Stocks
Top Ten Firms Transact over Tk 1K crore Shares on DSE over the past week
During the outgoing week, a significant amount of share and unit transfers took place at the Dhaka Stock Exchange (DSE), amounting to a perplexing 3,679 crore 68 lakh 24 thousand takas.
Among these transactions, the top ten companies accounted for 1 thousand 32 crores 92 lakh 24 thousand takas of share transfers. This information has been reported by DSE sources.
According to sources, the highest share transfers last week occurred at Bangladesh Shipping Corporation (BSC) on the DSE. Within a week, the company witnessed a burst of 178 crore 59 lakh 25 thousand takas in share transfers.
In the second position of the most active shares, Gemini Sea Food saw a surge of 129 crore 50 thousand takas in share transfers. Following closely behind, Intraco Refueling Station experienced a burst of 126 crore 29 lakh 84 thousand takas in share transfers.
Shares worth 118 crore 4 lakh 83 thousand takas were traded at Sea Pearl Beach Resort. Rupali Life Insurance also saw significant activity with shares worth 114 crore 77 lakh 45 thousand takas being traded.
In addition to these companies, Eastern Housing witnessed a burst of 78 crore 95 lakh 34 thousand takas, Paper Processing experienced a perplexing 77 crore 25 lakh 91 thousand takas in share transfers, Agni Systems encountered a surprising surge of 72 crore 11 lakh 88 thousand takas, aamra networks observed a burst of 69 crore 5 lakh 16 thousand takas, and Unique Hotel witnessed a significant transfer of shares amounting to 68 crore 82 lakh 8 thousand takas.
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.
