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Ten-traded cos snare 26pc turnover

United Power to acquire 75 per cent shares of Leviathan Global


FE Report | Published: June 24, 2019 10:31:21


Ten most-traded firms captured more than 26 per cent transaction of the Dhaka Stock Exchange (DSE) on Sunday while United Power topped the list.

Market analysts said investors were active on the United Power shares throughout the session amid positive expectations ahead of its June year-end closing.

The news of acquisition of 75 per cent shares of Leviathan Global BD at face value also encouraged investors, they said.

United Power has decided to acquire 75 per cent or equivalent to 300,000 ordinary shares of Leviathan Global at face value of Tk 10 each, said an official disclosure on Sunday.

According to statistics available with the DSE, about 444,653 shares of United Power were traded, generating a turnover of Tk 166 million, which was 4.91 per cent of the day's total turnover.

The total turnover on the DSE stood at Tk 3.38 billion on Sunday against Tk 4.45 billion in the previous session.

The power generation company's share closed at Tk 368.60 on the day, shedding 1.23 per cent over the previous session.

The company's share traded between Tk 248.50 and Tk 422.50 in the last one year.

United Power, which was 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 institutions 6.64 per cent, foreign investors 0.04 per cent and the general public 3.32 per cent as of May 31, 2019, the DSE data shows.

Eastern Insurance followed next, with shares worth Tk 134 million changing hands. The company's share closed at Tk 57.30, gaining 2.32 per cent over the previous session.

Global Insurance clinched the third spot, with shares worth Tk 100 million changing hands. The company's share price rose 4.54 per cent to close at Tk 32.20 each.

Fortune Shoes emerged fourth with shares worth Tk 93 million changing hands. The company's share closed at Tk 35.80 each, advancing 2.28 per cent.

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