The net foreign investment at Dhaka Stock Exchange remained negative for the third consecutive month in May as the foreign investors, muddled by the continuous falling trend in the market and haphazard environment in the financial market, kept selling shares amid volatility at the market.
The overseas investors withdrew funds worth Tk 3.43 billion in the last three months.
The net foreign investment dipped to Tk 651.6 million negative in May after Tk 1.54 billion negative in April. The net position was Tk 1.28 billion negative in March.
In May, the foreign investors sold shares worth Tk 3.85 billion and bought shares worth Tk 3.2 billion.
In April, the overseas investors sold shares worth Tk 4.11 billion against their purchase of shares worth Tk 2.57 billion.
Before the three months of negative mark, the net foreign investment was Tk 3.23 billion positive in February and Tk 1.75 billion positive in January.
The capital market remained volatile for the fourth consecutive months with poor participations from the investors.
Market operators have said that the foreign investment turned negative as a section of overseas investors might go for profit booking share sales after notable investment in the previous two months.
Market operators said that the volatility in the financial sector as well as in the capital market could be a major reason for the share sales.