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U.S. Stock Indices in the Green on the Past Week

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The major U.S. stock indexes experienced a second consecutive week of decline, despite a strong performance on Tuesday. This modest two-week retreat contrasts sharply with the four-month rally that preceded it, during which the S&P 500 saw gains in 16 out of 18 weeks.

However, U.S. small-cap stocks, as measured by the Russell 2000 Index, performed notably worse than their larger counterparts, with a 2% decline for the week. This widened the year-to-date performance deficit for small caps compared to larger stocks.

Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent gain of 455 points, reaching a closing value of 16,428 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, adding 117 points to settle at 5,234 points. Meanwhile, DJIA Index experienced a notable hike, adding 761 points during the week and concluding at 39,475 points after a week of gain.

In contrast, Russell 3000 Index saw a losing in week performance, with a slight hike of 66 points to reach 2,995 points by the end of the week.

Moving to Russell 2000 Index, demonstrated a notable surge of 33 points, ending the week at 2,072 points.

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Heidelberg Cement Discloses their Q3 Financials

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Heidelberg Cement

One of the listed companies,Heidelberg Cement Bangladesh Limited discloses its financial reports for the first quarter, (January – March 24).

The company’s earnings per share (EPS) was Tk 6.96 paisa in Q1 of the current financial year (January – March 24). EPS was Tk 6.85 paisa during the same period last year. NAV per share was Tk. 74.16 as of March 31, 2024.

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Matin Spinning Reports Impressive EPS Growth in Q3

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Matin Spinning

One of the listed companies, Matin Spinning Mills PLC discloses its financial reports for the third quarter, (January – March 24).

The company’s earnings per share (EPS) was Tk 0.98 paisa in Q3 of the current financial year (January – March 24). EPS was Tk 0.11 paisa during the same period last year. NAV per share  (with revaluation reserves) was Tk. 57.19 as on March 31, 2024.

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EPS hikes for Prime Bank in Q1

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Prime Bank

One of the listed companies, Prime Bank PLC discloses its financial reports for the first quarter, (January – March 24).

The company’s Consolidated earnings per share (EPS) was Tk 1.16 paisa in Q1 of the current financial year (January – March 24). Consolidated EPS was Tk 0.92 paisa during the same period last year. Consolidated NAV per share was Tk. 31.93 as of March 31, 2024.

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