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Fortune Shoes leads turnover chart for third day

FE Report | Published: May 09, 2019 10:41:14 | Updated: May 20, 2019 11:11:07


Ten most-traded companies captured nearly 38 per cent transaction of the Dhaka Stock Exchange (DSE) Wednesday while Fortune Shoes topped the chart for third straight day.

Market insiders said investors showed 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 8.32 million shares of Fortune Shoes were traded on the day, generating a turnover of more than Tk 317 million, which was 9.56 per cent of the DSE's total turnover.

The total turnover on the DSE stood at Tk 3.31 billion on Wednesday which was Tk 4.33 billion in the day before.

The company's share price closed at Tk 39 each on Wednesday, soaring 4.0 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.

Monno Ceramic followed next, with shares worth Tk 249 million changing hands. The company's share closed at Tk 234.20, shedding 7.57 per cent.

The recently listed Esquire Knit Composite clinched the third spot, with shares worth Tk 138 million changing hands. The company's share closed at Tk 49.40, advancing 2.91 per cent over the previous day.

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