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GPH Ispat in the red for first time for foreign loan, currency shock

GPH Ispat in the red for first time for foreign loan, currency shock

FE REPORT 2022-12-23 09:02:11

GPH Ispat Limited reported losses for the first quarter (Q1) ended in September 2022 for the first time since its listing on the bourses owing to costlier raw materials and exchange losses in foreign...

Yeakin Polymer may return to full production after ownership change

Yeakin Polymer may return to full production after ownership change

FE REPORT 2022-12-22 12:06:02

Yeakin Polymer is likely to return to full-scale production after the change of ownership already approved by the regulator in May. Its business collapsed just two years after it raised Tk 200 millio...

BSEC withdraws floor price of 169 listed companies

BSEC withdraws floor price of 169 listed companies

FE ONLINE DESK 2022-12-21 19:00:23

Bangladesh Securities and Exchange Commission (BSEC) has withdrawn the floor price of 169 listed companies, according to BSS. The stock market regulator informed the decision in an order issued on We...

Top dividend provider Reckitt Benckiser looks to overcome adversities soon

Top dividend provider Reckitt Benckiser looks to overcome adversities soon

BABUL BARMAN 2022-12-21 09:16:28

Reckitt Benckiser says it will soon bounce back overcoming short-term challenges that caused its profit fall by 14 per cent year-on-year in the nine months through September. The multinational compan...

Xiaomi to slash 15pc of jobs

Xiaomi to slash 15pc of jobs

-- 2022-12-20 10:54:40

China's Xiaomi Corp has started laying off workers in several units of its smartphone and internet services business, reducing its workforce by about 15 per cent, the South China Morning Post reported...

Stocks' abnormal rise after relisting on main index

Stocks' abnormal rise after relisting on main index

Mohammad Mufazzal 2022-12-20 09:06:01

Three out of four companies have showed surprising performance in the Dhaka Stock Exchange after their transfer from the Over-the-Counter market in June last year. Representatives of the companies...

Libra Infusions declares losses in 2-year pending quarterly reports

Libra Infusions declares losses in 2-year pending quarterly reports

FE REPORT 2022-12-20 09:05:11

Libra Infusions' losses widened 23 per cent year-on-year in the nine months through March 2021 as the company published pending quarterly results on Monday. It has reported a loss of Tk 6.44 per shar...

Adjusting banks' capital market overexposure: BB extends time until Dec 2023

Adjusting banks' capital market overexposure: BB extends time until Dec 2023

FE REPORT 2022-12-20 08:57:52

The Bangladesh Bank (BB) has extended the timeframe by one more year to bring the commercial banks' overexposure limit on the capital market to the permissible level. The central bank's Department of...

SME stocks plunging since October despite generous dividends

SME stocks plunging since October despite generous dividends

BABUL BARMAN 2022-12-19 09:04:22

A majority of the companies listed with the SME board plunged since the first week of October, driving down the index by 23 per cent or 373 points to 1,277. Interestingly, the decline coincided with...

Asiatic Laboratories eyes to float IPO in Jan

Asiatic Laboratories eyes to float IPO in Jan

FE REPORT 2022-12-19 09:01:05

Asiatic Laboratories is all set to float the first IPO of 2023, giving individual investors an opportunity to buy its primary shares at a 60 per cent discount to the price fixed for eligible investors...

Scam-hit FAS Finance searches for new investors to make a comeback

Scam-hit FAS Finance searches for new investors to make a comeback

MOHAMMAD MUFAZZAL 2022-12-18 10:20:19

More than a year after the restructuring of the board of directors, scam-hit FAS Finance and Investment is yet to become functional again. Overburdened with loss and bad loans, it is in another uphil...

Elon Musk's team seeks new funding for Twitter

Elon Musk's team seeks new funding for Twitter

-- 2022-12-17 15:00:38

Elon Musk’s team has reached out to investors to raise new funds for his struggling social media platform Twitter, one of the investors said. Ross Gerber, president and CEO at Gerber Kawasaki W...

Goldman Sachs to cut thousands of staff

Goldman Sachs to cut thousands of staff

-- 2022-12-17 10:38:26

Goldman Sachs Group is planning to cut thousands of employees to navigate a difficult economic environment, a source familiar with the matter said. The layoffs are the latest sign that cuts are accel...

Asian shares decline after retreats on Wall Street, Europe

Asian shares decline after retreats on Wall Street, Europe

FE ONLINE DESK 2022-12-16 13:54:21

Asian shares followed Wall Street and Europe lower on Friday, with markets jittery over the risk that the Federal Reserve and other central banks may end up bringing on recessions to get inflation und...

Two DSE shareholder directors elected uncontested

Two DSE shareholder directors elected uncontested

FE REPORT 2022-12-16 10:50:59

Two outgoing shareholder directors at the Dhaka Stock Exchange were reelected for the posts for the next three years until 2025 as no one else came forward to compete with them. The election went unc...

HC seeks explanation of inaction against IPO rules breach

HC seeks explanation of inaction against IPO rules breach

SAJIBUR RAHMAN 2022-12-16 09:48:44

A High Court (HC) rule asked the authorities concerned as to why their inaction against a publicly-listed company for fraudulence and false statements in its prospectus should not be declared illegal....

Small cos emerge as market movers while giants stay unmoved from floor

Small cos emerge as market movers while giants stay unmoved from floor

FE REPORT 2022-12-16 09:24:03

A handful of low-cap companies pulled the index into the green this week as political tension eased a bit and large-cap companies remained reluctant to budge from the floor. The stocks -- Kohinoor Ch...

HC issues rule against BSEC, DSE, CSE for failing to regulate Acme Pesticides Ltd

HC issues rule against BSEC, DSE, CSE for failing to regulate Acme Pesticides Ltd

SAJIBUR RAHMAN 2022-12-15 18:03:19

The High Court issued a rule asking the authorities concerned to show causes as to why their inaction or failure to take action against a public listed company for its fraudulent conduct and false sta...

Elon Musk sells Tesla shares worth $3.58 billion

Elon Musk sells Tesla shares worth $3.58 billion

-- 2022-12-15 10:22:11

Tesla Chief Executive Officer Elon Musk has sold 22 million shares worth $3.58 billion in the electric-vehicle maker this week, a US securities filing showed on Wednesday. The latest sale, Musk'...

BSEC plans cash dividend transfer to BO accounts to spur reinvestment

BSEC plans cash dividend transfer to BO accounts to spur reinvestment

MOHAMMAD MUFAZZAL 2022-12-15 08:59:51

The securities regulator has been thinking hard about introducing a provision that will require cash dividends to be deposited into investors' BO (beneficiary owner's) accounts, instead of bank accoun...

Blemished by scams, bank stocks lose value more than key index

Blemished by scams, bank stocks lose value more than key index

BABUL BARMAN 2022-12-14 09:11:20

The banking sector has experienced annual erosion of stocks' market capitalization to the economic volatility at a higher rate than the overall market, with the newly-listed Union Bank and Global Isla...

Islami Commercial Insurance makes debut trading today

Islami Commercial Insurance makes debut trading today

FE REPORT 2022-12-14 09:09:59

Islami Commercial Insurance Company will make its trading debut on the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) under "N" category today (Wednesday). It will be the 56th lis...

Banco Finance MD, his family face penalties for breach of rules

Banco Finance MD, his family face penalties for breach of rules

FE REPORT 2022-12-14 08:57:34

The securities regulator has imposed penalties amounted to Tk 235.5 million on six individuals and a company for violation of rules. Managing Director of Banco Finance and Investments Mohammad Hamd...

Good stocks fail to boost long-term investments, despite impressive yields

Good stocks fail to boost long-term investments, despite impressive yields

Mohammad Mufazzal 2022-12-13 09:06:37

The regulatory body and experts' repeated insistence on long-term stock investments for high returns falls on deaf ears, reflected in the overall market's behaviour. But a quick calculation may help...

Index Agro to expand capacity to meet higher demand

Index Agro to expand capacity to meet higher demand

FE REPORT 2022-12-13 09:05:31

Index Agro Industries - a manufacturer of poultry, fish and cattle feed - has decided to invest Tk 140 million to enhance its raw material storage capacity in the feed mills division at Valuka in My...

Stocks open higher with increased participation

Stocks open higher with increased participation

FE ONLINE REPORT  2022-12-12 12:00:51

Stocks opened marginally higher on Monday as bargain hunters showed their appetite for buying sector-wise stocks amid eased political tension. Following the previous day’s upbeat trend, the mar...

Low rights offering: Result of prevention of abuse

Low rights offering: Result of prevention of abuse

BABUL BARMAN 2022-12-12 09:21:55

The seven-year-low fund raised via rights shares this year has been blamed largely on the tightening of regulatory measures, but experts believe the decline happened to the advantage of investors with...

BSC no longer loss-making entity, says minister

BSC no longer loss-making entity, says minister

NAZIMUDDIN SHYAMOL 2022-12-12 09:19:23

CHATTOGRAM: Once a losing concern, the Bangladesh Shipping Corporation had earned much more than spent in the last three consecutive financial years while its net profits also significantly rose in th...

Stocks open higher as political tension eases

Stocks open higher as political tension eases

FE ONLINE REPORT 2022-12-11 11:36:40

Stocks opened higher on Sunday as the bargain hunters showed their buying appetite on sector-wise stocks following eased political tension to some extent as BNP rally held peacefully on Saturday. Mar...

Market diversification: A shield yet to be strong enough to protect investors

Market diversification: A shield yet to be strong enough to protect investors

Mohammad Mufazzal 2022-12-11 09:05:54

Thousands of investors burnt their fingers in the stock market debacles in 1996 and 2010, and many of them are yet to recover from the financial damages inflicted on them in the latest incident. Th...