Connect with us

Stocks

Asian Markets Mixed Amid Wall Street Slump, Investors Seek Catalysts

Published

on

asian stock market global

Asian Markets showed a mixed performance on Wednesday, following a negative trend on Wall Street. Observers are cautioning that the recent surge in equities might be losing momentum, and investors are eagerly awaiting fresh catalysts to reignite buying.

The subdued market activity across the region this week precedes key data releases from the US, including the Federal Reserve’s preferred measure of inflation and the upcoming corporate earnings season. Although the central bank hinted at three interest rate cuts this year, some investors are skeptical due to recent indicators and statements from policymakers.

Recent figures on February’s durable goods sales, released on Tuesday, indicated a healthy state of the world’s largest economy and a slight improvement in consumer confidence, albeit with less optimism about the future.

Upcoming releases include jobless claims, economic growth readings, and the crucial Personal Consumption Expenditures (PCE) index on Friday. Analysts anticipate a modest uptick from January in the PCE index, which is not likely to unsettle markets significantly, although a significant deviation could raise concerns.

The following month marks the onset of earnings releases, which could profoundly impact sentiment. The recent market rally has been partly fueled by expectations for future profits, making corporate earnings performance crucial.

Stephen Innes of SPI Asset Management remarked, “With market valuations at lofty levels, there’s little room for corporate earnings performance to falter or for the Federal Reserve to deviate from its anticipated course of three rate cuts. Any divergence from these expectations could potentially lead to market turbulence.”

On Wall Street, all three main indexes closed in negative territory, despite spending most of the day in positive territory. In Asian trading, Hong Kong, Shanghai, Seoul, Jakarta, and Wellington experienced declines, while Sydney, Singapore, Taipei, and Manila saw gains. Tokyo advanced by one percent, driven by a weaker yen fueled by comments from Bank of Japan board member Naoki Tamura, indicating a continued stance of easy monetary policy for now.

Share this

Stocks

DSEX Fell 178 points in 4 Working Days amidst Shallow Turnover

Published

on

dse bearish market bourse turnover index

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

Share this
Continue Reading

Stocks

Agni Systems releases Q3 Financials

Published

on

agni systems

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.

Share this
Continue Reading

Stocks

Dutch Bangla Bank Declares 35% Dividends

Published

on

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.

Share this
Continue Reading