Stocks rebound as bank shares shine
The equity market saw a rebound this week as bargain hunters sought to capitalise on attractive bank stocks amid renewed optimism following a challenging 2024, which witnessed the largest fall in four years.The New Year started on a positive note, with opportunistic investors taking advantage of oversold stocks that had...
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Ten firms account for 28pc of DSE weekly turnover
The ten most-traded firms accounted for more than 28 per cent of weekly turnover on the Dhaka Stock Exchange (DSE), with Orion Infusion dominating the chart for the second week in a row.Orion Infusion, a concern of Orion Group, continued to dominate the turnover chart as investors opted for booking...
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Biden blocks Nippon Steel's bid for US Steel
WASHINGTON, Jan 3 (Reuters): US President Joe Biden on Friday followed through on his pledge to block Nippon Steel's $14.9 billion bid for US Steel, citing concerns the deal could hurt national security.The move, long expected, cuts off a critical lifeline of capital for the beleaguered American icon, which has...
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Global equity fund inflows drop on higher US bond yields
Demand for global equity funds shrank in the week through January 1, as higher US Treasury yields led to caution and investors took profits during the year-end trading lull, reports Reuters.Data from LSEG Lipper showed that investors added a net $4.93 billion worth of global equity funds, an 86% drop...
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