Market stumbles amid profit-booking pressure
Stocks slipped back into the red this week after a huge jump the previous week, as risk-averse investors chose to lock in profits on quick-gaining shares.The correction was due to profit taking on stocks that saw irrational price appreciation the previous week after the fall of Sheikh Hasina-led government, according...
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GP leads weekly turnover chart after two years
Grameenphone, the largest stock in terms of market capitalisation, topped the weekly turnover chart of Dhaka Stock Exchange (DSE) this week for the first time in two years, as buoyant investors poured fresh funds into the market amid renewed optimism.This week's top ten turnover list mostly featured fundamentally strong stocks,...
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Global money market funds draw second weekly inflow amid US economic uncertainty
Global investors poured into money market and government bond funds in the week to August 14, preferring to stick with lower risk assets while waiting for more clarity on the health of the US economy, reports Reuters.According to LSEG data, investors purchased a net $14.24 billion in global money market...
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Japan's Nikkei clocks best week in 4 yrs amid a broad rally in Asia markets
Japan stocks led gains in Asia on Friday to notch their best week in four years, after Wall Street rallied overnight as fresh economic data eased recessionary fears, reports CNBC.The Nikkei 225 jumped 3.64 per cent to cross 38,000 for the first time since Aug. 1. On a weekly basis,...
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India bond yields track US peers higher
MUMBAI, Aug 16 (Reuters): Indian government bond yields ended higher on Friday, tracking US peers, after strong economic data curtailed expectations of an aggressive Federal Reserve rate cut next month.The benchmark 10-year yield ended at 6.8700 per cent, compared with its previous close of 6.8580 per cent. The yield ended...
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