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Search results for: stock

Asset managers sweat with fear of scam-induced selling pressure

Asset managers sweat with fear of scam-induced selling pressure

MOHAMMAD MUFAZZAL 2023-01-05 08:58:40

The latest scam of Tk 1.57 billion by an asset manager came as a fresh blow to the mutual fund sector as a sense of insecurity is feared to prompt open-end unit holders to mount a liquidation pressure...

Apple’s stock market value shrinks sharply, falls below $2.0 trillion

Apple’s stock market value shrinks sharply, falls below $2.0 trillion

-- 2023-01-04 20:43:28

Apple Inc’s stock market value shrank sharply on Tuesday following its steep drop last year, leaving it below $2.0 trillion for the first time since March 2021. The sell-off came a year after t...

Brazil's Petrobras CEO resigns

Brazil's Petrobras CEO resigns

-- 2023-01-04 13:09:19

The chief executive of Brazilian oil company Petrobras, Caio Paes de Andrade, has informed the board of directors of his resignation, two sources with knowledge of the matter told Reuters on Tuesday....

Out of business, two junk stocks rise to 2022 winners' list

Out of business, two junk stocks rise to 2022 winners' list

BABUL BARMAN 2023-01-04 08:59:12

Factories had closed following years of losses. Then the economy plunged into turmoil. But nothing seems to have kept the stocks of Imam Button Industries and Meghna Condensed Milk Industries from mak...

DSE extends partnership with Nasdaq for tech support

DSE extends partnership with Nasdaq for tech support

FE Report 2023-01-04 08:56:57

The Dhaka Stock Exchange (DSE) and Nasdaq have extended their partnership agreement for another three years to keep the existing trading software in operation. NASDAQ provides the technological suppo...

Asia shares weigh China risks, yen hits 6-month high

Asia shares weigh China risks, yen hits 6-month high

REUTERS 2023-01-03 12:28:20

Asian shares recovered from early losses on Tuesday as investors weighed the near-term costs of the coronavirus infections in China against the longer-term benefits of a complete reopening of the worl...

Regulator considers tax incentives to lure new companies

Regulator considers tax incentives to lure new companies

Mohammad Mufazzal 2023-01-03 09:06:03

The securities regulator seeks policy support, especially from the revenue board, to attract non-listed but good companies into the stock market so it gets strengthened when majority securities are...

Changes brought by bearish market may bear long-term fruits

Changes brought by bearish market may bear long-term fruits

BABUL BARMAN 2023-01-02 08:53:33

The stock market passed a rough patch last year. But the changes that the regulator felt forced to make to bring some sort of stability in the volatile market will bear fruits not only in 2023 but als...

2022's overvalued stocks that defy investment formulae

2022's overvalued stocks that defy investment formulae

Mohammad Mufazzal 2023-01-01 09:02:30

Many listed companies have been traded at abnormally high P/E (price to earnings) ratio in the outgoing year when the market has remained persistently gloomy and their peers with good fundamentals h...

Fight against doom and gloom to continue: Ahsan H Mansur

Fight against doom and gloom to continue: Ahsan H Mansur

MOHAMMAD MUFAZZAL 2022-12-31 17:36:27

The stock market is heading into 2023, bearing the burden of domestic financial mismanagement, supply chain disruptions, and economic slowdowns globally. Unless these macroeconomic worries are addres...

Wall Street ends 2022 with biggest annual drop since 2008

Wall Street ends 2022 with biggest annual drop since 2008

REUTERS 2022-12-31 12:49:22

US stocks closed out 2022 lower on Friday, capping a year of sharp losses driven by aggressive interest rate hikes to curb inflation, recession fears, the Russia-Ukraine war and rising concerns over C...

Beximco leads turnover chart for second straight year

Beximco leads turnover chart for second straight year

FE REPORT 2022-12-31 09:16:05

The Bangladesh Export Import Company or Beximco, the flagship company of Beximco Group, topped the turnover chart of Dhaka Stock Exchange (DSE) for a second straight year in 2022 while ten most-traded...

Stocks inch up in final week of 2022 to give investors some hope

Stocks inch up in final week of 2022 to give investors some hope

FE REPORT 2022-12-31 09:13:18

Stocks edged higher in the last week of the year as bargain hunters put fresh bets on some oversold issues as part of year-end restructuring of their portfolios. The stock market, however, had a roug...

Factors to play behind bear-or-bull market of 2023

Factors to play behind bear-or-bull market of 2023

BABUL BARMAN 2022-12-30 09:20:48

The stock market had a tough ride this year due to the war in Ukraine that intensified economic uncertainties and caused inflation to go a 12-year record high while floor prices turned most stocks i...

2023 may be better if regulators stop market intervention

2023 may be better if regulators stop market intervention

Mohammad Mufazzal 2022-12-30 09:19:35

Good governance should be the priority of the securities regulator and the central bank in 2023 to reduce volatility in the capital market and rejuvenate it. The major challenges that the stock mar...

DSE curbs access to market via app to continue services for free

DSE curbs access to market via app to continue services for free

MOHAMMAD MUFAZZAL 2022-12-29 11:31:56

Seven years have gone by since the Dhaka Stock Exchange (DSE) launched a mobile app to facilitate trading by investors from any corner of the world without the help of an intermediary, but it has...

Asian shares slip as investors gauge China reopening policy

Asian shares slip as investors gauge China reopening policy

REUTERS 2022-12-28 09:49:46

Asian equities were subdued on Wednesday, while the dollar held firm, with investors looking for direction after China took further steps towards reopening its COVID-battered economy. MSCI's broadest...

Orion Infusion will now give only 20pc cash dividend

Orion Infusion will now give only 20pc cash dividend

FE REPORT 2022-12-28 09:07:00

Orion Infusion has failed to get the approval from the securities regulator for its recommended 10 per cent stock dividend and now decided to convert it to cash dividend as per the advice of the regul...

DSE AGM held, approves 6.0pc cash dividend

DSE AGM held, approves 6.0pc cash dividend

FE ONLINE REPORT 2022-12-27 20:24:51

The Dhaka Stock Exchange (DSE) has approved a 6.0 per cent cash dividend for its shareholders for the year ended June 30, 2022. The approval came at the premier bourse’s 61th annual general mee...

DSE key index drops to a 4.5-month low

DSE key index drops to a 4.5-month low

FE ONLINE REPORT 2022-12-27 17:31:37

The prime index of the Dhaka Stock Exchange (DSE) dropped to a 4.5-month low Tuesday as stocks continued to bleed since lifting the floor prices from certain issues that put further strain on the aili...

BSEC nod for Desh Garments, Queen South Textile to issue bonus shares

BSEC nod for Desh Garments, Queen South Textile to issue bonus shares

FE REPORT 2022-12-27 09:09:52

The Bangladesh Securities and Exchange Commission (BSEC) has given the green light to two textile companies -Desh Garments and Queen South Textile Mills -to issue bonus shares. In a filing with the...

Rate caps doubly block bank, bourse development: WB

Rate caps doubly block bank, bourse development: WB

Mohammad Mufazzal 2022-12-27 08:54:47

Phased lifting of the rate cap on lending is among some key remedies the World Bank prefers for its engagement with Bangladesh's capital-market development under a major recipe, sources say. The mu...

India's NDTV shares rise as founders plan to sell stake to Adani

India's NDTV shares rise as founders plan to sell stake to Adani

-- 2022-12-26 17:19:07

Shares of Indian news broadcaster New Delhi Television Ltd rose over 4 per cent on Monday after founders Prannoy Roy and Radhika Roy said they would transfer their 27.26 per cent stake in the company...

Yusuf Flour emerges as second-most expensive stock riding on abnormal price surge

Yusuf Flour emerges as second-most expensive stock riding on abnormal price surge

FE REPORT 2022-12-26 09:12:47

Yusuf Flour Mills, which returned to the SME Platform of Dhaka Stock Exchange (DSE) five months back after remaining in the over-the-counter market for a decade, became the second highest-priced stock...

Grameen Bank set to post 'highest profit' in 2022

Grameen Bank set to post 'highest profit' in 2022

ISMAIL HOSSAIN 2022-12-25 10:07:37

The microcredit pioneer Grameen Bank has recovered a record amount of classified loans in the past 11 months of the outgoing year 2022. All other indicators also showed positive developments. In con...

Paramount Textile to raise Tk 2.5b through zero-coupon bonds

Paramount Textile to raise Tk 2.5b through zero-coupon bonds

FE REPORT 2022-12-25 09:43:34

Paramount Textile Ltd. (PTL) will raise Tk 2.5 billion through issuing zero-coupon bonds to pay off its existing liabilities and fund the expansion of the company's business. The company's board of...

Bloomberg owner eyes Wall Street Journal or Washington Post acquisition: Report

Bloomberg owner eyes Wall Street Journal or Washington Post acquisition: Report

-- 2022-12-24 12:12:36

Michael Bloomberg has expressed the desire to own a big-name newspaper over the years but has not reached out to Rupert Murdoch to discuss a possible purchase of Dow Jones and its flagship paper the W...

Weekly market review: Stocks wobble, turnover tumbles as investor sentiment remains low

Weekly market review: Stocks wobble, turnover tumbles as investor sentiment remains low

BABUL BARMAN 2022-12-24 09:10:14

Stocks retreated into the red in the outgoing week to Thursday, as it appears that the prolonged bearish market may not fizzle out anytime soon. In the absence of a major market trigger in these time...

Monno Ceramic tops DSE turnover chart this week

Monno Ceramic tops DSE turnover chart this week

FE REPORT 2022-12-24 09:09:06

The ten most-traded companies accounted for one-third of transactions on the Dhaka Stock Exchange (DSE) this week, with Monno Ceramic Industries dominating the turnover chart. Market operators said t...

DSE records lowest trade in 2.5 years after partial removal of floor

DSE records lowest trade in 2.5 years after partial removal of floor

FE REPORT 2022-12-23 09:04:24

The daily trade turnover on the Dhaka Stock Exchange (DSE) tumbled to a 29-month low on Thursday despite the fact that the securities regulator partially relaxed floor prices. The Bangladesh Securiti...