Stocks
Doreen Power ranked top loser in DSE
Doreen Power Generations & Systems Ltd ranked among the top ten losers on Dhaka Stock Exchange DSE today, November 7, the share price dropped by 7 taka 30 paisa or 10.69pc. On this day, the share was last traded at 61 taka.
This information is known from DSE sources.
According to the DSE sources, the company traded 1 lakh 63 thousand 847 shares in 359 times whose market value is 1 thousand 104 crore 50 lakh taka.
2nd on the list is Indo-Bangla Pharmaceuticals Ltd. Today the price of the company drops by 1 taka 60 paisa or 7.80pc. The shares were last traded at 18 taka 90 paisa. According to the DSE data, the company traded 29 lakh 46 thousand 762 shares in 2 thousand 136 times, whose market value is 238 crore 22 lakh.
And the 3rd on the list is Intraco Refueling Station Ltd. Today the company has dropped by 3 taka or 6.11pc. the share was last traded at 46 taka 10 paisa. According to the DSE data, the company traded 49 lakh 14 thousand 652 shares in 3 thousand 79 times whose market value is 4 hundred 82 crore 32 lakh.
Other companies on the loser list are Desh General Insurance Company Limited, Fareast Islami Life Insurance Co. Ltd, Islami Insurance Bangladesh Limited, Sena Kalyan Insurance Company Limited, Global Insurance Company Ltd, Bangladesh Shipping Corporation & Summit Alliance Port Limited.
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One of the Listed companies, AB Bank PLC has recommended 2% Bonus Dividend for the year ended December 31, 2023.
In terms of financial performance, The Company has also reported Consolidated EPS of Tk. 1.02 for the year ended December 31, 2023. NAV per share of Tk. 29.58 paisa.
The Annual General Meeting (AGM) of the company will be held on June 12, through the digital platform. The record date for this has been fixed at May 26.
Q1 Financials: The company’s Consolidated earnings per share EPS was Tk. 0.12 for January – March 2024 as against Consolidated EPS of Tk 0.13 (restated) for January – March 2023. As of March 31, 2024, Consolidated net asset value (NAVPS) was Tk 29.67 paisa.
The review of the U.S. stock markets highlights a mixed performance across different indices during the week. While the Nasdaq Composite recorded a significant hike, reaching a closing value of 16,156 points, the S&P 500 index showed a negative trend despite adding 28 points.
Conversely, the DJIA Index experienced a notable hike, concluding at 38,675 points after a week of gains. The Russell 3000 Index saw a modest gain, while the Russell 2000 Index demonstrated a notable increase. Overall, the week witnessed varied movements in the stock market, with certain indices showing resilience and others experiencing fluctuations.
Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent hike of 229 points, reaching a closing value of 16,156 points by the end of the week. Similarly, the S&P 500 index showed a negative trend, adding 28 points to settle at 5,127 points. Meanwhile, DJIA Index experienced a notable hike, adding 436 points during the week and concluding at 38,675 points after a week of gain.
In contrast, Russell 3000 Index saw a gain in week performance, with a slight hike of 18 points to reach 2,934 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable gain of 33 points, ending the week at 2,035 points.
In the Outgoing week, the European stock market displayed a losing performance.
Here is the data on the weekly performance of the European Stock Market, The STOXX Europe 600 index, which is considered a leading benchmark for the European market and covers approximately 90 percent of the market capitalization across 17 countries, reported a slight drops of 2.45 points to close at 505.53.
The United Kingdom’s FTSE 100, one of the most widely followed indices in Europe, also showed a significant surge, adding 74 points or finishing the session at 8,213.
In Germany, the DAX 30 index, losing by 160 points to reach 18,001, while France’s CAC 40 decreased by 131 points to stop at 7,957 at the end of the trading day.
Italy’s FTSE MIB, which covers the top 40 stocks traded on the Milan Stock Exchange, decreased by 620 points to 33,629. However, Spain’s IBEX 35, fell by 300 points, to close at 10,854.
