Stocks
Weekly Bourse Surge
Weekly Dhaka Stock Exchange, DSE, Dhaka Bourse has seen a hikes in turnover,Market Capitalization & Index. This information was disclosed in the weekly market review from the DSE
According to sources, (5 working days) the turnover of DSE gained by Tk 906 crore 18 lakh 37 thousand 210 (21 May – 25 May). At the same time, the market capitalization has gained by 1 housand 922 crore 9 lakh 43 thousand 391 taka.
The benchmark index ‘DSEX’ increased by 35.54 points or 0.56 percent, in the outgoing week. At the end of the week, the index stands at 6,325 points. The Shariah-based index ‘DSES’ gained 2.53 points or 0.19 percent and therefore the index stands at 1,370 points. The blue-chip index ‘DS30’ added 3.20 points or 0.15 percent, hence the index stands at 2,198 points.
Shares and units worth 4 thousand 585 crore 86 lakh 61 thousand 848 taka were traded in Dhaka Stock Exchange. At the end of the week, the market capitalization stood at 7 lakh 72 thousand 559 crore 96 lakh 01 thousand 647 taka.
Shares and units of 402 companies were traded on DSE during the week. Of these, 202 shares were unchanged, 69 companies declined, and 118 companies advanced.
Bangladesh Shipping Corporation has ranked at the top of weekly trading on DSE. It is known that 1 crore 68 lakh 73 thousand 409 shares of the company were traded throughout the week. Its market value is 229 crore 34 lakh 40 thousand takas.
Read More: Weekly Bourse Performed Mixed
Trust Islami Life Insurance Limited has ranked at the top of weekly gainers on DSE. It is known that the share traded a total of Tk 75 thousand, which is an average of 15 thousand per day. The share has risen 59.66 pc to its highest price.
Premier Bank Limited has ranked at the top of weekly losers on DSE. It is known the share traded a total of Tk 10 crore 48 lakh 62 thousand, which is an average of 2 crore 9 lakh 72 thousand 400 shares per day. The share has dropped 9.22 percent lowest in the last week.
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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.
