Shares of loss-making firms rise abnormally
Five listed companies that have an accumulated loss of at least Tk 500 crore each saw their share price rise sharply in the past three months, whereas the stocks of the top profit-makers fell.
25 September 2022, 02:10 AM
AB Bank perpetual bond struggling for subscribers
Financial wellness platform Wagely Bangladesh this week hosted its sixth “wagely day” on the premises of garment manufacturer SQ Group.
23 September 2022, 02:50 AM
3 Orion firms see unusual price hike of stocks
Stocks of Orion Infusion soared more than five times in recent months despite having low earnings per share and repeated warnings from the company that it has no undisclosed information that could have spurred such an abnormal rise.
20 September 2022, 18:00 PM
Foreign funds in stocks flying off amid forex worries
Foreign investors in Bangladesh’s stock market are selling shares en masse as the local currency’s depreciation against the US dollar coupled with various policy changes over the past few years has lowered their confidence in securing adequate returns.
20 September 2022, 02:10 AM
Listed firms build huge reserve of Tk 153,000cr
Listed companies in Bangladesh have built up reserves of Tk 153,000 crore collectively from their respective earnings for use in expansion and to weather out rainy days, when they would otherwise be forced to raise fresh funds from investors or borrow from lenders.
18 September 2022, 02:10 AM
Pran-RFL enters mobile phone manufacturing
The country’s manufacturing and processing behemoth Pran-RFL Group has made a foray into mobile phone manufacturing to capture a slice of the rapidly expanding digital device market in Bangladesh.
15 September 2022, 02:10 AM
Shakib in spotlight again, for all the wrong reasons
Cricket icon Shakib Al Hasan is once again in the spotlight as his name has come up in probes into stock manipulation.
15 September 2022, 02:00 AM
BSEC moves to make issue managers accountable
In its first, the Bangladesh Securities and Exchange Commission (BSEC) has moved to be tougher against the issue managers or merchant banks that have brought low-performing companies to the stock market.
13 September 2022, 03:00 AM
Dollar loan repayment gets costlier as taka slides
The finance costs have at least doubled for the firms that have taken on dollar-denominated loans from external sources owing to the depreciation of the Bangladeshi taka against the American greenback.
13 September 2022, 02:10 AM
Manipulation in stock market lives on despite surveillance
A common scenario in the domestic stock market is low performing stocks becoming the top gainers no matter how the market indices react.
11 September 2022, 02:50 AM
Powered by product variety
Setting prices that reach all segments of society alongside having a myriad of products gives extra mileage to Pran-RFL Group in continuing to expand their business in local and global markets.
10 September 2022, 18:00 PM
Refrigerators, freezers lead Walton sales
Walton Hi-tech Industries’ portfolio is diversified, ranging from home appliances to electric and electronic products, but the items that sell the most are its refrigerators and freezers.
9 September 2022, 03:10 AM
Some entities impede Bida’s OSS
The One Stop Service (OSS) of Bangladesh Investment Development Authority (Bida) is yet to meet expectations due to non-cooperation of some entities, said Md Sirazul Islam, whose tenure as its executive chairman ended last week.
8 September 2022, 03:00 AM
First Commodities Exchange: CSE in talks for smart warehousing, quality control
Chittagong Stock Exchange (CSE) is in discussions with SGS Group and Nippon Express Bangladesh to build a technological ecosystem for smart warehousing facilities and intelligent quality control systems for the country’s first commodities exchange, or futures market.
4 September 2022, 02:20 AM
Familytex manipulated prospectus
Familytex (BD), a listed textile company, lied in its initial public offering (IPO) prospectus by saying that one of its sponsors was a South Korean national in a bid to create a positive impression among general investors, according to a probe.
2 September 2022, 02:40 AM
Low performing stocks surge in bearish market
Investor Abu Sayeed was eagerly buying stocks of Orion Infusion sitting inside a brokerage house in Dhaka last Thursday. The share of the company had almost tripled in the past three months.
31 August 2022, 02:30 AM
Mutual funds fall on NBR’s tax move
The unit prices in the mutual fund sector have dropped over the past few weeks even though they disbursed handsome dividends in recent times as the National Board of Revenue (NBR) suggested deducting source tax from the cash dividend income.
25 August 2022, 02:45 AM
Ex-directors swindle Tk 300cr out of Prime Islami Life Ins
A number of directors of Prime Islami Life Insurance siphoned off more than Tk 300 crore funds by keeping the fixed deposits of the insurer as collateral to secure bank loans for another company, putting policyholders’ interests at risk, according to an audit.
25 August 2022, 02:15 AM
Profit declines for insurers
Most of the listed non-life insurance companies in Bangladesh posted lower profits in the first half of 2022 largely due to a decrease in premium incomes from their marine insurance segment as the country moved to curb imports.
23 August 2022, 02:15 AM
Stocks tax policy scares off long-term investors
The government’s tax measures contradict its plan to turn the stock market into a destination for long-term investments, something apparent in the pace with which individuals and institutions trade shares simply to make a quick buck.
21 August 2022, 02:45 AM