ACME most-traded share on bourses

Dhaka,  Monday,   2016-09-19
Published : 19 Sep 2016, 21:24:54

ACME most-traded share on bourses

FE Report


ACME Laboratories Monday dominated the transaction chart of Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) as investors were active on its share.

Five most active shares on the premier bourse were ACME Laboratories, Lafarge Surma Cement, Square Pharmaceuticals, Shahjibazar Power Company and MJL Bangladesh.

ACME most-traded share on boursesAccording to statistics available with the DSE, some 3.0 million ACME shares were traded, generating a turnover of nearly Tk 327 million, which was 6.05 per cent of the DSE's total turnover.

The country's oldest pharmaceuticals company's share price hovered between Tk 104 and Tk 111.90, before closing at Tk 111.30 on Monday, advancing 5.97 per cent over the previous session.

The company has informed that a meeting of the board of directors will be held today (Tuesday) at 3:30pm to consider, among others, audited financial statements of the company for the year ended on June 30, 2016.

The board of directors of the company, which was listed on the bourses in June this year, is expected to recommend dividend for the first time after listing.

The company's earnings rose 10.37 per cent in nine months period in July 2015 to March 2016 as the company has reported profit after tax of Tk 724.14 million against Tk 656.08 million in the same period last year.

The post-initial public offering (IPO) earnings per share (EPS) stood at Tk 3.42 in nine months.

Recently, the company has approved the revaluation report of the company's property. Due to revaluation, value of property, plant and equipment as at 30 June 2016 has been increased from Tk 16,809.53 million to Tk 17,240.11 million.

ACME's paid-up capital is Tk 2,116.02 million and authorised capital is Tk 5,000 million, while the total number of securities is 211,601,700. The company's total market cap stood at Tk 22,323.98 million as on Monday.

The sponsor-directors own 38.88 per cent stake in the ACME, while institutional investors own 23.88 per cent, foreign 0.73 per cent and the general public 36.51 per cent as on July 31, 2016, the DSE data showed.

ACME was, followed by Lafarge Surma with about 2.77 million shares worth Tk 226 million changing hands. The multinational cement maker's share closed at Tk 80, losing 2.55 per cent over the previous day.

Square Pharma was the third on the DSE transaction list with 698,395 shares worth Tk 187 million changing hands. The company's share price advanced 1.14 per cent to close at Tk 267.10 each.

Shahjibazar Power emerged as fourth on the premier bourse's transaction chart with 1.02 million shares of Tk 174 million changing hands. The power generation company's share closed at Tk 169.80 each, losing 0.52 per cent.

MJL Bangladesh was the fifth on the DSE's turnover list with some 1.25 million shares of Tk 141 million changing hands. The joint venture company's share price fell 0.09 per cent to close at Tk 112.20 each.

On the other hand, five most-traded stocks on the port city bourse were ACME Laboratories, Lafarge Surma Cement, Bangladesh Steel Re-rolling Mills, Bangladesh Submarine Cable Company and KDS Accessories.

According to statistics available with the CSE, some 358,220 ACME shares were traded, generating a turnover of Tk 39.07 million. The pharma company's share price rose 5.59 per cent to close at Tk 111.10 each.

Lafarge Surma was the second on the CSE transaction list with 209,426 shares worth Tk 16.93 million changing hands. The company's share closed at Tk 80 each, shedding 3.03 per cent.

BSRM was third on the port city bourse's turnover chart with 83,971 shares of Tk 15.45 million changing hands. The Chittagong-based steel maker's share price rose 1.77 per cent to close at Tk 184.20 each.

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