Market bounces back on strong earnings outlook
The equity benchmark index rebounded this week as bargain hunters renewed their buying appetite for specific stocks amid fresh optimism fuelled by stronger-than-expected earnings reports from some companies.Buyers remained on the dominant side as investors chased oversold stocks, which they deemed lucrative at the prevailing price levels.The market's upward momentum...
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City Insurance posts 2pc growth in profit
City Insurance PLC posted a 2 per cent year-on-year growth in profit to Tk 210 million for 2024 amid ongoing macroeconomic challenges. The company announced a 10 per cent cash dividend for the year.The general insurer's earnings per share (EPS) stood at Tk 3.08 in 2024, up from Tk 3.02...
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Global equity funds face outflows as US tariff threat fuels caution
Global equity funds saw their second weekly outflow in seven weeks by February 5, as investors became more cautious following US President Donald Trump's announcement of steep tariffs on Mexico, Canada, and China, reports Reuters.However, the selling pressure eased after Trump postponed the tariffs on Canada and Mexico.Investors sold a...
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Shein to slash valuation to $50b in London IPO
DUBAI/HONG KONG, Feb 7 (Reuters): Online fast-fashion retailer Shein is set to cut its valuation in a potential London listing to around $50 billion, said three people with knowledge of the matter, nearly a quarter less than the company's 2023 fundraising value amid growing headwinds.The company's business prospects have come...
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