Stocks
Negative Trends Emerge in Major U.S. Stock Indexes
Amidst fluctuations in the U.S. stock markets, the past week witnessed divergent performances across major indices. While the Nasdaq Composite and S&P 500 grappled with declines, the DJIA Index experienced a significant setback despite earlier gains. However, the Russell 3000 and Russell 2000 Indices also faced challenges, albeit to varying degrees, adding complexity to the market landscape.
Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent drop of 131 points, reaching a closing value of 16,248 points by the end of the week. Similarly, the S&P 500 index showed a negative trend, losing 50 points to settle at 5,204 points. Meanwhile, DJIA Index experienced a notable drop, losing 903 points during the week and concluding at 38,904 points after a week of gain.
In contrast, Russell 3000 Index saw a losing in week performance, with a slight drop of 32 points to reach 2,980 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable shed of 61 points, ending the week at 2,063 points.
One of the listed companies, IT Consultants PLC discloses its financial reports for the first quarter, (January – March 24).
The company’s earnings per share (EPS) was Tk 0.81 paisa in Q1 of the current financial year (January – March 24). EPS was Tk 0.66 paisa during the same period last year. As of March 31, 2024, at the end of the first quarter of the fiscal year, the company’s net asset value (NAV) per share stood at Tk 20.22.
One of the listed companies, Khulna Power Company Limited discloses its financial reports for the first quarter, (January – March 24).
The company’s earnings per share (EPS) was loss Tk 0.10 paisa in Q1 of the current financial year (January – March 24). EPS was loss Tk 0.06 paisa during the same period last year. As of March 31, 2024, at the end of the first quarter of the fiscal year, the company’s net asset value (NAV) per share stood at Tk 18.14.
One of the listed companies, national Feed Mill Limited discloses its financial reports for the first quarter, (January – March 24).
The company’s earnings per share (EPS) was loss Tk 0.18 paisa in Q1 of the current financial year (January – March 24). EPS was loss Tk 0.03 paisa during the same period last year. As of March 31, 2024, at the end of the first quarter of the fiscal year, the company’s net asset value (NAV) per share stood at Tk 11.35.
