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US Stock Market Witnessed a Week of Uncertainty and Unease

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The main stock indices experienced a decline in the current week, with the S&P 500 and NASDAQ slipping by approximately 1% and the Dow falling nearly 2%. The upcoming earnings season, starting this week with major banks reporting their second-quarter results is anticipated with low expectations.

Analysts surveyed by FactSet projected an average earnings decrease of 7.2% for S&P 500 companies compared to the same period last year. This forecasted decline marks the most significant drop in earnings since the second quarter of 2020.

Reviewing the US Stock Markets, the Nasdaq Composite, recorded a decent drop of 127 points, reaching a closing value of 13,660 points by the end of the week. Similarly, the S&P 500 index showed a negative trend, losing 52 points to settle at 4,398 points. Meanwhile, DJIA Index experienced a notable surge, dropping by 673 points during the week and concluding at 33,734 points after a week of loss.

In contrast, Russell 3000 Index saw a fall in week performance, with a damage of 29 points to reach 2,525 points by the end of the week.

Moving to Russell 2000 Index, demonstrated a notable lost of 24 points, ending the week at a steady 1,864 points.

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Sluggish Turnover, Index Mixed on DSE

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Bourse dse market cap index turnover

Dhaka Stock Exchange DSE, Bourse on the fourth working day of the week, October 4, ended with price Index mixed& turnover drop. This information is known from DSE sources.

450 crores 98 lakh shares were traded on this day. 46 crore 18 lakh less trading was done in DSE today compared to the previous workday, 3 October, Shares worth Tk 497 crores 17 lakh shares were traded last time, Tuesday.

The benchmark DSEX added 0.34 points or 6,262 The Shariah-based index DSES dropped 0.73 points or 1,356, and the blue-chip index DS30 increased by 0.82 points or 2,135.

Of the issues traded, 64 advanced, 75 declined and 164 remained unchanged.

Reliance Insurance Limited ranked top gainer on DSE, the share price increased by Tk 5.40 paisa or 7.74 percent. On this day, the share was last traded at Tk 75.20 paisa

Apex Foods Ltd ranked top loser on the DSE, the share price dropped by Tk 29.80 paisa or 7.23 percent. On this day, the share was last traded at Tk 382.20 paisa.

DSE topped on trade is Sea pearl Beach resort & Spa Ltd 28 crore 47 lakh takas of shares of the company have been traded.

A total of 130 companies’ shares were traded in the Block on Dhaka Stock Exchange, 2 crore 47 thousand 72 lakh 600 shares of the companies were traded. The financial value of which is 78 crore 72 lakh taka.

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Apex Foods Declares its Dividends

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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.

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Apex Spinning Discloses 20% Cash Dividends

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Apex Spinning

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.

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