With investors’ increased appetite for a wide range of stocks that have been in a remedy stage for the last couple of sessions, DSEX, the broad-based index of the Dhaka Stock Exchange (DSE) inched up 0.14pc on Tuesday to close at 6,537 points.
The blue-chip index DS30 and Shariah index DSES inched down as investors booked profits from most of the selective stocks after some quick gains in a week.
“The market has been witnessing jerky rides as investors are watchful due to recent upward momentum in the market,” wrote EBL Securities in its daily market commentary.
Moreover, investors were unable to settle for particular sector-specific stocks since they were focusing on reshuffling their portfolios due to having expectations from the upcoming earnings declarations, it added.
Meanwhile, the Dhaka bourse also observed a slight increase in participation while the total turnover increased by 8.8pc to Tk1,480 crore.
Pharmaceuticals, miscellaneous, and engineering sectors contributed a maximum of 20.2pc, 19.7pc, and 10.4pc of the daily turnover respectively.
Most of the sectors displayed mixed returns, while jute, ceramic, and IT, having comparatively smaller market capitalizations, gained the most – 7.4pc, 2pc, and 1.8pc respectively.
Services and real estate, cement, and pharmaceuticals suffered the highest corrections of 1.9pc, 0.6pc, and 0.5pc respectively.
As many as 129 scrips advanced in the DSE against declines of 108, while the price of 140 scrips remained unchanged.
CSCX and CASPI, the broad-based indices in the Chittagong Stock Exchange, closed 0.2pc higher while turnover in the port-city bourse increased by 25pc to Tk35 crore.
Weekly US Stock Market Report Shows Diverse Performance
On Thursday, a rally contributed to the recovery of U.S. stock indexes following a mostly negative performance the previous week. The NASDAQ’s increase of over 1% brought it within four-tenths of a percentage point below its record closing high established on November 19, 2021. Both the S&P 500 and the Dow extended their record highs set 11 days earlier.
The substantial daily gains on Thursday were driven by a stronger-than-expected earnings report from a major semiconductor company. The NASDAQ experienced its most significant surge in 12 months, rising nearly 3.0%, while the S&P 500 recorded its largest increase in 13 months at 2.1%.
Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent gain of 278 points, reaching a closing value of 16,274 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, adding 49 points to settle at 5,088 points. Meanwhile, DJIA Index experienced a notable hike, losing 44 points during the week and concluding at 39,087 points after a week of gain.
In contrast, Russell 3000 Index saw a hike in week performance, with a slight gain of 31 points to reach 2,944 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable hike of 60 points, ending the week at 2,076 points.
Weekly European Stocks Shows Mixed Result
In the Outgoing week, the European stock market displayed a varied performance.
Here is the data on the weekly performance of the European Stock Market, The STOXX Europe 600 index, which is considered a leading benchmark for the European market and covers approximately 90 percent of the market capitalization across 17 countries, reported a slight hike of 0.33 points to close at 497.58.
The United Kingdom’s FTSE 100, one of the most widely followed indices in Europe, also showed a significant drop, lost 24 points or finishing the session at 7,682.
In Germany, the DAX 30 index, added by 316 points to reach 17,735, while France’s CAC 40 decreased by 32 points to stop at 7,934 at the end of the trading day.
Italy’s FTSE MIB, which covers the top 40 stocks traded on the Milan Stock Exchange, increased by 234 points to 32,934. However, Spain’s IBEX 35, lost by 66 points, to close at 10,064.
South Asian Stock reports varied performance on the Outgoing Week
A review of South Asian stock markets shows that India’s Bombay Stock Exchange (BSE) index BSE Sensex has added 718 points during the week. At the end of the week, the index stood at 73,860 points. On the other hand, the Nifty-50 index of the country’s National Stock Exchange gained by 183 points last week. At the end of the week, the index stood at 22,395 points.
Pakistan Stock Exchange Index ‘KSE 100’, added 2,560 points last week. After a week of gaining, the index settled at 65,486 points.
On the other hand, The Sri Lankan stock market index hiked, and the Colombo Stock Exchange index ‘ASPI’ increased by 36 points in a week. After a week the index settled at 10,691 points.
Bhutan’s stock market index ‘BSI’ dropped 26 points hence the index stood at 1,430 points throughout the whole week. Nepal’s ‘NEPSE’ lost 33 points, therefore the index stands at 1,932 points.
Hence Dhaka Stock Exchange: The benchmark index ‘DSEX’ lost by 19.42 points or 0.31 percent, in the outgoing week. At the end of the week, the index stands at 6,254 points
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