Stocks
US Stock Indices Display Volatile Week
Driven by inflation statistics and credit rating downgrades affecting multiple U.S. banks, the indices experienced fluctuations. The week began with market advances, yet by the close of Friday, both the S&P 500 and NASDAQ had recorded their second consecutive weekly declines. Although the Dow saw a significant drop on Tuesday, it managed to recover and conclude the week with a modest drop compared to the previous week’s close.
Reviewing the US Stock Markets, the Nasdaq Composite, recorded a decent loss of 354 points, reaching a closing value of 13,290 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, losing 95 points to settle at 4,369 points. Meanwhile, DJIA Index experienced a notable loss, dropping by 781 points during the week and concluding at 34,500 points after a week of gains.
In contrast, Russell 3000 Index saw a gain in week performance, with a loss of 58 points to reach 2,508 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable drop of 66 points, ending the week at a steady 1,859 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.
