Stocks
Noteworthy Week for U.S. Stocks as Multiple Indexes Report Solid Increases
Major U.S. stock indexes recovered, posting gains and reversing the declines witnessed in the prior week, which marked the end of a nine-week positive streak in late 2023. At the close of trading on Friday, the S&P 500 was on the verge of regaining its record closing high from January 3, 2022, sitting just 0.3% below the milestone.
In the cryptocurrency sphere, the price of Bitcoin, the most extensively traded digital currency, experienced fluctuations. After reaching its highest intraday level since March 2022, briefly surpassing $48,000 on Thursday, Bitcoin saw a slight decline on Friday, trading below $44,000. This movement followed a significant rebound from a low point around $25,000 recorded in September 2023.
Investors and market observers are closely monitoring these developments, as both traditional stock markets and cryptocurrencies continue to exhibit dynamic movements in the early weeks of the new year.
Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent gain of 388 points, reaching a closing value of 15,310 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, adding 51 points to settle at 4,839 points. Meanwhile, DJIA Index experienced a notable hike, gaining by 271 points during the week and concluding at 37,863 points after a week of gain.
In contrast, Russell 3000 Index saw a gain in week performance, with a slight gain of 28 points to reach 2,773 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable drop of 6 point, ending the week at 1,944 points.
Dhaka Stock Market DSE, Bourse on the last working day of the week, 25th July, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.
497 crore 34 lakh taka shares were traded on this day. 337 crore 97 lakh more tradings were done in DSE today compared to the previous workday, July 24th, Shares worth Tk 159 crores 37 lakh shares were traded last time, Wednesday.
The benchmark DSEX increased 62.81 points or 5,413 The Shariah-based index DSES added 13.81 points or 1,183 and the blue-chip index DS30 gained by 24.25 points or 1,932.
Of the issues traded, 286 advanced, 66 declined and 40 remained unchanged.
Techno Drugs Limited ranked top gainer on DSE, the share price increased by Tk 3.80 paisa or 9.87 percent. On this day, the share was last traded at Tk 42.30 paisa.
Rangpur Foundry Limited ranked top loser on the DSE, the share price dropped by Tk 5.40 paisa or 2.98 percent. On this day, the share was last traded at Tk 175.70 paisa.
DSE topped on trade is Square Pharmaceuticals PLC 35 crore 9 lakh takas of company shares have been traded.
A total of 28 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 82 lakh 94 thousand 29 shares of the companies were traded. The financial value of which is 21 crore 92 lakh taka
One of the listed companies, Eastland Insurance Company Limited discloses its financial reports for the second quarter, (April – June 24).
The company’s earnings per share (EPS) Tk 0.27 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.41 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. NAV per share was Tk. 20.85 as of June 30, 2024.
One of the listed companies, Shahjalal Islami Bank PLC discloses its financial reports for the second quarter, (April – June 24).
The company’s Consolidated earnings per share (EPS) Tk 1.50 paisa in Q2 of the current financial year (April – June 24). Consolidated EPS was Tk. 1.50 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. Consolidated NAV per share was Tk. 20.85 as of June 30, 2024.
