Stock

Market cap jumped but index fell: Was it a technical error?

Market cap jumped but index fell: Was it a technical error?

Although the prime index of the Dhaka bourse plummeted 70 points, or 1.17 per cent, the market cap surged by Tk 277 billion or 4 per cent on Monday, from the day before. Analysts described the data as "unusual" and suspected "technical error" in the calculations. The common trend is when the marke

Investors need a reality check before joining SME stocks' rally

Investors need a reality check before joining SME stocks' rally

The SME market index soared 259 points, or 20 per cent, in the month to Thursday amid an influx of investors at a time when the main market has been enduring price erosion. During the time, the prime index eroded 426 points, plummeting to three-year low to 5,968 on Thursday against the backdrop of

Weekly market review: DSE key index sinks below 6000-mark

Weekly market review: DSE key index sinks below 6000-mark

Stocks witnessed yet another setback this week, with the prime index of the Dhaka bourse tumbling to three-year low, as jittery investors dumped their holdings to avoid further erosion of their portfolio. Analysts said the market was already bearish after withdrawal of 'floor price' from the lar

Renata to issue preferred stock in drive to slash finance costs

Renata to issue preferred stock in drive to slash finance costs

Renata plans to shed its loan burden further by issuing five-year preference shares, having witnessed profit erosion in FY23 and the first half of FY24 mainly due to a jump in its finance costs. It received approval of the Bangladesh Securities and Exchange Commission (BSEC) on Thursday for issu

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