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Stock rally carries on Star Business Report Star Business Report The stock market continued to rise for a sixth day yesterday, sans the two-day weekend, while turnover almost doubled thanks to an increase in the participation of investors despite a deterioration of the coronavirus pandemic. The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), surged by 71 points, or 1.34 per cent, to stand at 5,421.78 yesterday. Turnover, another important indicator of the market, rose 87 per cent to Tk 1,299 crore. The scope to make easy money is the most important and biggest reason for the Bangladesh market rally, which is also common in stock markets around the world, said Md Moniruzzaman, managing director of IDLC Investments. ....
Lockdown tip: Hold on to good stocks Analysts advise investors not to panic With a new lockdown coming up to curb the fast spread of the coronavirus, stock market analysts have recommended not to panic and holding on to shares of companies with good performance records. Road Transport and Bridges Minister Obaidul Quader yesterday made public the government decision to impose a seven-day countrywide lockdown from Monday. Investors need to have patience during the crisis period and they should not sell shares of companies showcasing good performances, said Sharif Anwar Hossain, president of the DSE Brokers Association (DBA). Many investors gained profits by purchasing shares at a lower price during last year s lockdown, he said. ....
News Desk, bdnews24.com Published: 11 Feb 2021 08:14 AM BdST Updated: 11 Feb 2021 08:14 AM BdST The Securities and Exchange Commission or SEC has organised an investor summit on the potentials of Bangladesh s capital market in Dubai. ); } It held a road-show titled ‘The Rise of Bengal Tiger: Potentials of Bangladesh Capital Markets’ on Tuesday with the aim to reach out to non-resident Bangladeshi investors and attract foreign investment in Bangladesh. The summit, sponsored by UCB Stock Brokerage Limited, a wholly owned subsidiary of United Commercial Bank Limited, will continue at the Creek ballroom of Park Hyatt, Dubai until Friday. Shibli Rubayat-Ul-Islam, chairman of SEC, chaired the road-show. He highlighted the important role of the capital market in raising long term funds through bond and Sharia-complaint bond or Sukuk to solve the maturity mismatch problem long prevailing in Bangladesh’s banking sector. ....
Foreign investors turn back on DSE as second wave looms Foreign investors participation in Bangladesh s stock exchanges has been on the decline for the last several months as the second wave of the pandemic started taking its toll on global markets. Foreign participation accounted for 3.09 per cent of the total transactions at the Dhaka Stock Exchange (DSE) in October, down from 4.36 per cent the month before and 5.20 per cent in August, according to DSE data. In October, foreign investors transactions dropped 47 per cent to Tk 512.16 crore from Tk 971 crore in the previous month. DSE s turnover also experienced a fall, hitting Tk 17,039 crore in October from Tk 22,257 crore in September. ....