Briefing 2022-09-30

Stocks finish green amid cautious trading

Stocks managed to close marginally up for a second straight session on Thursday as the bargain hunters showed their buying appetite for selective issues ahead of corporate declarations by June-closing firms. The market opened on a positive note but erased all the gains after the first half of the trading session as shaky investors rushed to lock in profit from quick-gaining stocks. Later, the benchmark equity index tried to bounce back amid dull activity. Page 9

Suu Kyi, her Australian aide get 3 yrs’ jail

An Australian professor and former adviser to Myanmar's ousted leader Aung San Suu Kyi has been jailed for three years by military authorities. Sean Turnell was detained in Yangon in February 2021, days after the junta arrested Ms Suu Kyi and overthrew her elected government in a coup. Page 17

Oil price rises towards $90

Oil prices firmed on Thursday, erasing earlier losses, on indications that OPEC+ might cut output, though a stronger dollar and weak economic outlook kept a lid on gains. Brent crude futures rose 52 cents, or 0.6 per cent, to $89.84 a barrel and US crude futures rose by 52 cents, or 0.6 per cent, to $82.67. Page 19

Tigers fly today for tri-series, T20 WC

Bangladesh cricket team will leave for New Zealand today (Friday), report agencies. Ahead of the T20 World Cup, which will be played in Australia next month, Bangladesh will participate in a tri-series T20 in New Zealand that also involves Pakistan. Page 15