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The Financial Express

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Stock market gained over Tk 101.85b capital last week

Stock market gained over Tk 101.85b capital last week

-- 2023-01-28 17:47:21

The stock market has passed the fourth week of the current month (January) with a capital gain of Tk 101.85 billion in four days, according to the capital market’s data analysis on Saturday. Th...

Intel's 'historic collapse' erases $8b from market value

Intel's 'historic collapse' erases $8b from market value

-- 2023-01-28 13:00:01

Intel saw about $8 billion wiped off its market value on Friday after the US chipmaker stumped Wall Street with dismal earnings projections, fanning fears around a slump in the personal-computer marke...

Stocks stage cautious rally in earnings season

Stocks stage cautious rally in earnings season

FE REPORT 2023-01-28 06:50:56

The benchmark equity index notched a third week of gains on Thursday, as cautious investors hunt for sector-specific shares that are expected to be somewhat protected from earnings volatility amid mac...

Visa revenue growth slows more

Visa revenue growth slows more

-- 2023-01-27 13:05:18

Visa's revenue growth continued to wind back to pre-pandemic levels in the first quarter as the post-lockdown travel craze ebbed and consumer spending slowed in a tough economy. The world's largest p...

Asian equities hit 9-month high as recession fears wane

Asian equities hit 9-month high as recession fears wane

FE ONLINE DESK 2023-01-27 12:50:14

Asian stocks rose on Friday and were poised for their fifth straight week of gains after data highlighted a resilient US economy, boosting investor sentiment ahead of next week's slate of centra...

India's Adani kicks off record $2.45b share sale

India's Adani kicks off record $2.45b share sale

-- 2023-01-27 10:38:33

India's Adani Enterprises Ltd began a record $2.45 billion secondary share sale for retail investors on Friday, days after the Adani conglomerate - controlled by one of the world's richest men - was a...

Titas profit soars 29pc on non-operating income

Titas profit soars 29pc on non-operating income

FE REPORT 2023-01-27 09:14:14

Titas Gas Transmission & Distribution Company's profit jumped around 29 per cent year-on-year for Q2 of the FY23 ended in December last year, driven mainly by interest income and gas price hike....

Walton comes out of the red in Q2

Walton comes out of the red in Q2

FE REPORT 2023-01-27 09:08:31

Walton Hi-Tech Industries secured a profit of Tk 604.58 million in the second quarter of the FY23, a significant improvement from the loss incurred in the previous quarter. However, year-on-year prof...

IBM cuts 3,900 jobs, misses annual cash target

IBM cuts 3,900 jobs, misses annual cash target

-- 2023-01-26 10:13:16

IBM Corp on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer around beating revenue expectations in the fourth quarter, repor...

Singer’s revenue rises but profit plunges in 2022

Singer’s revenue rises but profit plunges in 2022

FE REPORT 2023-01-26 09:15:22

Singer Bangladesh reported a turnover of Tk 17.10 billion for the year ended in December 2022, growing at an 8.10 per cent from the previous year. The profit, however, fell around 86 per cent durin...

Berger's Q3 profit hit by currency shock

Berger's Q3 profit hit by currency shock

FE ONLINE DESK 2023-01-26 09:05:45

Berger Paints reported a 15.9 per cent year-on-year fall in profit in the third quarter of the FY23 ended in December despite a 4.29 per cent revenue growth during the time. It saw its profit slide a...

Asia shares trading mixed, China markets closed for holidays

Asia shares trading mixed, China markets closed for holidays

FE ONLINE DESK 2023-01-25 11:37:53

Asian shares were mixed Wednesday after Wall Street indexes finished little changed as investors awaited earnings results from major global companies. Shares rose in Tokyo and Seoul, but fell in Sydn...

Marico's Oct-Dec profit growth outstrips two previous quarters

Marico's Oct-Dec profit growth outstrips two previous quarters

FE REPORT 2023-01-25 08:59:09

Marico Bangladesh reported a 13.1 per cent profit growth year-on-year to Tk 861.51 million in Oct-Dec last year. As a result, the earnings per share rose to Tk 30.93 for the third quarter of the FY23...

Simtex's profit falls marginally as import cost spikes

Simtex's profit falls marginally as import cost spikes

FE REPORT 2023-01-25 08:56:35

Simtex Industries saw a moderate decline in earnings per share (EPS) in October-December 2022, compared to the same quarter of the previous year mainly due to increased import costs. It has reported...

As stabilisation fund rolls out, investors reap benefits

As stabilisation fund rolls out, investors reap benefits

Mohammad Mufazzal 2023-01-24 08:57:44

Saif Imam Zamir in September last year received Tk 0.142 million in cash dividend after he had claimed returns yet to be paid by a company where his mother invested 29 years ago. As many as 283 mor...

Peninsula Chittagong's EPS plunges 76pc

Peninsula Chittagong's EPS plunges 76pc

FE REPORT 2023-01-24 08:55:20

Peninsula Chittagong incurred a loss of 29.73 million in July-December (H1) of the fiscal 2023 against a profit of Tk 75.79 million in the same period of the previous year. It reported a profit of Tk...

Pharma Aids reports first loss since 2018

Pharma Aids reports first loss since 2018

FE REPORT 2023-01-23 09:48:46

Pharma Aids incurred a loss of Tk 2.36 million for the second quarter of the FY23 in its first time since 2018 mainly due to a sharp rise in expenses. The ampoule producer has reported that sales fel...

Appellate Division approves Kay & Que-MultiSourcing merger

Appellate Division approves Kay & Que-MultiSourcing merger

FE REPORT 2023-01-23 09:47:55

Listed Kay & Que (Bangladesh) now has no bar to execute its plan of merger with IT company MultiSourcing Limited after receiving the go-ahead from the Appellate Division. The High Court earlier i...

Regulator finds 68 brokers guilty of siphoning money

Regulator finds 68 brokers guilty of siphoning money

Mohammad Mufazzal 2023-01-22 09:11:34

On a fine Monday morning in June 2020, investors discovered that the owner of Crest Securities Md Shahid Ullah absconded with Tk 420 million from the funds of its clients, having shut the brokerage fi...

Ten most-traded firms grab 35pc of turnover

Ten most-traded firms grab 35pc of turnover

FE REPORT 2023-01-21 10:04:42

Ten most-traded companies accounted for 35 per cent of transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with Genex Infosys dominating the turnover list. Buoyed by the IT firm's...

Weekly Market review: Stocks gain ground as investors return

Weekly Market review: Stocks gain ground as investors return

FE REPORT 2023-01-21 10:02:22

Stocks extended the winning streak for a second week straight to Thursday as the optimistic investors kept their buying binge on sector-specific issues in anticipation of quick gains. Of the five tra...

DSE revises three lists of listed securities

DSE revises three lists of listed securities

FE REPORT 2023-01-20 10:21:56

The Dhaka Stock Exchange (DSE) has revised three lists of listed securities for three indices. All three rebalanced indices - the DSE broad index DSEX, DS30 index, and DSE SME Growth Index (DSMEX) -...

Reasons may vary but latest monetary policy is likely to boost capital market

Reasons may vary but latest monetary policy is likely to boost capital market

BABUL BARMAN 2023-01-20 10:18:27

The Bangladesh Bank's latest monetary policy removing the deposit floor rate is expected to improve the liquidity condition in the stock market, said EBL Securities. Savers will direct a part of thei...

BSEC bans auditor of scam-hit MFs

BSEC bans auditor of scam-hit MFs

FE REPORT 2023-01-19 15:01:55

The securities regulator has banned Ahmed Zaker & Co. Chartered Accountants, an audit firm, for not attending the hearing scheduled as part of an enquiry into four scam-hit mutual funds. The Bang...

Prime Islami Life shows mismatch in financial statements

Prime Islami Life shows mismatch in financial statements

FE REPORT 2023-01-19 10:41:49

Stock price of Prime Islami Life Insurance rose 2.36 per cent to close at Tk 60.60 on Tuesday, even though its auditor reported a mismatch in its financial statements for the year ended in December 20...

Here is why some stocks swing while others don't

Here is why some stocks swing while others don't

MOHAMMAD MUFAZZAL 2023-01-19 10:25:28

The Dhaka Stock Exchange (DSE) enquired in 2021 and 2022 about the reasons behind the abnormal price hikes of Gemini Sea Food on the prime index. Not only did the stock demonstrate abnormal rises but...

DSE daily turnover scales over Tk 9b-mark on buying spree

DSE daily turnover scales over Tk 9b-mark on buying spree

FE REPORT 2023-01-18 10:41:35

Stocks rallied on Tuesday with turnover scaling Tk 9 billion-mark as investors were in a buying spree with the hope that the macroeconomic pressure would ease in the coming days. Investors went for b...

Sea Pearl Beach Resort takes off on interest waiver, a matter still unsettled

Sea Pearl Beach Resort takes off on interest waiver, a matter still unsettled

BABUL BARMAN 2023-01-18 10:30:56

Sea Pearl Beach Resort and Spa has been flying high on the Dhaka Stock Exchange (DSE) as news has been circling around that it would get a big amount of interest waived by state-owned Investment Corpo...

MTB launches 'Ei Somoyer Islami Banking' campaign

MTB launches 'Ei Somoyer Islami Banking' campaign

FE REPORT 2023-01-17 10:52:39

Mutual Trust Bank (MTB) Limited on Monday formally launched a special campaign called 'Ei Somoyer Islami Banking', in order to promote its shariah-based banking operations 'MTB Yaqeen'. The top offic...

BSEC forms Shariah Advisory Council to attract investors

BSEC forms Shariah Advisory Council to attract investors

FE REPORT 2023-01-17 10:12:50

The securities regulator has formed a nine-member Shariah Advisory Council to facilitate the issuance of shariah-based securities and formation of Islamic Capital Market. Bangladesh Securities and Ex...