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Ten companies account for 24pc transactions

United Power leads DSE turnover chart


FE Report | Published: June 01, 2019 10:48:22 | Updated: June 06, 2019 14:18:43


Ten most traded firms accounted for nearly 24 per cent of transactions on the Dhaka Stock Exchange (DSE) in the last week ending on Thursday, with the United Power Generation & Distribution Company making it to the top of the list.

Market analysts said investors were active on the United Power's shares throughout the week as the company's quarterly earnings soared.

The power generation company's consolidated earnings per share (EPS) stood at Tk 5.19 for January-March 2019 as against Tk 2.40 (separate) for January-March 2018.

The consolidated EPS for July 2018-March 2019 period was Tk 12.88, compared to Tk 7.01 (separate) for July 2017-March 2018.

The consolidated net operating cash flow per share (NOCFPS) was Tk 10.52 for July 2018-March 2019 as against Tk 6.67 (separate) for July 2017-March 2018.

The consolidated net asset value (NAV) per share was Tk 66.29 as on March 31, 2019 and Tk 34.00 (separate) as on June 30, 2018.

According to the statistics available with the DSE, about 1.91 million shares of United Power were traded last week, generating a turnover of Tk 643 million, making up 3.49 per cent of the DSE's total turnover.

The total turnover on the DSE stood at Tk 18.41 billion last week, up from Tk 17.93 billion in the week before.

The company's share closed at Tk 343.80 on Thursday, the last trading session of the week, soaring 4.95 per cent over the previous week.

The company's share traded between Tk 207.90 and Tk 422.50 in the last one year.

The United Power, listed on the DSE in April 2015, 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 6.68 per cent, foreign investors 0.06 per cent and the general public 3.26 per cent as of April 30, 2019, the DSE data show.

The National Life Insurance Company came second on the DSE turnover chart, with shares worth Tk 482 million changing hands. The company's share closed at Tk 221.60 on Thursday, soaring 21.56 over the previous week.

The BATBC clinched the third spot, with shares worth Tk 459 million changing hands. The company's share price edged 0.67 per cent up to close at Tk 1,325.90 each on Thursday.

Square Pharmaceuticals emerged fourth, with shares worth Tk 434 million changing hands. The company's share closed at Tk 254.80 each, advancing 2.62 per cent.

New Line Clothings notched the fifth spot, with shares worth Tk 428 million changing hands. The company's share closed at Tk 23.10 each on Thursday, soaring 131 per cent, from its issue price of Tk 10. The company made its share trading debut on Monday last.

The turnover of JMI Syringes was Tk 426 million. The company's share closed at Tk 373.90 each, soaring 13.13 per cent over the previous week.

Eastern Cables featured a turnover of over Tk 411 million. The company's share price advanced 6.87 per cent to close at Tk 378 each on Thursday.

The turnover of BRAC Bank was Tk 408 million. The company's share closed at Tk 64.60 each, advancing 6.25 per cent over the week before.

SK Trims Industries featured a turnover of Tk 351 million. The company's share price advanced 2.38 per cent to close at Tk 51.60 each.

Fortune Shoes also made its way to the top 10 turnover chart, with shares of Tk 348 million changing hands. The company's share price fell 2.38 per cent to close at Tk 36.90 each on Thursday.

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