Bangladesh
5 years ago

KPCL tops turnover chart for third day

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Top ten traded companies captured 29 per cent turnover of the major bourse on Monday.

Khulna Power Company Ltd (KPCL) topped the chart for third day in a row.

Market insiders said the investors showed their buying appetite on Khulna Power's shares as its price saw substantial corrections in the past few weeks.

In the last two months, the power generation company's share price fell 178 per cent or Tk 92.70 each to came down to Tk 52.20 on December 19.

However, its share price jumped 17 per cent in the past three trading days to close at Tk 61.60 each on Monday.

Brokers said sharp price corrections of the company's share price encouraged some investors to buy its shares.

The power generation company's share traded between Tk 52.50 and Tk 144.90 each in the last one year.

According to statistics available with the DSE, about 2.89 million shares of KPCL were traded, generating a turnover of Tk 181 million, which was 5.06 per cent of the DSE's total turnover.

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