Stocks back in red on political worries
Stocks slipped into the red in the outgoing week after a single-week break, as jittery investors offloaded their holdings to avoid potential losses amid mounting political tensions ahead of national election scheduled for January 7, 2024.The market remained bearish for more than a year since the stock market regulator imposed...
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ICB faces setback amid sluggish market
The spillover impact of the almost stagnant capital market is taking a heavy toll on Investment Corporation of Bangladesh (ICB) as the corporation endured losses of Tk 2.36 billion in the first quarter of FY'24.The lone state-run investment bank had made a Tk 207.9 million consolidated profit for the same...
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Retail investors crowd into Eli Lilly after weight-loss drug approval
Retail flows into Eli Lilly spiked to a more than two-year high in November, as small investors rushed to buy the stock after the US pharma major received a highly anticipated approval for its weight-loss drug Zepbound, reports Reuters. Daily net purchases surged to $14.4 million on Nov. 8, when...
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Global equity funds see surge in inflows on Fed pause hopes
Global equity funds saw significant inflows in the week ending November 15, buoyed by investor hopes that cooler-than-expected US inflation would prompt the Federal Reserve to pause interest rate hikes, reports Reuters.The MSCI World Equity Index hit a two-month peak of 686.32 this week, propelled by US data on Tuesday...
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