5 and took shelter in India in the face of the student movement. After his resignation, there was a big rise in the stock market for several days.
The main index of Dhaka Stock Exchange (DSE) DSEX increased by 674 points in 8 working days from August 6 to August 15. Out of these eight working days, five of the working days have seen big rises in the index. And the index decreased for three working days. The index rose 871 points in five working days. And in three working days, the index fell by 197 points. The index rose 674 points in the last eight working days.
Speaking to top executives of a few brokerage houses, retail and institutional investors have become active as the index continues to rise. Besides, the participation of foreign investors has also started to increase. Because, for several years, well-founded stocks were undervalued in the market. Now these shares are turning around after the political change. This has increased the interest of individual and institutional investors towards the market. With this, foreign investors have also started returning to the market.
Market people say that over the past two years, foreign investors have sold more than bought shares in the country’s stock market. This means that foreign investors did not have confidence in the stock market. The main reason for this is the lack of political stability in the country.
Due to the change in the current political pot, political stability has started to return in the country. In addition, Nobel laureates in the international arena. Muhammad Yunus has a high level of acceptance. Now remittances will increase in the country, export trade including apparels will increase, GPF benefits for apparels will return to the United States. These will have a positive effect on the stock market. In addition, the participation of foreign investors in the stock market will gradually reach a new height.
