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Noteworthy Week for U.S. Stocks as Multiple Indexes Report Solid Increases

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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.

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DSEX Fell 178 points in 4 Working Days amidst Shallow Turnover

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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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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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