Stocks
US Stock Markets Show Resilience: Dow and S&P 500 Post Second Weekly Gains
During the ongoing earnings season, both the Dow and the S&P 500 registered their second consecutive weekly gains, while the NASDAQ experienced a slight decline. As of Friday, during the second week of the earnings season, approximately 75% of the S&P 500 companies had surpassed the analysts’ predictions for their quarterly net income, as reported by FactSet.
On Friday, the Dow Jones Industrial Average recorded a marginal gain of 0.01%, achieving its 10th consecutive day of positive trading. The primary driving force behind this ongoing positive streak for the Dow was the strong financial performance reported by several companies within the 30-stock index during the quarterly earnings season. Thanks to these positive results, the Dow has seen an overall increase of more than 4% throughout this 10-day period.
Reviewing the US Stock Markets, the Nasdaq Composite, recorded a decent loss of 23 points, reaching a closing value of 14,090 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, adding 31 points to settle at 4,536 points. Meanwhile, DJIA Index experienced a notable surge, adding by 718 points during the week and concluding at 35,227 points after a week of gain.
In contrast, Russell 3000 Index saw a gain in week performance, with a hike of 20 points to reach 2,611 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable added of 29 points, ending the week at a steady 1,960 points.
Dhaka Stock Market DSE, Bourse on the last working day of the week, 25th July, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.
497 crore 34 lakh taka shares were traded on this day. 337 crore 97 lakh more tradings were done in DSE today compared to the previous workday, July 24th, Shares worth Tk 159 crores 37 lakh shares were traded last time, Wednesday.
The benchmark DSEX increased 62.81 points or 5,413 The Shariah-based index DSES added 13.81 points or 1,183 and the blue-chip index DS30 gained by 24.25 points or 1,932.
Of the issues traded, 286 advanced, 66 declined and 40 remained unchanged.
Techno Drugs Limited ranked top gainer on DSE, the share price increased by Tk 3.80 paisa or 9.87 percent. On this day, the share was last traded at Tk 42.30 paisa.
Rangpur Foundry Limited ranked top loser on the DSE, the share price dropped by Tk 5.40 paisa or 2.98 percent. On this day, the share was last traded at Tk 175.70 paisa.
DSE topped on trade is Square Pharmaceuticals PLC 35 crore 9 lakh takas of company shares have been traded.
A total of 28 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 82 lakh 94 thousand 29 shares of the companies were traded. The financial value of which is 21 crore 92 lakh taka
One of the listed companies, Eastland Insurance Company Limited discloses its financial reports for the second quarter, (April – June 24).
The company’s earnings per share (EPS) Tk 0.27 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.41 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. NAV per share was Tk. 20.85 as of June 30, 2024.
One of the listed companies, Shahjalal Islami Bank PLC discloses its financial reports for the second quarter, (April – June 24).
The company’s Consolidated earnings per share (EPS) Tk 1.50 paisa in Q2 of the current financial year (April – June 24). Consolidated EPS was Tk. 1.50 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. Consolidated NAV per share was Tk. 20.85 as of June 30, 2024.
