Business Desk :
Net foreign direct investments (FDI) at the Dhaka Stock Exchange fell by 52 per cent or Tk 200 crore compared with that in the previous month mainly due to increased share sales by them.
According to the DSE data released on Wednesday, net foreign investment in the bourse declined to Tk 186 crore in January this year compared with that of Tk 386 crore in the previous month.
The overseas investors increased share selling during the period with a view to booking some profit following the relentless surge in share prices in the recent times, stockbrokers say.
The benchmark index of DSE, DSEX, increased by 1,116 points till January 24 following a bull-run in the market since November 1, 2016.
On January 24, the DSEX increased to 5,708.24 points, the highest level of the index since its launch. The DSEX was launched with 4,055 points in January 2013 under free float methodology.
According to the stockbrokers, the overseas investors are smarter than the general investors as they always purchase shares when the prices are at a lucrative level, while they sell those scrips when the market is on the rise.
As the market passed through a bull run during the months of November and December, the overseas investors sold out their shares with a view to booking profit, they say.
The overseas investors purchased shares worth Tk 611 crore in January against their purchasing of Tk 681 crore in December last year.
On the other hand, share sales by them increased by 44 per cent or Tk 130 crore to Tk 425 crore in January compared with that of Tk 295 crore in the previous month.
Turnover on the bourse, however, increased by 6 per cent or Tk 60 crore to Tk 1,036 crore in January from Tk 976 crore in December.
Earlier in 2016, the net overseas investment increased to Tk 1,340.70 crore from Tk 185.50 crore in 2015.
According to the DSE data, the net overseas investment in the DSE was Tk 78.43 crore in 2011, Tk 792.59 crore in 2012, Tk 1,942.89 crore in 2013 and Tk 2,619.78 crore in 2014.
The net overseas investment in the bourse was negative at Tk 767.58 crore in the year of market crash (2010).
Net foreign direct investments (FDI) at the Dhaka Stock Exchange fell by 52 per cent or Tk 200 crore compared with that in the previous month mainly due to increased share sales by them.
According to the DSE data released on Wednesday, net foreign investment in the bourse declined to Tk 186 crore in January this year compared with that of Tk 386 crore in the previous month.
The overseas investors increased share selling during the period with a view to booking some profit following the relentless surge in share prices in the recent times, stockbrokers say.
The benchmark index of DSE, DSEX, increased by 1,116 points till January 24 following a bull-run in the market since November 1, 2016.
On January 24, the DSEX increased to 5,708.24 points, the highest level of the index since its launch. The DSEX was launched with 4,055 points in January 2013 under free float methodology.
According to the stockbrokers, the overseas investors are smarter than the general investors as they always purchase shares when the prices are at a lucrative level, while they sell those scrips when the market is on the rise.
As the market passed through a bull run during the months of November and December, the overseas investors sold out their shares with a view to booking profit, they say.
The overseas investors purchased shares worth Tk 611 crore in January against their purchasing of Tk 681 crore in December last year.
On the other hand, share sales by them increased by 44 per cent or Tk 130 crore to Tk 425 crore in January compared with that of Tk 295 crore in the previous month.
Turnover on the bourse, however, increased by 6 per cent or Tk 60 crore to Tk 1,036 crore in January from Tk 976 crore in December.
Earlier in 2016, the net overseas investment increased to Tk 1,340.70 crore from Tk 185.50 crore in 2015.
According to the DSE data, the net overseas investment in the DSE was Tk 78.43 crore in 2011, Tk 792.59 crore in 2012, Tk 1,942.89 crore in 2013 and Tk 2,619.78 crore in 2014.
The net overseas investment in the bourse was negative at Tk 767.58 crore in the year of market crash (2010).
