Stocks
South Asian Stock Market has seen dropped in Index last week
South Asian Stock Markets fell last week. Among them, the biggest fall was in the stock markets of India and Pakistan.
A review of South Asian markets shows that India’s Bombay Stock Exchange (BSE) index BSE Sensex fell below 60,000 points in a week. The index lost 1,636 points during the week. Also, the Nifty-50 index of the country’s National Stock Exchange fell by 472 points last week. At the end of the week, the index stood at 17,806 points.
Pakistan Stock Exchange Index ‘KSE 100’ lost 1,632 points last week. After a week of decline, the index settled at 39,669 points.
The Sri Lankan stock market also suffered a big fall last week. The Colombo Stock Exchange index ‘ASPI’ fell by 173 points in a week. Also, Bhutan’s stock market index ‘BSI’ lost 12 points and Nepal’s ‘NEPSE’ lost 15 points last week.
Meanwhile, all the indices of the stock market of Bangladesh fell last week. Dhaka Stock Exchange has seen decline on four out of five working days of the week. The stock market of Bangladesh ended with a fall in the outgoing week. Dhaka Stock Exchange’s main index ‘DSE X’ lost 54.61 points in five working days. During the week, the trade dropped by 774 crore 44 lakh 30 thousand taka. Also, DSE’s market capitalization fell by Tk 2,667 crore in one week.
Dhaka Stock Exchange DSE, Bourse on the first working day of the week, 5th May, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.
817 crore 76 lakh taka shares were traded on this day. 107 crore 13 lakh more tradings were done in DSE today compared to the previous workday, 2nd May , Shares worth Tk 710 crores 62 lakh shares were traded last time, Thursday.
The benchmark DSEX added 76.41 points or 5,692 The Shariah-based index DSES gained 18.55 points or 1,250, and the blue-chip index DS30 increased by 25.59 points or 2,033.
Of the issues traded, 259 advanced, 98 declined and 44 remained unchanged.
Far East Knitting & Dyeing Limited ranked top gainer on DSE, the share price increased by Tk 1.50 paisa or 10.00 percent. On this day, the share was last traded at Tk 16.50 paisa.
ADN Telecom Limuited ranked top loser on the DSE, the share price dropped by Tk 3.20 paisa or 3 percent. On this day, the share was last traded at Tk 103.50 paisa.
DSE topped on trade is Orion Infusion Limited 41 crore 5 lakh takas of company shares have been traded.
A total of 34 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 31 lakh 74 thousand 321 shares of the companies were traded. The financial value of which is 36 crore 66 lakh taka
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.
