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US Stock Indices in the Green on the Past Week

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Despite a robust earnings season and a positive quarterly GDP report, US stock indices struggled to gain momentum. The S&P 500, NASDAQ, and Dow all experienced declines of over 2% during the week, marking the sixth negative week out of the last eight for the S&P 500.

On Wednesday, the NASDAQ’s 2% drop pushed the index more than 10% below its recent high from July 19, officially entering correction territory. Following suit, the S&P 500 also entered correction territory on Friday after falling more than 10% below its peak on July 31. This decline led both indices to their lowest levels since May.

Reviewing the US Stock Markets, the Nasdaq Composite, recorded a decent gain of 835 points, reaching a closing value of 13,478 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, gaining 241 points to settle at 4,358 points. Meanwhile, DJIA Index experienced a notable hike, rising by 1,644 points during the week and concluding at 34,061 points after a week of gain.

In contrast, Russell 3000 Index saw a gain  in week performance, with a slight gain of 142 points to reach 2,493 points by the end of the week.

Moving to Russell 2000 Index, demonstrated a notable hike of 124 points, ending the week at 1,760 points.

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DSEX Fell 178 points in 4 Working Days amidst Shallow Turnover

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dse bearish market bourse turnover index

Dhaka Stock Exchange DSE, Bourse on the last working day of the week, April 18th, ended with a drop in Indices and hike in Turnover from the previous working session. This information is known from DSE sources.

522 crore 51 lakh taka shares were traded on this day. 39 crore 97 lakh more tradings were done in DSE today compared to the previous workday, 17th April , Shares worth Tk 482 crores 53 lakh shares were traded last time, Wednesday.

The benchmark DSEX lost 77.08 points or 5,686 The Shariah-based index DSES dropped 15.85 points or 1,246, and the blue-chip index DS30 decreased by 22.77 points or 1,984.

Of the issues traded, 29 advanced, 342 declined and 24 remained unchanged.

Asiatic laboratories Limited ranked top gainer on DSE, the share price increased by Tk 4.60 paisa or 9.96 percent. On this day, the share was last traded at Tk 50.80 paisa.

Far East Finance & Investment Limited ranked top loser on the DSE, the share price dropped by Tk 0.30 paisa or 6.97 percent. On this day, the share was last traded at Tk 4.00 paisa.

DSE topped on trade is Asiatic Laboratories Limited 39 crore 22 lakh takas of company shares have been traded.

A total of 40 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 47 lakh 25 thousand 651 shares of the companies were traded. The financial value of which is 17 crore 46 lakh taka

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Agni Systems releases Q3 Financials

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agni systems

One of the listed companies, Agni Systems limited discloses its financial reports for the third quarter, (January – March 24).

The company’s earnings per share (EPS) was Tk 0.32 paisa in Q3 of the current financial year (January – March 24). EPS was Tk 0.27 paisa during the same period last year. NAV per share was Tk. 16.37 as of March 31, 2024.

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Dutch Bangla Bank Declares 35% Dividends

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Dutch-Bangla Bank

One of the Listed companies, Dutch Bangla Bank PLC has recommended 17.5% Cash Dividends & 17.5% Stock Dividends for the year ended December 31, 2023.

In terms of financial performance, The Company has further informed Consolidated EPS of Tk. 10.72 for the year ended December 31, 2023. The Company has also reported Consolidated NAV per share of Tk. 64.41 for the year ended December 31, 2023.

The Annual General Meeting (AGM) of the company will be taking place on June 09, through the digital platform. The record date for this has been fixed at May 9.

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