Bangladesh
5 years ago

Ten most-traded companies capture 30pc turnover

Fortune Shoes leads the chart for fifth day

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Ten most-traded companies captured more than 30 per cent transaction of the Dhaka Stock Exchange (DSE) Sunday while Fortune Shoes topped the chart for fifth straight session.

Market analysts said investors continued to show their appetite on Fortune Shoes shares after the company posted a 35 per cent earnings growth in January-March, 2019 quarter.

The company's earnings per share (EPS) stood at Tk 0.54 for January-March 2019 as against Tk 0.40 for January-March 2018.

In nine months for July 2018-March 2019, its EPS was Tk 1.67 as against Tk 1.19 for July 2017-March 2018.

According to statistics from the DSE, with 5.26 million shares of Fortune Shoes were traded on the day, generating a turnover of nearly Tk 202 million, which was 5.64 per cent of the DSE's total turnover.

The total turnover on the DSE stood at Tk 3.58 billion on Sunday which was Tk 3.76 billion in the previous session.

The company's share price closed at Tk 37.90 on Sunday, losing 1.56 per cent over the previous session.

The company's share traded between Tk 27.70 and Tk 40.40 in the last one year.

The Fortune Shoes, which was listed on the DSE in 2016, disbursed 15 per cent stock dividend for the year ended on June 30, 2018.

The company's paid-up capital is Tk 1.25 billion, authorised capital is Tk 1.50 billion and the total number of securities is 124.93 million.

The sponsor-directors own 30.93 per cent stake in the company, while institutional investors own 10.34 per cent and the general public 58.73 per cent as of March 31, 2019.

Bangladesh Shipping Corporation followed next, with shares worth Tk 184 million changing hands. The company's share closed at Tk 52.60, soaring 4.15 per cent over the previous session.

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