Doreen Power most-traded issue on DSE

Dhaka,  Mon,  05 December 2016
Published : 24 Nov 2016, 21:43:06

Doreen Power most-traded issue on DSE

Beximco Ltd tops CSE transaction chart
Doreen Power most-traded issue on DSE
FE Report


Doreen Power Generations and Systems dominated the premier bourse's transaction chart on Thursday while Bangladesh Export Import Company (Beximco) Limited emerged as the turnover leader on the port city bourse.

The five most-traded shares in terms of value on the Dhaka Stock Exchange (DSE) were Doreen Power, Beximco, Generation Next Fashions, Bangladesh Building Systems and City Bank.

According to the statistics available with the premier bourse, some 2.26 million shares of Doreen Power were traded, generating a turnover of Tk 271 million, which was 4.12 per cent of the DSE's total turnover value.

The power generation company's share price hovered between Tk 115.80 and Tk 124, before closing at Tk 123.30 on Thursday, soaring 6.38 per cent over the previous day.

The company's first quarter (Q1) earnings per share (EPS) stood at Tk 2.22 for the July-September period of 2016 as against Tk 0.36 in the same period a year ago, jumping 517 per cent.

However, the company said that the company's EPS saw a big jump due to start of commercial operation of two subsidiary companies of Doreen Power.

The Board of Directors of the company, which was listed in April this year on the stock exchanges, has recommended 10 per cent cash dividend for all shareholders excluding the sponsors/directors and 20 per cent stock dividend for all shareholders for the year ended on June 30, 2016.

The final approval will come during the annual general meeting (AGM) scheduled to be held on December 18.

The company's paid-up capital is Tk 800 million and authorised capital is Tk 2,000 million while total number of securities is 80,000,000. The total market cap stood at Tk 9,272 million as on Thursday.

The sponsor-directors own 75 per cent stake in the Doreen Power, while institutional investors own 9.33 per cent and the general public 15.67 per cent as of October 31, the DSE data showed.

Doreen Power was, closely followed by Beximco with about 9.33 million shares worth Tk 233 million changing hands. The company's share closed at Tk 24.80 each, advancing 1.64 per cent over the previous day.

Generation Next Fashions was the third on the DSE transaction list with some 21.36 million shares of Tk 182 million changing hands. The company's share price jumped 8.80 per cent to close at Tk 8.50 each.

Bangladesh Building Systems emerged as fourth on the premier bourse's turnover chart with 4.07 million shares of Tk 171 million changing hands. The company's share closed at Tk 41.60, losing 7.75 per cent.

City Bank was the fifth on the DSE's turnover list with some 6.07 million shares of Tk 153 million changing hands. Each share of the bank closed at Tk 25.20, gaining 0.85 per cent.

Besides, the five most-traded stocks in terms of value on the port city bourse were Beximco, Generation Next Fashions, Bangladesh Steel Re-rolling Mills, National Bank and The Peninsula Chittagong.

According to available data from the CSE, some 1.04 million shares of Beximco were traded, generating a turnover of Tk 25.95 million. Each share of the company, the largest company within the Beximco group, closed at Tk 24.80 each, advancing 1.64 per cent.  

Generation Next Fashions was the second on the CSE turnover list with 2.85 million shares worth Tk 24.23 million changing hands. The company's share closed at Tk 8.50 each, soaring 8.86 per cent.

Bangladesh Steel Re-rolling Mills was the third on the port city bourse's turnover chart with 149,233 shares of Tk 20.64 changing hands. The Chittagong-based company's share price fell 0.72 per cent to close at Tk 138 each.

National Bank was the fourth on the port city bourse's turnover list with 1.75 million shares of Tk 17.55 million changing hands. The bank's share price closed at Tk 10, advancing 2.02 per cent over the previous day.

The Peninsula was the fifth on the CSE's transaction list with 599,167 shares of Tk 15.97 million changing hands. The travel and leisure sector company's share price rose 7.11 per cent to close at Tk 27.10 each.

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