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Ten companies account for 28pc transactions on DSE

Fortune Shoes leads turnover chart


FE Report | Published: August 02, 2019 10:40:36 | Updated: August 03, 2019 11:14:31


Ten most traded companies accounted for 28 per cent of transactions on the Dhaka Stock Exchange (DSE) on Thursday, with Fortune Shoes making it to the top of the turnover list.

Market analysts said investors continued to show their appetite for Fortune shares, buoyed by dividend expectations coupled with the export deal signed with New York-based Steve Madden.

On July 19, Fortune Shoes signed an agreement with Steve Madden for export of shoes worth US$ 4.0 million (Tk 340 million), which is scheduled to be shipped by October.

According to DSE data, about 4.64 million shares of Fortune Shoes were traded on Thursday, generating a turnover of Tk 196 million, making up 4.07 per cent of the DSE's total turnover.

The total turnover on the DSE stood at Tk 4.81 billion on the day, up from Tk 4.48 billion in the previous day.

The shoemaker's share closed at Tk 42.30 on Thursday, advancing 2.42 per cent over the previous session.

The company's share was traded between Tk 27.90 and Tk 42.70 in the last one year.

The Bangladesh Shipping Corporation came second on the turnover chart, with shares worth Tk 163 million changing hands. The company's share closed at Tk 58.60, shedding 0.17 per cent over the previous day.

The Monno Ceramic clinched the third spot, with shares worth Tk 161 million changing hands. The company's share price soared 9.95 per cent to close at Tk 214.20 each.

The United Power emerged fourth with shares worth Tk 153 million changing hands. The power generation company's share closed at Tk 383.60 each, gaining 0.76 per cent over the previous day.

Genex Infosys notched the fifth spot, with shares worth Tk 148 million changing hands. The company's share price rose 7.22 per cent to close at Tk 60.90 each.

The turnover of Beacon Pharma was Tk 112 million. The company's share closed at Tk 23.60 each, advancing 0.43 per cent.

JMI Syringes featured a turnover of more than Tk 103 million. The company's share price inched up by 0.58 per cent to close at Tk 466.10 each.

Square Pharma featured a turnover of Tk 103 million. The company's share closed at Tk 251.90 each, gaining 0.40 per cent.

The turnover of Legacy Footwear was Tk 95 million. The company's share price rose 6.54 per cent to close at Tk 133.50 each.

Bangladesh Submarine Cable Company also made its way to the day's top 10 turnover chart, with shares of Tk 84 million changing hands. The company's share price advanced 3.54 per cent to close at Tk 123 each.

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