Doreen tops DSE turnover chart for second day

Dhaka,  Fri,  09 December 2016
Published : 27 Nov 2016, 21:27:57 | Updated : 27 Nov 2016, 21:31:15

Doreen tops DSE turnover chart for second day

Beximco Limited most-traded issue on Ctg bourse
Doreen tops DSE turnover chart for second day
FE Report


Doreen Power Generations and Systems dominated the premier bourse's transaction chart for the second consecutive session on Sunday while Beximco Limited was the most-traded issue on the port city bourse.

The five most-traded shares in terms of value on the Dhaka Stock Exchange (DSE) were Doreen Power, Bangladesh Building Systems, Quasem Drycells, AB Bank and Bangladesh Export Import Company (Beximco) Limited.

According to the statistics available with the premier bourse, about 1.96 million shares of Doreen Power were traded, generating a turnover of Tk 249 million, which was 4.08 per cent of the DSE's total turnover value.

The power generation company's share price hovered between Tk 124.40 and Tk 129.80 before closing at Tk 127 on the day, advancing 3.0 per cent over the previous session.

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 its 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 early April this year with the stock exchanges, recommended 10 per cent cash dividend for 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 9,864 million as on Sunday.

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 Bangladesh Building Systems with about 5.09 million shares worth Tk 215 million changing hands. The company's share closed at Tk 44 each, soaring 6.0 per cent over the previous day.

Quasem Drycells was third on the DSE transaction list with some 1.87 million shares of Tk 187 million changing hands. The company's share price jumped 6.25 per cent to close at Tk 101.70 each.

AB Bank emerged as fourth on the premier bourse's turnover chart with 7.35 million shares of Tk 166 million changing hands. The bank's share closed at Tk 21.80, losing 5.0 per cent.

Beximco Limited was fifth on the DSE's turnover list with some 6.21 million shares of Tk 153 million changing hands. Each share of the company closed at Tk 24.50, shedding 1.21per cent.

Besides, the five most-traded shares in terms of value on the port city bourse were Beximco, Fortune Shoes, Lafarge Surma Cement, AB Bank and The Peninsula Chittagong.

According to the available data from the CSE, some 738,212 shares of Beximco were traded, generating a turnover of Tk 18.20 million. Each share of the company, the largest company within the Beximco group, closed at Tk 24.50 each, losing 1.21 per cent.

Fortune Shoes was second on the CSE turnover list with 353,935 shares worth Tk 17.22 million changing hands. The company's share price closed at Tk 50.70 each - soaring 9.27 per cent.

Lafarge Surma Cement was third on the port city bourse's turnover chart with 211,336 shares of Tk 15.64 million changing hands. The multinational cement maker's share price advanced 0.27 per cent to close at Tk 74 each.

AB Bank was fourth on the port city bourse's turnover list with 660,353 shares of Tk 14.79 million changing hands. The bank's share price closed at Tk 21.90 each, losing 4.37 per cent.

The Peninsula was fifth on the CSE's transaction list with 517,678 shares of Tk 14.11 million changing hands. The travel and leisure sector company's share price rose 2.58 per cent to close at Tk 27.70 each.

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