Connect with us

Stocks

Asian Markets Mixed as Investors Await US Data Ahead of Fed Meeting

Published

on

asian stock market global

Asian markets showed a mixed performance on Thursday following a subdued day on Wall Street. Traders awaited a series of US data releases, which could influence Federal Reserve officials ahead of their upcoming policy meeting. The recent hot consumer price index reading did not dampen optimism for potential interest rate cuts this year, but analysts cautioned that sentiment could be tested by the producer prices index (PPI) data expected later in the day. While equities may remain range-bound until after the Fed meeting, investors are keenly watching for any clues on the future trajectory of interest rates, with expectations aligned with the Fed’s current forecasts for three reductions this year.

According to Stephen Innes at SPI Asset Management, the PPI data typically does not trigger significant market movements, but concerns about inflation could lead to minor turbulence if the figure exceeds expectations. Additionally, Thursday will see the release of retail sales, jobless claims, and consumer sentiment figures from Washington.

In New York, a pullback in tech giants, including Nvidia, Apple, and Tesla, weighed on the S&P 500 and Nasdaq, while the Dow ended slightly higher. Paris and Frankfurt had set new records earlier in the day. In Asia, Hong Kong rebounded after a dip, while Shanghai, Singapore, Seoul, Taipei, and Manila posted gains. However, Tokyo retreated amid speculation that the Bank of Japan may begin to move away from its ultra-loose monetary policy. Sydney, Wellington, and Jakarta also experienced declines.

Investors remained cautious amidst escalating China-US tensions. The House of Representatives approved a bill that could force TikTok’s Chinese owner to divest from the company, drawing warnings from China of potential consequences. Meanwhile, Bitcoin hovered just below $73,000 after reaching a record high of $73,664. Oil prices edged higher following a rally driven by falling US stockpiles and reports of Ukraine targeting Russian refineries.

Share this

Stocks

Bullish Market Skyrockets

Published

on

dse bourse indices turnover

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

Share this
Continue Reading

Stocks

Eastland Insurance releases Q2 Financials

Published

on

Eastland Insurance r

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.

Share this
Continue Reading

Stocks

Shahjalal Islami Bank reveals unchanged Q2 Financials

Published

on

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.

Share this
Continue Reading