Stocks
U.S. Stock Indices in the Green on the Outgoing Week
“Amidst a dynamic week in the U.S. stock markets, where indices experienced a spectrum of movements, investors were met with a mixed bag of outcomes. While the Nasdaq Composite displayed a robust surge, bolstered by a significant hike of 184 points, other key indices such as the S&P 500 and DJIA demonstrated divergent trends. Despite the S&P 500 showing a negative trajectory, the DJIA Index witnessed a noteworthy ascent, reflecting the market’s resilience to certain headwinds.
However, amidst this volatility, smaller-cap indices like the Russell 3000 and Russell 2000 showcased their own distinct performances, hinting at underlying market dynamics. This nuanced overview encapsulates the multifaceted movements that characterized the U.S. stock markets during the week, offering insights into the varying factors influencing investor sentiment and market behavior.”
Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent hike of 184 points, reaching a closing value of 16,340 points by the end of the week. Similarly, the S&P 500 index showed a negative trend, adding 95 points to settle at 5,222 points. Meanwhile, DJIA Index experienced a notable hike, adding 837 points during the week and concluding at 39,512 points after a week of gain.
In contrast, Russell 3000 Index saw a gain in week performance, with a slight hike of 52 points to reach 2,986 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable gain of 24 points, ending the week at 2,059 points.
Dhaka Stock Market DSE, Bourse on the second working day of the week, 30th September, ended with a negative performance in Indices and a hike in Turnover from the previous working session. This information is known from DSE sources.
503 crore 90 lakh taka shares were traded on this day. 22 crore 58 lakh more tradings were done in DSE today compared to the previous workday, 29th September, Shares worth Tk 481 crores 31 lakh shares were traded last time, Sunday.
The benchmark DSEX lost 33.61 points or 5,624 The Shariah-based index DSES dropped 7.36 point or 1,263 and the blue-chip index DS30 decreased by 9.57 points or 2,053.
Of the issues traded, 72 advanced, 299 declined and 25 remained unchanged.
Shahjibazar Power Company Limited ranked top gainer on DSE, the share price increased by Tk 4.00 paisa or 9.76 percent. On this day, the share was last traded at Tk 45.00 paisa.
Dhaka Electric Supply Company Limited ranked top loser on the DSE, the share price dropped by Tk 1.80 paisa or 7.56 percent. On this day, the share was last traded at Tk 22.00 paisa.
DSE topped on trade is Pragati Life Insurance Limited 25 crore 35 lakh takas of company shares have been traded.
A total of 27 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 50 lakh 42 thousand 956 shares of the companies were traded. The financial value of which is 65 crore 60 lakh taka
One of the Listed companies, National Polymer Limited has recommended 10.50% Cash Dividend for the year ended June 30, 2024.
It has reported Consolidated EPS of Tk 2.27 paisa, and Consolidated NAV per share of Tk 30.63 for the year ended March 31, 2024.
The Annual General Meeting (AGM) of the company will be held on December 18, through the digital platform. The record date for this has been fixed at October 22.
The Company also discloses its financial reports for the second quarter, (April – June 24).
As per the company’s consolidated life revenue account for April to June 2024, the excess of total income over total expenses, including claims (surplus), stood at Tk 1,394.24 million. This marks a significant increase from the surplus of Tk 823.68 million during the same period in 2023.
For the first half of 2024, from January to June, the company reported a surplus of Tk 2,177.57 million, compared to Tk 1,290.39 million in the corresponding period of the previous year.
Additionally, the Life Insurance Fund balance as of June 30, 2024, reached Tk 55,188.62 million, showing a net increase of Tk 5,892.25 million from Tk 49,296.37 million on June 30, 2023.
One of the Listed companies, Beacon Pharmaceuticals PLC has recommended 20% Cash dividend and 10% Cash Dividend to Sponsor Shareholder and Directors for the year ended June 30, 2024.
It has reported EPS of Tk 2.26 paisa, and NAV per share of Tk. 26.37 for the year ended June 30, 2024.
The Annual General Meeting (AGM) of the company will be held on December 23, through the digital platform. The record date for this has been fixed at October 27.
