Stocks
Index Hikes, Turnover Drops on DSE
Dhaka Stock Exchange DSE, Bourses on the second working day of the week, April 17, ended with price hikes & turnover drops.
This information is known from DSE sources.
443 crores 58 lakh shares were traded in DSE on this day. 29 crores 33 lakhs less trading was done in DSE today compared to the previous workday, 16th April, Shares worth Tk 472 crore 91 lakh shares were traded in DSE last time, Sunday.
The benchmark index DSEX hiked 6.82 points or 6,223. The Shariah-based index DSES increased 0.89 points or 1,348, and the blue-chip index DS30 gained 2.39 points or 2,202.
Of the issues traded, 48 advanced, 56 declined, and 208 remained unchanged.
National Tea Company Limited ranked top gainer on DSE, the share price increased by Tk 48.3 paisa or 7.49 percent. On this day, the share was last traded at Tk 693.40 paisa
Midland Bank Ltd ranked top loser on the DSE, the share price dropped by Tk 1.1 paisa or 9.48 percent. On this day, the share was last traded at Tk 10.50 paisa.
DSE topped on trade Unique Hotel & Resotrs PLC 36 crores 36 lakh takas of shares of the company have been traded.
A total of 67 companies’ shares were traded in the Block on Dhaka Stock Exchange, 57 lakh 11 thousand 891 shares of the companies were traded. The financial value of which is 28 crore 66 lakh taka.
/NR
Analyzing the performance of the U.S. stock markets for the week, significant fluctuations were observed across various indices. While the Nasdaq Composite and S&P 500 indices faced declines, the DJIA Index managed to record gains. Conversely, the Russell 3000 and Russell 2000 indices also experienced losses, albeit to varying degrees. Let’s delve deeper into the dynamics shaping the week’s market movements.
Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent drop of 893 points, reaching a closing value of 15,282 points by the end of the week. Similarly, the S&P 500 index showed a negative trend, losing 156 points to settle at 4,967 points. Meanwhile, DJIA Index experienced a notable hike, adding 3 points during the week and concluding at 37,986 points after a week of gain.
In contrast, Russell 3000 Index saw a losing in week performance, with a slight drop of 89 points to reach 2,840 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable shed of 56 points, ending the week at 1,947 points.
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 drop of 5.96 points to close at 499.29.
The United Kingdom’s FTSE 100, one of the most widely followed indices in Europe, also showed a significant drop, losing 100 points or finishing the session at 7,895.
In Germany, the DAX 30 index, shed by 438 points to reach 17,737, while France’s CAC 40 increased by 12 points to stop at 8,022 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 158 points to 33,922. However, Spain’s IBEX 35, added by 43 points, to close at 10,729.
A review of South Asian stock markets shows that India’s Bombay Stock Exchange (BSE) index BSE Sensex has lost 1,156 points during the week. At the end of the week, the index stood at 73,088 points. On the other hand, the Nifty-50 index of the country’s National Stock Exchange dropped by 372 points last week. At the end of the week, the index stood at 22,147 points.
Pakistan Stock Exchange Index ‘KSE 100’, gained 592 points last week. After a week of gaining, the index settled at 70,944 points.
On the other hand, The Sri Lankan stock market index hiked, and the Colombo Stock Exchange index ‘ASPI’ decreased by 280 points in a week. After a week the index settled at 11,753 points.
Bhutan’s stock market index ‘BSI’ added 13 points hence the index stood at 1,526 points throughout the whole week. Nepal’s ‘NEPSE’ lost 52 points, therefore the index stands at 1,972 points.
Hence Dhaka Stock Exchange: The benchmark index ‘DSEX’ lost by 177 points or 3.03 percent, in the outgoing week. At the end of the week, the index stands at 5,686 points.
