Stocks
Weekly DSE Shrinks
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, (4 working days) the market capitalization of DSE dropped by Tk 1 thousand 621 crore 71 lakh 59 thousand 792 (19 February – 23 February) At the same time, the turnover has lost by 1 thousand 18 crore 68 lakh 48 thousand 534 taka.
The benchmark index ‘DSEX’ dropped 41.09 points or 0.66 percent, in the outgoing week. At the end of the week, the index stands at 6,205 points. The Shariah-based index ‘DSES’ shed 10.76 points or 0.79 percent and therefore the index stands at 1,355 points. The blue-chip index ‘DS30’ lost 2.86 points or 0.13 percent, hence the index stands at 2,221 points.
Shares and units worth 1 thousand 92 crore 51 lakh 20 thousand 305 taka were traded in Dhaka Stock Exchange. At the end of the week, the market capitalization stood at 7 lakh 62 thousand 226 crore 98 lakh 31 thousand 148 taka.
Shares and units of 400 companies were traded on DSE during the week. Of these, 182 shares were unchanged. 153 companies declined, while 15 companies advanced.
Bangladesh Shipping Corporation has ranked at the top of weekly trading on DSE. It is known that 55 lakh 92 thousand 193 shares of the company were traded throughout the week. Its market value is 75 crore 99 lakh 80 thousand takas.
ICB AMCL CMSF Golden Jubilee Mutual Fund has ranked at the top of weekly gainers on DSE. It is known that the share traded a total of Tk 65 lakh 63 thousand, which is an average of 16 lakh 40 thousand 750 taka per day. The share has risen 20 pc to its highest price.
Bangladesh General Insurance Company Limited has ranked at the top of weekly losers on DSE. It is known the share traded a total of Tk 38 lakh 55 thousand, which is an average of 9 lakh 63 thousand 750 shares per day. The share has dropped 19.10 percent lowest in the last week.
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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.
