Stocks
Technical Glitches on DSE, yet Market Trading Closed thru Panic Data
Dhaka Stock Exchange DSE, Bourse on the first working day of the week, due to technical glitches and errors from early session opening today, March 10th, ended with a Massive Drop in Turnover from the previous working session. This information is known from DSE sources.
Earlier, Dhaka Stock Exchange (DSE) experienced a temporary disruption in its indices today, attributed to an operational error. As a result, investors are advised to disregard the unusual figures and refrain from making panicked decisions.
The main Index DSEX and Shariah Index DSES close the data providing wrong information, yet DSE ensures the investors not to panic from their news portal.
478 crore 25 lakh taka shares were traded on this day. 225 crore 44 lahks less tradings were done in DSE today compared to the previous workday, 7 March, Shares worth Tk 703 crores 70 lakh shares were traded last time, Thursday.
The blue-chip index DS30 decreased by 10.47 points or 2,083.
Of the issues traded, 84 advanced, 261 declined and 54 remained unchanged.
Golden Son Limited ranked top gainer on DSE, the share price increased by Tk 1.90 paisa or 9.95 percent. On this day, the share was last traded at Tk 21.00 paisa.
Active Fine Foods Limited ranked top loser on the DSE, the share price dropped by Tk 1.30 paisa or 7.60 percent. On this day, the share was last traded at Tk 15..80 paisa.
DSE topped on trade is Fuwang Ceramics Limited 35 crore 64 lakh takas of shares of the company have been traded.
A total of 28 companies’ shares were traded in the Block on the Dhaka Stock Exchange, 60 lakh 13 thousand 14 shares of the companies were traded. The financial value of which is 35 crore 88 lakh taka.
One of the listed companies, Phoenix Insurance Company Limited discloses its financial reports for the first quarter, (January – March 24).
The company’s earnings per share (EPS) was Tk 0.48 paisa in Q1 of the current financial year (January – March 24). EPS was Tk 0.67 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 35.27.
One of the listed companies, Sena Kalyan Insurance Company Limited discloses its financial reports for the first quarter, (January – March 24).
The company’s earnings per share (EPS) was Tk 0.92 paisa in Q1 of the current financial year (January – March 24). EPS was Tk 0.67 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 23.13.
“Amidst a dynamic week in the U.S. stock markets, where indices experienced a spectrum of movements, investors were met with a mixed bag of outcomes. While the Nasdaq Composite displayed a robust surge, bolstered by a significant hike of 184 points, other key indices such as the S&P 500 and DJIA demonstrated divergent trends. Despite the S&P 500 showing a negative trajectory, the DJIA Index witnessed a noteworthy ascent, reflecting the market’s resilience to certain headwinds.
However, amidst this volatility, smaller-cap indices like the Russell 3000 and Russell 2000 showcased their own distinct performances, hinting at underlying market dynamics. This nuanced overview encapsulates the multifaceted movements that characterized the U.S. stock markets during the week, offering insights into the varying factors influencing investor sentiment and market behavior.”
Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent hike of 184 points, reaching a closing value of 16,340 points by the end of the week. Similarly, the S&P 500 index showed a negative trend, adding 95 points to settle at 5,222 points. Meanwhile, DJIA Index experienced a notable hike, adding 837 points during the week and concluding at 39,512 points after a week of gain.
In contrast, Russell 3000 Index saw a gain in week performance, with a slight hike of 52 points to reach 2,986 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable gain of 24 points, ending the week at 2,059 points.
