FE Report (September 19, 2010)
The number of active BO (beneficiary owners') account holders has more than doubled in a year, reaching over 2.8 million in mid-2010 as investors continue to sink money in the capital market.
While 1.4 million individuals traded in share markets in June last year, the number ballooned to 2.85 million by the end of August this year, meaning the booming capital market added over 0.1 million retail investors every month, according to figures available with Central Depository Bangladesh Ltd (CDBL) said.
Officials said mobile telephony giant Grameenphone's listing alone drew a record 0.2 million investors in October 2009, smashing the February record of about 180,000 million accounts.
Currently, one-third of the country's active BO accounts are operated by women. In contrast, women's accounts were one-fourth of total number of accounts in May.
Besides, non-resident Bangladeshis own 119,705 BO accounts. The number of BO accounts including inactive ones on June 30, 2009 stood at over 2.124 million, up from just 0.35 million five years ago. CDBL figures say investors rushed to open more than 530,000 BO accounts in the last six months of 2009.
The number of active BO (beneficiary owners') account holders has more than doubled in a year, reaching over 2.8 million in mid-2010 as investors continue to sink money in the capital market.
While 1.4 million individuals traded in share markets in June last year, the number ballooned to 2.85 million by the end of August this year, meaning the booming capital market added over 0.1 million retail investors every month, according to figures available with Central Depository Bangladesh Ltd (CDBL) said.
Officials said mobile telephony giant Grameenphone's listing alone drew a record 0.2 million investors in October 2009, smashing the February record of about 180,000 million accounts.
Currently, one-third of the country's active BO accounts are operated by women. In contrast, women's accounts were one-fourth of total number of accounts in May.
Besides, non-resident Bangladeshis own 119,705 BO accounts. The number of BO accounts including inactive ones on June 30, 2009 stood at over 2.124 million, up from just 0.35 million five years ago. CDBL figures say investors rushed to open more than 530,000 BO accounts in the last six months of 2009.
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