News Briefs (2022-04-16)

CAPM declares
Unit Fund NAV
CAPM Company Limited has declared the Net Asset Value (NAV) of CAPM Unit Fund. The total NAV of CAPM Unit Fund stood at Tk 133,013,153.52 on the basis of cost price and Tk 150,624,910.90 on the basis of market price at the close of the operations on April 13. The NAV per unit at cost price and market price of the fund are Tk 116.61 and Tk 132.05 respectively against face value of Tk 100 per unit. Per unit subscription and surrender prices of the CAPM Unit Fund have been re-fixed at Tk 132.05 and Tk 131.65 respectively. The prices will remain valid from April 17 until announcement of the next NAV. — Statement
BDBL Mutual
Fund 01 NAV
CAPM Company Limited has declared the Net Asset Value (NAV) of CAPM BDBL Mutual Fund 01. The total NAV of CAPM BDBL Mutual Fund 01 stood at Tk 550,335,125.74 on the basis of cost price and Tk 640,007,888.00 on the basis of market price at the close of the operations on April 13. The NAV per unit at cost price and market price of the fund are Tk 10.98 and Tk and 12.77 respectively against face value of Tk 10 per unit. — Statement
Goldman Sachs, Morgan Stanley to lead Intel's Mobileye IPO
Intel's Mobileye has tapped investment banks Goldman Sachs Group and Morgan Stanley to lead preparations for the initial public offering of the self-driving car unit, according to three people familiar with the matter. The stock market flotation, which is set to launch later this year, could value Mobileye at as much as US$50 billion, the sources said, cautioning that the timing, valuation and size of the IPO are subject to market conditions. The amount to be raised in the IPO could not be learned and the sources requested anonymity because details of the IPO preparations are confidential. Representatives for Intel and Mobileye did not respond to requests for comment. Morgan Stanley and Goldman Sachs declined to comment.— Reuters
Tokyo shares close lower
TOKYO, Apr 15: Tokyo stocks closed lower on Friday as investors sold chip-related stocks, after losses on Wall Street over concerns about higher interest rates. The benchmark Nikkei 225 index slid 0.29 percent, or 78.81 points, to end at 27,093.19, while the broader Topix index lost 0.62 percent, or 11.74 points, to 1,896.31. "The Nikkei index opened lower following losses on the three US major indexes. A wide variety of shares, especially chip-related ones, were sold," Okasan Online Securities said in a note. The yield on the 10-year US Treasury note surged above 2.8 percent, resuming an upward climb after Wednesday's pullback helped boost stocks. — AFP