News Briefs (2022-05-28)

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 83,323,057.08 on the basis of cost price and Tk 95,867,628.58 on the basis of market price at the close of the operations on May 26. The NAV per unit at cost price and market price of the fund are Tk 113.40 and Tk 130.47 respectively against the face value of Tk 100 per unit. Per unit subscription and surrender prices of the CAPM Unit Fund have been re-fixed at Tk 130.47 and Tk 130.07 respectively. The prices will remain valid from May 29 until the announcement of the next NAV. — Statement

NAV of IBBL
Islamic MF
CAPM Company Limited has declared the Net Asset Value (NAV) of CAPM IBBL Islamic Mutual Fund. The total NAV of CAPM IBBL Islamic Mutual Fund stood at Tk 714,380,611.82 on the basis of cost price and Tk 833,289,106.84 on the basis of market price at the close of the operations on May 26. The NAV per unit at cost price and market price of the fund are Tk 10.69 and Tk 12.46 respectively against the face value of Tk 10 per unit. — 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 551,354,684.29 on the basis of cost price and Tk 634,228,506.46 on the basis of market price at the close of the operations on May 26. The NAV per unit at cost price and market price of the fund are Tk 11.00 and Tk 12.65 respectively against the face value of Tk 10 per unit. — Statement

Alibaba, Tencent
post slowest
revenue growth
BEIJING: Chinese tech giants Alibaba, Tencent and JD.com have all posted their slowest revenue growth on record as Covid and Beijing's tech crackdown took their toll. Reflecting the economic slowdown, e-commerce giant Alibaba reported on Thursday a drop in online shopping for its two main China platforms in the quarter ended March 31. The company's total revenue rose by 9 per cent in the latest quarter from a year ago -- the slowest on record, according to financial history accessed through Wind Information. Tencent's revenue for the quarter was little changed, while JD.com saw a roughly 18 per cent increase from a year ago -- both the slowest on record, according to Wind data. Alibaba shares soared by nearly 15 per cent in New York trading overnight after reporting better-than-expected results. JD.com's U.S.-listed shares rose by 5 per cent, while Tencent's climbed more than 1 per cent in Hong Kong trading Friday.— CNBC