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The Financial Express

Ten companies grab 37pc turnover


Ten companies grab 37pc turnover

The ten most-traded stocks grabbed more than 37 per cent of turnover of the Dhaka Stock Exchange (DSE) in the outgoing week while ONE Bank topped both the turnover and the losers' lists.

Investors were mostly active in the banking sector stocks as the sector captured 18 per cent of the week's total turnover, with two banks featuring on the top turnover list.

ONE Bank dominated the turnover list with 190.62 million shares worth Tk 2.91 billion changing hands, accounting for 7.81 per cent of the week's total turnover.

ONE Bank was also the day's worst loser, shedding 21.31 per cent to close at Tk 14.40 per share on Wednesday, the last trading day of the week, as investors dumped its shares, after witnessing its sharp rise over the past three weeks.

Its shares traded between Tk 9.80 and Tk 20.90 in the last one year.

The bank has reported consolidated earnings per share (EPS) of Tk 1.64 for January-September 2021 as against Tk 1.15 for January-September 2020.

The bank has decided to increase its authorised capital from Tk 10 billion to Tk 18.50 billion, subject to the approval of the shareholders and regulatory authorities.

The bank will hold an extraordinary general meeting (EGM) through digital platform on December 23 for approval of the shareholders.

Beximco -- the flagship company of Beximco Group -- came second on the turnover list, with shares worth Tk 2.84 billion changing hands. The company's share price dropped by 5.63 per cent to close at Tk 154.30 on Wednesday.

Fortune Shoes clinched the third spot, with shares worth Tk 1.69 billion changing hands during the week. The footwear manufacturer's share closed at Tk 104, soaring 16.07 per cent.

GSP Finance emerged as the fourth, with shares worth Tk 1.25 billion changing hands. The company's share price advanced 1.10 per cent to close at Tk 27.60 each on Wednesday.

Genex Infosys notched the fifth spot, with shares worth Tk 1.07 billion changing hands. The IT company's share closed at Tk 177.30 on Wednesday, gaining 5.35 per cent.

The turnover of Sonali Paper & Board Mills was Tk 985 million. The company's share closed at Tk 769.50, soaring 19.69 per cent over the previous week.

Within the two weeks, the Sonali Paper's share price soared Tk 225 each or 41 per cent. Its share price jumped over 237 per cent or Tk 541 each in the past six months.

Saif Powertec featured a turnover of Tk 981 million. The company's share price dropped 0.47 per cent to close at Tk 42.20 each on Wednesday.

The turnover of Delta Life Insurance was Tk 782 million. The life insurer's share price advanced 0.82 per cent to close at Tk 197.80 each.

IFIC Bank featured a turnover of Tk 629 million. The bank's share closed at Tk 17.40 each, losing 5.95 per cent.

The newly listed Sena Kalyan Insurance also made its way to the week's top turnover list, with shares worth Tk 569 million changing hands. The company's share gained 2.77 per cent to close at Tk 81.70 on Wednesday.

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