Bangladesh
6 years ago

Low-cap cos dominate DSE gainer chart

FE File Photo
FE File Photo

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Listed companies with low capitalisation dominated the gainer's chart of the Dhaka Stock Exchange (DSE) Monday though they had no price sensitive information (PSI) or any expansion plan.

The premier bourse served show-case notice on some of the low-cap companies recently. The companies, however, informed the premier bourse that they have no price sensitive information.

"Even after serving of show-cause notice, the prices of the companies continued to rise, which will hit the investors hard," said an analyst, seeking anonymity.

He noted that investors should be careful about the unusual price hike of the low-cap companies and Z-category companies.

"We are looking into the matter," said a DSE executive. Investors should be careful about the unusual price hike of the low-cap companies, he added.

Of the companies, Usmani Glass Sheet Factory topped the day's gainer chart, jumping 9.90 per cent to close at Tk 99.90 each on the day.

The state-run company disclosed second quarter (Q2) earnings on the day. As per Q2 un-audited financial results, the earnings per share (EPS) of the company for October-December, 2017 stood at Tk 0.15 as against minus Tk 1.64 for the same period of the previous year.

Takaful Insurance came to the next. The insurance company's share price soared 7.60 per cent to end at Tk 26.90 each.

BD Autocars emerged as third highest gainer, posting a gain of 5.69 per cent. The engineering sector "B" company's share price closed at Tk 124.40.

The recently listed BBS Cables was the fourth highest gainer. The company's share price rose 5.31 per cent to settle at Tk 110.90 each.

Nahee Aluminum posted a 4.83 per cent positive return. The aluminum composite panel manufacturer's share price finished at Tk 62.90 each.

Daffodil Company's saw a 1 3.70 per cent price surge and emerged the sixth top gainer. The company's share price closed at Tk 44.80 each.

Saiham Textile was the day's seventh highest gainer with 3.52 per cent return. The textile company's share price settled at Tk 20.60.

United Insurance featured in the eighth highest gainer, soaring 3.47 per cent to close at Tk 29.80 each.

The newly listed Oimex Electrode was the ninth highest gainer, posting a gain of 3.42 per cent. The company's share price closed at Tk 57.40.

ICB AMCL Third NRB Mutual Fund was also included in the top gainer chart, gaining 3.12 per cent to close at Tk 6.60 each.

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