The Financial Express

Ten-traded cos snare 28pc turnover; JMI Syringes leads DSE turnover chart

FE Report | Published: June 26, 2019 10:50:42

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JMI Syringes topped the Dhaka Stock Exchange's turnover chart on Tuesday while ten most-traded firms captured more than 28 per cent transaction.

The share price of JMI Syringes & Medical Devices is also soaring without having any undisclosed price sensitive information.

The share price of JMI Syringes soared 49 per cent or Tk 158 each in the past one month to close at Tk 482.50 per share on Tuesday.

According to statistics available with the DSE, about 499,606 shares of JMI Syringes were traded, generating a turnover of Tk 241 million, which was 5.31 per cent of the day's total turnover.

The total turnover on the DSE stood at Tk 4.53 billion on Tuesday as against Tk 3.78 billion in the previous session.

The medical devices producer's share traded between Tk 178.50 and Tk 500.10 each in the last one year.

Recently, the securities regulator has approved capital raising proposal of the company for issuing 11.10 million shares in favour of Japan-based NIPRO Corporation, at the issue price of Tk 164.10 per share, with a premium of Tk 154.10 each.

Market analysts said investors, particularly institutional investors, are increasing their holdings in JMI Syringes after the news.

Sponsor-directors hold 61.13 per cent stake in the company while the institutions 6.28 per cent and general public the remaining 32.59 per cent as of April 30.

However, the institutional investors share holding position rose to 13.74 per cent as on May 31, and the general public's position declined to 25 on May 31.

The company's earnings per share (EPS) in nine months for July 2018-March 2019, was Tk 4.91 as against Tk 4.19 for July 2017-March 2018.

JMI Syringes, which was listed on the DSE in 2013, disbursed 30 per cent cash dividend for the year ended on June 30, 2018.

The company's paid-up capital is Tk 110 million and authorised capital is Tk 1.0 billion while the total number of securities is 11.12 million.


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