Stock Market

A top regulatory official on Monday said an “unholy game” is going on in the capital market involving issuers, issue managers, audit firms, and the company management to cheat the public and state.

Chinese shares are turning out to be an unconventional safe haven of sorts. Following the U.S. Federal Reserve’s emergency interest rate cut, U.S. equities fell while gold jumped, suggesting many investors are sceptical about the utility of looser money. The benchmark stock index in China, however, has improved by a …

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 1.3%. Australian shares were down 1.64%, while Japan’s Nikkei stock index slid 2.29%.

Unique saw 13.5 percent of its share values wiped off the Dhaka Stock Exchange in nine business days since her arrest on Feb 22 and subsequent expulsion from the Jubo Mohila League for allegedly running escort services at the five-star hotel.

The government’s revenue earnings from the Dhaka Stock Exchange (DSE) fell 38 per cent year-on-year in eight months in the current fiscal year as trading volume was on the decline.

Envoy Textiles will raise a capital worth Tk 870 million issuing cumulative preference shares to expand business and repay high cost debt. 

The Dhaka Chamber of Commerce and Industry (DCCI) put forward on Monday a set of recommendations to the government that include development of bond market and infrastructure for the country’s economic development.

Share prices in Asia have reversed early losses after Japan’s central bank promised to support markets.   It comes after official data showed that Chinese factory activity fell in February at the fastest rate on record.

Stocks extended the losing streak for the seven straight sessions on Sunday as worried investors continued to dump their holdings, fearing further fall of share price.

Stocks tumbled in the outgoing week as worried investors’ dumped their holdings amid concern on the looming impact of the single-digit interest rate on the banking business.