Dhaka February 23, 2025, 12:39 am
Stocks continued its losing streak for the second consecutive week that ended on Thursday, reflecting a lack of investors' confidence in the likelihood of a turnaround.
Ten most-traded companies captured one-fourth transaction of the Dhaka Stock Exchange (DSE) Monday while Fortune Shoes topped the chart for the six straight sessions.
Market analysts said investors mostly adopted cautious stance in the holy month of Ramadan while some others sold their shares after a number of companies reported disappointing quarterly earnings.
Boss Dara Khosrowshahi was among those who rang the opening bell of the New York Stock Exchange to begin trading.
Asian shares were mixed in thin trading on Friday after a discouraging day on Wall Street. News reports highlighting obstacles in the way of a China-US trade deal also weighed on sentiment.
The prices of most of the shares on bourses witnessed upward trend in early trading on Tuesday as some investors are active on sector-wise issues.
Stocks rebounded in the outgoing week, snapping a 13-week losing streak, as the securities regulator took a series of market-supportive measures.
Finance minister, AHM Mustafa Kamal, said he does not see any major problem in the prevailing trend in the capital market.
The Financial Reporting Council (FRC) has asked all listed companies and respective auditors to prepare 'accurate' and 'truthful' financial statements.
Market analysts cited some reasons including presence of a strong placement market, dearth of quality stocks, lack of investors' confidence, shortage of liquidity for the erosion in stock prices.
He said this at a pre-budget meeting held at the NBR headquarters against a backdrop of the confusion arisen after publication of a news story that stated, "NBR would make TIN obligatory to open BO accounts."
An IPO of this size would make Uber one of the biggest technology IPOs of all time
The market opened on upward note and the positive trend sustain until end of the session with modest volatility.
Stocks closed on Sunday of the week with downward trend due mainly to price fall in large-cap securities despite higher transactions.
The initial public offering (IPO) subscription of Coppertech Industries opens today (Sunday).
Stocks plummeted for the ninth straight week that ended on Thursday, while turnover continued its downtrend as edgy investors kept dumping financial shares.
Two listed banks and a non-bank financial institution (NBFI) declared dividend last week.
Asian markets were gripped by volatility Thursday as investors grow increasingly worried about the state of the global economy, sending them rushing to safe-haven assets and fuelling talk of possible recession.
Brac Bank was the most traded stocks till then with shares worth Tk 102 million changing hands, closely followed by JMI Syringes, National Polymer, Monno Ceramic and Dutch-Bangla Bank.
The multinational company has recommended 500 per cent cash and 200 per cent dividend for the year ended on December 31, 2018.
