Stocks
Rollercoaster Week in US Stock Markets: Gains, Losses & Unpredictability
The prominent U.S. stock benchmarks plummeted by over 2% as both the S&P 500 and NASDAQ marked their third straight week of descending values. This decline comes after three weeks of growth that concluded in late July, right in the middle of the quarterly earnings reporting period.
Reviewing the US Stock Markets, the Nasdaq Composite, recorded a decent gain of 300 points, reaching a closing value of 13,590 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, adding 36 points to settle at 4,405 points. Meanwhile, DJIA Index experienced a notable loss, dropping by 154 points during the week and concluding at 34,346 points after a week of gains.
In contrast, Russell 3000 Index saw a gain in week performance, with a hike of 18 points to reach 2,526 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable drop of 6 points, ending the week at a steady 1,853 points.
One of the listed companies, Asia Insurance Limited discloses its financial reports for the first quarter, (January – March 24).
The company’s earnings per share (EPS) was Tk 0.37 paisa in Q1 of the current financial year (January – March 24). EPS was Tk 0.21 (restated) paisa during the same period last year. As of March 31, 2024, at the end of the first quarter of the fiscal year, the company’s net asset value (NAV) per share stood at Tk 27.87.
One of the listed companies, Uttara Bank PLC discloses its financial reports for the first quarter, (January – March 24).
The company’s earnings per share (EPS) was Tk 0.77 paisa in Q1 of the current financial year (January – March 24). EPS was Tk 0.75 (restated) paisa during the same period last year. As of March 31, 2024, at the end of the first quarter of the fiscal year, the company’s net asset value (NAV) per share stood at Tk 31.82.
One of the listed companies, Islami Insurance Bangladesh Limited discloses its financial reports for the first quarter, (January – March 24).
The company’s earnings per share (EPS) was Tk 0.72 paisa in Q1 of the current financial year (January – March 24). EPS was Tk 0.61 (restated) paisa during the same period last year. As of March 31, 2024, at the end of the first quarter of the fiscal year, the company’s net asset value (NAV) per share stood at Tk 21.39.
