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Ten companies grab 24pc transactions

GP tops DSE turnover chart


FE Report | Published: July 16, 2019 10:37:40 | Updated: July 17, 2019 10:46:34


Ten most traded companies accounted for 24 per cent transactions on the Dhaka Stock Exchange (DSE) on Monday, with the Grameenphone (GP) making it to the top of the turnover list.

Market analysts said investors dumped GP shares as the company declared lower-than-expected interim cash dividend.

The GP has recommended 90 per cent interim cash dividend for the year 2019 out of the audited net profits of the company for the half year ended on June 30, 2019, said an official disclosure on Monday.

The telecom regulator's recent decision to cut the bandwidth capacity of GP also eroded the investor confidence, said a leading broker.

According to the statistics available with the DSE, about 374,511 shares of GP were traded, generating a turnover of Tk 123 million, which was 4.0 per cent of the day's total turnover.

The total turnover on the DSE stood at Tk 3.06 billion on Monday.

The GP's share traded between Tk 322.80 and Tk 344.80 on Monday, before closing at Tk 324.40 each, plunging by 5.89 per cent over the previous session.

The largest market-cap company's share price hovered between Tk 322.80 and Tk 419.90 in the last one year.

The multinational company has also reported earnings per share (EPS) for April-June 2019 of Tk 7.07 as against Tk 7.70 for April-June 2018.

In the six months for January-June 2019, its EPS was Tk 13.37 as against Tk 12.10 for January-June, 2018.

The net operating cash flow per share (NOCFPS) was Tk 20.94 for January-June 2019 as against Tk 20.30 for January-June, 2018.

The net asset value (NAV) per share was Tk 25.15 as on June 30, 2019 and Tk 27.28 as on June 30, 2018.

The company disbursed 280 per cent cash dividend for the year that ended on December 31, 2018.

The company's paid-up capital is Tk 13.50 billion, authorised capital is Tk 40 billion and the total number of securities is1.35 billion.

The sponsor-directors own 90 per cent stake in the company, while institutions 3.93 per cent, foreign investors 3.98 per cent and the general shareholders remaining 2.09 per cent as of June 30, 2019, the DSE data shows.

Monno Ceramic came second on the turnover chart, with shares worth Tk 96 million changing hands. The company's share closed at Tk 148.60, losing 9.72 per cent over the previous day.

Fortune Shoes clinched the third spot, with shares worth Tk 95 million changing hands. The company's share price fell 0.82 per cent to close at Tk 36.30 each.

Square Pharmaceuticals emerged fourth with shares worth Tk 87 million changing hands. The company's share closed at Tk 253.20, shedding 1.32 per cent.

United Power notched the fifth spot, with shares worth Tk 79 million changing hands. The company's price lost 1.69 per cent to close at Tk 371.50 each.

The turnover of JMI Syringes & Medical Devices was Tk 53 million. The company's share closed at Tk 441.40 each, down 3.01 per cent over the previous session.

Federal Insurance featured a turnover of Tk 52 million. The company's share price eroded 1.89 per cent to close at Tk 15.60 each.

The turnover of National Life Insurance was Tk 51 million. The company's share closed at Tk 262.60 each, losing 3.03 per cent.

Runner Automobiles featured a turnover of Tk 49 million. The company's share price shed 2.93 per cent to close at Tk 89.30 each.

Singer Bangladesh also made its way to the top 10 turnover chart, with shares of Tk 48 million changing hands. The company's share closed at Tk 197.60 each, losing 2.80 per cent over the previous day.

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