Stocks
U.S. Stock Indices in the Green on the Recent Week
U.S. Stock indices experienced modest gains, sustaining a positive trend following a robust rally the previous week, marking the most substantial weekly increase in 2023. In the latest week, the NASDAQ saw an increase of over 2%, the S&P 500 rose by more than 1%, and the Dow recorded a marginal gain.
However, a week after a notable 8% surge, a benchmark for U.S. small-cap stocks reported a weekly decline of more than 3%, significantly trailing the moderately positive performance of its large-cap counterparts. As a result, the Russell 2000 Index ended the week slightly in negative territory for the year-to-date, showing a 15% decrease from a recent high on July 31.
Reviewing the US Stock Markets, the Nasdaq Composite, recorded a decent gain of 327 points, reaching a closing value of 14,125 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, gaining 99 points to settle at 4,514 points. Meanwhile, DJIA Index experienced a notable hike, rising by 664 points during the week and concluding at 34,947 points after a week of gain.
In contrast, Russell 3000 Index saw a gain in week performance, with a slight gain of 64 points to reach 2,579 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable hike of 92 points, ending the week at 1,797 points.
A review of South Asian stock markets shows that India’s Bombay Stock Exchange (BSE) index BSE Sensex has gained 2,344 points during the week. At the end of the week, the index stood at 67,481 points. On the other hand, the Nifty-50 index of the country’s National Stock Exchange added by 702 points last week. At the end of the week, the index stood at 20,969 points.
Pakistan Stock Exchange Index ‘KSE 100’, added 4,459 points last week. After a week of gaining, the index settled at 66,238 points.
On the other hand The Sri Lankan stock market index gained, the Colombo Stock Exchange index ‘ASPI’ increased by 73 points in a week. After a week the index settled at 10,793 points.
Bhutan’s stock market index ‘BSI’ has lost by 6 points hence the index stood at 1,337 points throughout the whole week. Nepal’s ‘NEPSE’ lose 5 points, therefore the index stands at 1,853 points.
Weekly Dhaka Stock Exchange, DSE, Dhaka Bourse has seen a hike in Turnover, Market Capitalization and index. This information was disclosed in the weekly market review from the DSE.
According to sources, (5 working days) the turnover of DSE added by Tk 372 crore 4 lakh (December 3-December 7). At the same time, the market capitalization has increased by 2 thousand 91 crore 74 lakh 22 thousand 209 taka.
The benchmark index ‘DSEX’ added by 29.53 points or 0.47 percent, in the outgoing week. At the end of the week, the index stands at 6,252 points. The Shariah-based index ‘DSES’ added 7.52 points or 0.56 percent and therefore the index stands at 1,360 points. The blue-chip index ‘DS30’ increased by 6.94 points or 0.33 percent, hence the index stands at 2,115 points.
Shares and units worth 2 thousand 279 crore 96 lakh taka were traded in Dhaka Stock Exchange. At the end of the week, the market capitalization stood at 7 lakh 73 thousand 908 crore 64 lakh 99 thousand 846 taka.
Shares and units of 405 companies were traded on Bourse during the week. Of these, 218 shares were unchanged, 31 companies declined, and 130 companies advanced.
Central Pharmaceuticals Limited has ranked at the top of weekly trading on DSE. It is known that 5 crore 97 lakh 53 thousand 3 shares of the company were traded throughout the week. Its market value is 121 crore 27 lakh takas.
Prime Finance First Mutual Fund ranked at the top of weekly gainers on DSE. It is known that the share traded a total of Tk 19 crore 57 lakh, which is an average of 3 crore 91 lakh per day. The share has risen 38.41 percent to its highest price.
Eastern Lubricants Limited has ranked at the top of weekly losers on DSE. It is known the shares traded a total of Tk 5 crore 82 lakh, which is an average of 1 crore 16 lakh shares per day. The share has dropped 8.08 percent lowest in the last week.
Dhaka Stock Exchange DSE, Bourse on the last working day of the week, December 7, ended with price Index hikes & turnover drops. This information is known from DSE sources.
450 crore 20 lakh shares were traded on this day. 78 crore 75 lakh less trading was done in DSE today compared to the previous workday, 6 December, Shares worth Tk 528 crores 95 lakh shares were traded last time, Wednesday.
The benchmark DSEX added 2.08 points or 6,252 The Shariah-based index DSES gained 1.08 points or 1,360, and the blue-chip index DS30 increased by 2.45 points or 2,115.
Of the issues traded, 58 advanced, 92 declined and 160 remained unchanged.
SK Trims & Industries Limited ranked top gainer on DSE, the share price increased by Tk 3.10 paisa or 9.84 percent. On this day, the share was last traded at Tk 34.60 paisa.
Evince Textiles Limited ranked top loser on the DSE, the share price dropped by Tk 0.50 paisa or 4.76 percent. On this day, the share was last traded at Tk 10.00 paisa.
DSE topped on trade is Central Pharmaceuticals Limited 25 crore 70 lakh takas of shares of the company have been traded.
A total of 53 companies’ shares were traded in the Block on the Dhaka Stock Exchange, 56 lakh 46 thousand 569 shares of the companies were traded. The financial value of which is 28 crore 19 lakh taka.
