Stocks
Weekly Bourse on Red
Weekly Dhaka Stock Exchange, DSE, Dhaka Bourse has seen a dropped in turnover, market capitalization and index. This information was disclosed in the weekly market review from the DSE
According to sources, the market capitalization of DSE dropped by Tk 3 thousand 202 crore 45 lakh 60 thousand 988 (12 February – 16 February) At the same time, the turnover has lost by 1 thousand 132 crore 47 lakh 10 thousand 333 taka.
The benchmark index ‘DSEX’ dropped 37.10 points or 0.59 percent, in the outgoing week. At the end of the week, the index stands at 6,246 points. The Shariah-based index ‘DSES’ shed 5.27 points or 0.38 percent and therefore the index stands at 1,366 points. The blue-chip index ‘DS30’ lost 11.16 points or 0.50 percent, hence the index stands at 2,224 points.
Shares and units worth 2 thousand 111 crore 19 lakh 68 thousand 839 taka were traded in Dhaka Stock Exchange. At the end of the week, the market capitalization stood at 7 lakh 63 thousand 848 crore 69 lakh 90 thousand 940 taka.
Shares and units of 400 companies were traded on DSE during the week. Of these, 197 shares were unchanged. 151 companies declined, while 27 companies advanced.
Bangladesh Shipping Corporation has ranked at the top of weekly trading on DSE. It is known that 1 crore 4 lakh 13 thousand 668 shares of the company were traded throughout the week. Its market value is 143 crore 81 lakh 77 thousand takas.
Al-Haj Textile Mills Limited has ranked at the top of weekly gainers on DSE. It is known that the share traded a total of Tk 42 crore 34 lakh 9 thousand, which is an average of 8 crore 46 lakh 81 thousand 800 taka per day. The share has risen 15.12 pc to its highest price.
ICB AMCL CMSF Golden Jubilee has ranked at the top of weekly losers on DSE. It is known the share traded a total of Tk 16 lakh 37 thousand, which is an average of 3 lakh 27 thousand 400 share per day. The share has dropped 24.24 percent lowest in the last week.
/NR
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.
