DSEX hits five-week low as ‘Z’ stocks soar
Despite the equity benchmark index plunging to a five-week low this week, shares of underperforming companies, known as junk stocks, saw an unexpected surge, signalling potential market manipulation.Over the past few weeks, six of the top ten weekly gainers have come from the 'Z' category, prompting analysts to raise concerns...
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Khan Brothers tops turnover chart as it joins DS30 index
FE REPORTThe ten most-traded companies accounted for one-fifth of the turnover on the Dhaka Stock Exchange (DSE) this week, with Khan Brothers PP Woven Bag Industries dominating the chart, driven by its recent inclusion in the blue-chip DS30 index.The prime bourse has rebalanced the DS30 index, adding nine companies to...
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Asia-Pacific markets mixed-----
Asia-Pacific markets traded mixed Friday as investors parse a slew of economic data out of China, reports CNBC.China's economy expanded by 5 per cent year on year in 2024, with an upswing in the final quarter of the year. The country's fourth-quarter GDP beat expectations with a 5.4 per cent...
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Global equity funds see sharp drop in demand
Demand for global equity funds declined sharply in the week through January 15, as US Treasury yields rose and expectations for the Federal Reserve's interest rate cuts fell following a robust jobs report, reports Reuters.Global equity funds witnessed just $37.79 million worth of net purchases during the week, the smallest...
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US mid-sized banks ride industry upswing on robust fee income
A raft of US banks reported higher fourth-quarter profits on Friday, extending a winning streak for the industry as an upswing in capital markets alleviated a hit from weaker loan demand, reports Reuters.Long believed to be the stronghold of Wall Street heavy hitters such as JPMorgan Chase and Goldman Sachs,...
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