Ten cos account for 40pc transactions on DSE

The ten most traded companies accounted for more than 40 per cent of transactions on the Dhaka Stock Exchange (DSE) on Thursday, with the United Power Generation & Distribution Company making its way to the top of the chart.

Market insiders said investors showed their appetite for United Power's shares throughout the day ahead of the end of the January-March quarter.

The United Power posted a modest earnings growth in the period of July-December 2018.

Its earnings per share (EPS) (separate) rose 15.18 per cent to Tk 5.31 for July-December 2018. The EPS (separate) was Tk 4.61 for the same period in 2017.

According to statistics from the DSE, about 932,566 shares of United Power were traded, generating a turnover of Tk 374 million or 10.60 per cent of the DSE's total turnover.

The total turnover on the DSE stood at Tk 3.52 billion on Thursday, down from Tk 3.53 billion the previous day.

The power generation company's share price closed at Tk 403.01 on Thursday, gaining 1.51 per cent over the previous day.

Its share price traded between Tk 154.10 and Tk 422.50 in the last one year.

The United Power, listed on the DSE in 2015, had disbursed 90 per cent cash and 20 per cent stock dividend for the year ended on June 30, 2018.

The company's paid-up capital is Tk 4.79 billion, authorised capital is Tk 8.0 billion and the total number of securities is 479.08 million.

The sponsor-directors own 90 per cent stake in the company, while institutional investors own 6.37 per cent, foreign investors 0.08 per cent and the general public 3.55 per cent as of February 28, 2019.

BATBC came second on the turnover chart, with shares worth Tk 265 million changing hands. The multinational company's share closed at Tk 4,483.10, shedding 1.12 per cent over the previous day.

Monno Ceramic clinched the third spot, with shares worth Tk 163 million changing hands. The company's share price fell 2.49 per cent to close at Tk 355.80 each.

Singer Bangladesh emerged as the fourth, with shares worth Tk 145 million changing hands. The company's share closed at Tk 192.10, losing 3.27 per cent over the previous day.

Bangladesh Submarine Cable Company notched the fifth spot, with shares worth Tk 119 million changing hands. The state-run company's share price rose 4.85 per cent to close at Tk 153.30 each.

The turnover of JMI Syringes was Tk 90 million. The company's share price fell 1.57 per cent to close at Tk 368.80 each.

Grameenphone (GP) featured a turnover of Tk 85 million. The largest market cap company's share closed at Tk 407.40 each, shedding 0.26 per cent.

The turnover of Brac Bank was Tk 60 million. The company's share closed 0.51 per cent lower at Tk 77.30 each.

Dutch-Bangla Bank featured a turnover of Tk 56 million. The bank's share closed 0.09 per cent lower at Tk 213 each.

Eastern Lubricants also made its way to the top 10 turnover chart, with shares of Tk 56 million changing hands. The company's share price closed at Tk 1503.40, advancing 0.34 per cent over the previous day.

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