Stocks
Weekly US Stock Market Report Shows Diverse Performance
Major US stock indexes experienced a notable decline, ranging from 1% to 2%, erasing much of the previous week’s gains. This shift marked a reversal from the prior week, with the NASDAQ performing less favorably than the S&P 500 and the Dow. This underperformance was partly attributed to significant midweek drops in some of the market’s prominent technology stocks.
Furthermore, a U.S. small-cap stock benchmark saw a substantial 3.6% decline for the week, extending its recent trend of lagging behind larger assets. Over the period since the end of July, the Russell 2000 Index has recorded a 7.6% decrease, in contrast to the 2.9% decline observed in a large-cap benchmark, the S&P 500.
Reviewing the US Stock Markets, the Nasdaq Composite, recorded a decent drop of 53 points, reaching a closing value of 13,708 points by the end of the week. Similarly, the S&P 500 index showed a negative trend, losing 7 points to settle at 4,450 points. Meanwhile, DJIA Index experienced a notable shed, adding by 42 points during the week and concluding at 34,618 points after a week of gains.
In contrast, Russell 3000 Index saw a loss in week performance, with a loss of 4 points to reach 2,553 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable drop of 104 points, ending the week at a steady 1,847 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.
