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Volatile Week for South Asian Stock Markets as Gains and Losses Collide
South Asian Stocks: Weekly Dhaka Stock Exchange, DSE, Dhaka Bourse has seen a massive drop in Turnover, Index on the other hand Market Capitalization showed a gaining performance. This information was disclosed in the weekly market review from the DSE.
According to sources, (5 working days) the turnover of DSE dropped by Tk 292 crore 82 lakh (30 July – 3 August). At the same time, the market capitalization has gained by 17 thousand 471 crore 70 lakh 91 thousand 188 taka.
The benchmark index ‘DSEX’ lost by 9.65 points or 0.15 percent, in the outgoing week. At the end of the week, the index stands at 6,329 points.
A review of South Asian markets shows that India’s Bombay Stock Exchange (BSE) index BSE Sensex has dived 1,769 points during the week. At the end of the week, the index stood at 65,721 points. On the other hand, the Nifty-50 index of the country’s National Stock Exchange dropped by 129 points last week. At the end of the week, the index stood at 19,517 points.
Pakistan Stock Exchange Index ‘KSE 100’, the best performer of the week, gained 1,449 points last week. After a week of gaining, the index settled at 48,588 points.
On the hand The Sri Lankan stock market hiked, the Colombo Stock Exchange index ‘ASPI’ increased by 321 points in a week. After a week the index settled at 11,633 points.
Bhutan’s stock market index ‘BSI’ has gained 116 points hence the index stood at 1,405 points throughout the whole week. Nepal’s ‘NEPSE’ lost by 37 points last week, as the index stands at 2,089 points.
One of the listed companies, Bata Shoe Bangladesh Limited discloses its financial reports for the first quarter, (January – March 24).
The company’s earnings per share (EPS) was Tk 13.42 paisa in Q1 of the current financial year (January – March 24). EPS was Tk 9.96 (restated) paisa during the same period last year. As of March 31, 2024, at the end of the first quarter of the fiscal year, the company’s net asset value (NAV) per share stood at Tk 251.35.
One of the Listed companies, Rupali Bank PLC has recommended No Dividend for the year ended December 31, 2023.
In terms of financial performance, The Company has also reported Consolidated EPS of Tk. 1.35 for the year ended December 31, 2023. NAV per share of Tk. 36.90 paisa.
The Annual General Meeting (AGM) of the company will be held on July 30, through the digital platform. The record date for this has been fixed at June 12.
2 Listed Companies, BSRM Steels & Bangladesh Steel Re-Rolling Mills Limited discloses their third-quarter financials for the year ended (January 2024 – March 2024). This source is known from DSE.
BSRM Steels: The company’s earnings per share (EPS) was Tk 3.32 paisa in Q3 of the current financial year (January – March 24). EPS was Tk 2.98 paisa during the same period last year. NAV per share was Tk. 78.26 on March 31, 2024.
Bangladesh Steel Re-Rolling Mills: The company’s consolidated earnings per share (EPS) was Tk 4.92 paisa in Q3 of the current financial year (January – March 24). consolidated EPS was Tk 5.35 paisa during the same period last year. Consolidated NAV per share was Tk. 149.14 on March 31, 2024.
