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Life Insurance Sector Tops Share Market Returns

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Life Insurance Sector Tops Share Market Returns

Life insurance investors have achieved the highest returns in the country’s stock market during the first six months of the year (January ’23 – June ’23). On the other hand, financial institutions have experienced the lowest returns, according to a report by Green Delta Dragon Asset Management.

The data reveals that life insurance has provided investors with a remarkable return of 23.20% during the period from January to June of the current year.

In terms of offering the highest returns, travel and tourism accounts hold the second position. Investors in this sector have obtained a return of 16.70% over the past six months. Cement accounts secure the third spot on the list, providing investors with a return of 15.50% during the first half of the year.

Food and commodity investors have achieved a return of 11.40% until June. General insurance accounts provided a return of 9.30%, while IT investments yielded a return of 9.20% during this time. Leather accounts delivered a return of 9.10% to investors.

According to information from Green Delta Dragon Asset Management, service and housing accounts provided investors with a return of 8.10% during the first six months of the year. Meanwhile, bank accounts yielded a return of 6.30%. Telecommunication transactions outperformed others by offering investors a remarkable return of 5.80%.

In addition, paper and printing accounts provided a return of 5.70%, miscellaneous accounts yielded a return of 5.10%, jute accounts delivered a return of 2.40%, engineering accounts provided a return of 2.10%, clothing accounts offered a return of 1.50%, and fuel accounts gave investors a return of up to 0.90%.

On the other hand, four institutions disappointed investors during the first six months of the year. These institutions include financial institutions, ceramics, pharmaceuticals and chemicals, and mutual funds. Investors in these four sectors did not receive any returns during this six-month period.

The underperformance of these institutions has left investors disillusioned during the first half of the year. Financial institutions, ceramics, pharmaceuticals and chemicals, and mutual funds have failed to generate any returns for investors in this time frame.

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Weekly U.S. Stock Market Reports Diverse Performance

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Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent hike of 555 points, reaching a closing value of 17,688 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, gaining 85 point to settle at 5,431 points. Meanwhile, DJIA Index experienced a notable drop, losing 209 points during the week and concluding at 38,589 points after a week of gaining.

In contrast, Russell 3000 Index saw a gain in week performance, with a slight hike of 40 points to reach 3,077 points by the end of the week.

Moving to Russell 2000 Index, demonstrated a notable drop of 20 point, ending the week at 2,006 points.

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Weekly European Stocks Shows Negative Result

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In the Outgoing week, the European stock market displayed a massive losing 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 drop of 12.5 points to close at 511.05.

The United Kingdom’s FTSE 100, one of the most widely followed indices in Europe, also showed a significant drop, losing 99 points or finishing the session at 8,146.

In Germany, the DAX 30 index, lost by 555 points to reach 18,002, while France’s CAC 498 decreased by 9 points to stop at 7,503 at the end of the trading day.

Italy’s FTSE MIB, which covers the top 40 stocks traded on the Milan Stock Exchange, decreased by 1,995 points to 32,665. However, Spain’s IBEX 35, added by 412 points, to close at 10,992.

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South Asian Stocks Reports Gaining Performance in Recent Week

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A review of South Asian stock markets shows that India’s Bombay Stock Exchange (BSE) index BSE Sensex has added 299 points during the week. At the end of the week, the index stood at 76,992 points. On the other hand, the Nifty-50 index of the country’s National Stock Exchange gained by 175 points last week. At the end of the week, the index stood at 23,465 points.

Pakistan Stock Exchange Index ‘KSE 100’, shed 2,926 points last week. After a week of losing, the index settled at 76,742 points.

On the other hand, The Sri Lankan stock market index adds, and the Colombo Stock Exchange index ‘ASPI’ increased by 208 points in a week. After a week the index settled at 12,314 points.

Bhutan’s stock market index ‘BSI’ added 68 points hence the index stood at 1,515 points throughout the whole week. Nepal’s ‘NEPSE’ gain 35 points, therefore the index stands at 2,112 points.

Hence Dhaka Stock Exchange: The benchmark index ‘DSEX’ dropped by 119.51 points or 2.28 percent, in the outgoing week. At the end of the week, the index stands at 5,117 points.

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