Major U.S. stock indexes experienced a shaky start to the week, rebounded following Friday’s jobs report, but ultimately closed with losses. The Dow saw its weekly performance decline by approximately 1%, while the S&P 500 and NASDAQ suffered even greater losses, with both posting a weekly drop of over 2%.
The growth in the U.S. labor market showed signs of moderation, as it added 187,000 new jobs in July. Although this number fell short of the estimated 200,000, it was consistent with June’s revised gain of 185,000. The unemployment rate also decreased to 3.5%, maintaining its proximity to the 50-year low.
Reviewing the US Stock Markets, the Nasdaq Composite, recorded a decent gain of 417 points, reaching a closing value of 13,909 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, adding 69 points to settle at 4,409 points. Meanwhile, DJIA Index experienced a notable surge, adding by 1,338 points during the week and concluding at 35,065 points after a week of gains.
In contrast, Russell 3000 Index saw a gain in week performance, with a gain of 88 points to reach 2,578 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable gain of 136 points, ending the week at a steady 1,957 points.
DSE Performed Mixed
Dhaka Stock Exchange DSE, Bourse on the last working day of the week, September 27, ended with price Index mixed & turnover drops. This information is known from DSE sources.
422 crores 30 lakh shares were traded on this day. 27 crore 71 lakh less trading was done in DSE today compared to the previous workday, 26 September, Shares worth Tk 450 crores 1 lakh shares were traded last time, Tuesday.
The benchmark DSEX added 0.83 points or 6,284 The Shariah-based index DSES lost 0.03 points or 1,359, and the blue-chip index DS30 increased by 1.85 points or 2,140.
Of the issues traded, 70 advanced, 78 declined and 154 remained unchanged.
Apex Foods Limited ranked top gainer on DSE, the share price increased by Tk 34.30 paisa or 8.73 percent. On this day, the share was last traded at Tk 427.10 paisa
Miracle Industries Ltd ranked top loser on the DSE, the share price dropped by Tk 3.00 paisa or 6.06 percent. On this day, the share was last traded at Tk 46.50 paisa.
DSE topped on trade is City General Insurance Company Ltd 42 crore 46 lakh takas of shares of the company have been traded.
A total of 63 companies’ shares were traded in the Block on Dhaka Stock Exchange, 95 lakh 91 thousand 220 shares of the companies were traded. The financial value of which is 43 crore 86 lakh taka.
Bay Leasing & Investment declares no Dividends
One of the Listed Companies, Bay Leasing & Investment Limited has recommended no Dividend for the year ended June 30, 2023.
In terms of financial performance, the company has reported Consolidated Earnings Per Share (EPS) loss of Tk. 5.88 for the year ending June 30, 2023. Consolidated Net Asset Value (NAV) per share stands at Tk. 11.93.
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 18.
eGeneration declares its Dividends
One of the Listed Companies, eGeneration Limited has recommended 10% 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. 1.45 for the year ending June 30, 2023. The Net Asset Value (NAV) per share stands at Tk. 22.50.
The Annual General Meeting (AGM) of the company will be held on December 26 through the digital platform. The record date for this has been fixed at November 8.
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