Dhaka, Bangladesh (BBN)-Net foreign investment in the Dhaka Stock Exchange (DSE) fell 48 percent in the just concluded fiscal year compared to previous fiscal as foreign fund managers were in selling mood.
Overseas investors bought shares worth BDT 41.45 billion and sold shares BDT 28.45 billion, to take their net investment for the fiscal year 2014-15 to BDT 12.99 billion, according to statistics from the DSE.
In the FY 2013-14, overseas investors bought shares worth BDT 37.91 billion and sold shares worth BDT 12.97 billion to take their net investment to BDT 24.93 billion, the DSE data showed.
However, total turnover (buy and sell) from overseas investors increased by 37.40 percent in the last fiscal year compared to previous fiscal as total turnover was BDT 69.91 billion in FY 2014-15 while it was BDT 50.89 billion in FY 2013-14.
Brokers said that net foreign investment in DSE fell last fiscal year as foreign fund managers were in selling mood almost throughout the fiscal year 2014-15 amid volatile market situation.
Foreign investment was slow in January, February, March and April as the market experienced a number of downswings and the investors adopted a ‘wait-and-see’ policy then, he said.
The secondary market was struggle between bulls and bears throughout the last fiscal.
DSEX, the prime index of the DSE, rose only 103 points or 2.30 percent in the last fiscal over the previous fiscal.
Also known as portfolio investment, foreign investments accounted for more than 1.0 percent of DSE’s total market capitalisation, which was BDT 3,247.30 billion at the end of FY 2014-15.
 BBN/BB/ANS