Profit-booking pulls stock down
Stocks extended the losing streak for a second straight week to Thursday as the risk-averse investors opted to book profit on quick-gaining issues while some were busy rebalancing their portfolios based on the latest quarterly earnings results.The dismal financial performance of most listed companies prompted investors to continue reshuffling their...
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Ten most-traded firms account for 50pc of weekly DSE turnover
The ten most-traded firms accounted for 49.42 per cent of the transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with Genex Infosys dominating the turnover list for a fifth straight week.Genex Infosys have been leading the market over the past few weeks as investors chased its shares,...
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Asia-Pacific markets fall
Asia-Pacific markets traded mostly lower with the exception of Japan as the yen pushed higher against both the euro and US dollar on Friday, reports CNBC.This follows a Nikkei report which said Kazuo Ueda would be appointed as the Bank of Japan's next governor. The yen strengthened 0.77 per cent...
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Chinese IPOs are coming back to the US
BEIJING, Feb 10 (CNBC): Chinese startups are raising millions of dollars in US stock market listings again, after a dry spell in the once-hot market.Hesai Group, which sells "lidar" tech for self-driving cars, listed on the Nasdaq on Thursday. Shares soared nearly 11 per cent in the debut.The company raised...
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Adani crisis deepens as Moody's downgrades ratings outlook
NEW DELHI/SYDNEY/NEW YORK, Feb 10 (Reuters): Moody's downgraded on Friday the ratings outlook for some Adani Group companies, while MSCI said it would cut the weightings of some in its stock indexes, the latest blows for the Indian conglomerate plunged into crisis by a short-seller's report.New York-based short-seller Hindenburg Research...
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