More than 61 thousand BO (beneficiary owner's) accounts were opened in
January, 2014 following the continuous rally in secondary market and
good returns from primary market, officials said.
The market insiders said a significant number of fresh investors opened BO accounts mainly because of stability being observed in the secondary market.
The data which is available in the Central Depository Bangladesh Limited (CDBL) have said the number of BO accounts was around 2.79 million at the end of December, 2013.
And the number of BO accounts stood at 2.85 million on January 30 last. As a result, the number of accounts increased by 2.15 per cent or above 61 thousand.
"The investors who recently participated in the IPOs (initial public offerings) got better returns. Secondly, the prices of listed securities are continuing rally. These two reasons drew the interest of fresh investors to enter the market opening BO accounts," said Shuvra Kanti Choudhury, the Deputy Managing Director of the CDBL.
According to CDBL, at the end of the December, 2013 the number of active BO accounts stood at 2.79 million whereas the number was 2.47 million at the end of December, 2012.
Over the last three months the country's capital markets showed a steady trend riding on investors' buying spree.
A significant rise in foreign portfolio investment was also another reason behind the continuous rally observed in the secondary market.
At the end day's trading session observed on November 3, 2013 the benchmark DSE index--DSEX--stood at 3993.33 points.
And on January 30, 2014 the DSEX rose 19.02 per cent or 759.84 points to close at 4753.17 points.
The market insiders said a significant number of fresh investors opened BO accounts mainly because of stability being observed in the secondary market.
The data which is available in the Central Depository Bangladesh Limited (CDBL) have said the number of BO accounts was around 2.79 million at the end of December, 2013.
And the number of BO accounts stood at 2.85 million on January 30 last. As a result, the number of accounts increased by 2.15 per cent or above 61 thousand.
"The investors who recently participated in the IPOs (initial public offerings) got better returns. Secondly, the prices of listed securities are continuing rally. These two reasons drew the interest of fresh investors to enter the market opening BO accounts," said Shuvra Kanti Choudhury, the Deputy Managing Director of the CDBL.
According to CDBL, at the end of the December, 2013 the number of active BO accounts stood at 2.79 million whereas the number was 2.47 million at the end of December, 2012.
Over the last three months the country's capital markets showed a steady trend riding on investors' buying spree.
A significant rise in foreign portfolio investment was also another reason behind the continuous rally observed in the secondary market.
At the end day's trading session observed on November 3, 2013 the benchmark DSE index--DSEX--stood at 3993.33 points.
And on January 30, 2014 the DSEX rose 19.02 per cent or 759.84 points to close at 4753.17 points.
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