Stocks
Strong Week for US Stock Market as Gains Mount
The major U.S. stock indexes regained the ground they had lost the previous week and then some, as generally positive economic data lifted the S&P 500, the NASDAQ, and the Dow more than 2% each. For the NASDAQ, it was the ninth positive week out of the past ten.
The S&P 500 and the NASDAQ both gained nearly 7% to record their fourth positive month in a row. The Dow climbed nearly 5% and posted its best month since November 2022. For the S&P 500, it was the best result since last October.
Reviewing the US Stock Markets, the Nasdaq Composite, recorded a decent hike of 295 points, reaching a closing value of 13,787 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, adding 41 points to settle at 4,450 points. Meanwhile, DJIA Index experienced a notable surge, adding by 680 points during the week and concluding at 34,407 points after a week of gains.
In contrast, Russell 3000 Index saw a gain in week performance, with a gain of 64 points to reach 2,554 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable lost of 67 points, ending the week at a steady 1,888 points.
One of the Listed Companies, Apex Foods Limited has recommended 20% cash Dividend for the year ended June 30, 2023.
In terms of financial performance, the company has reported an Earnings Per Share (EPS) of Tk. 8.91 for the year ending June 30, 2023. The Net Asset Value (NAV) per share stands at Tk. 136.20.
The Annual General Meeting (AGM) of the company will be held on November 30 through the digital platform. The record date for this has been fixed at October 26.
One of the Listed Companies, Apex Spinning & Knitting Mills Limited has recommended 20% cash Dividend for the year ended June 30, 2023.
In terms of financial performance, the company has reported an Earnings Per Share (EPS) of Tk. 3.51 for the year ending June 30, 2023. The Net Asset Value (NAV) per share stands at Tk. 64.37.
The Annual General Meeting (AGM) of the company will be held on November 30 through the digital platform. The record date for this has been fixed at October 26.
Dhaka Stock Exchange DSE, Bourse on the third working day of the week, October 3, ended with price Index drop & turnover hike. This information is known from DSE sources.
497 crores 17 lakh shares were traded on this day. 31 crore 23 lakh more trading was done in DSE today compared to the previous workday, 2 October, Shares worth Tk 465 crores 93 lakh shares were traded last time, Monday.
The benchmark DSEX lost 10.49 points or 6,262 The Shariah-based index DSES dropped 0.80 points or 1,356, and the blue-chip index DS30 decreased by 0.08points or 2,134.
Of the issues traded, 38 advanced, 109 declined and 155 remained unchanged.
Deshbandhu Polymer Limited ranked top gainer on DSE, the share price increased by Tk 4.20 paisa or 18.34 percent. On this day, the share was last traded at Tk 27.10 paisa
Union Insurance Company Ltd ranked top loser on the DSE, the share price dropped by Tk 6.10 paisa or 9.01 percent. On this day, the share was last traded at Tk 61.60 paisa.
DSE topped on trade is LafargeHolcim Bangladesh Ltd 30 crore 82 lakh takas of shares of the company have been traded.
A total of 68 companies’ shares were traded in the Block on Dhaka Stock Exchange, 1 crore 50 thousand 69 lakh 394 shares of the companies were traded. The financial value of which is 44 crore 65 lakh taka.
