Lafarge tops DSE turnover chart for 2nd day

Dhaka,  Sat,  03 December 2016
Published : 01 Dec 2016, 21:57:53

Lafarge tops DSE turnover chart for 2nd day

RAK Ceramics most-traded issue on CSE
FE Report


Lafarge Surma Cement dominated the transaction chart of DSE for the two consecutive sessions while RAK Ceramics (Bangladesh) most-traded share on the port city bourse.

Five most-traded stocks on the Dhaka Stock Exchange (DSE) were Lafarge Surma Cement, Shasha Denims, Bangladesh Building Systems, The Peninsula Chittagong and Ratanpur Steel Re-rolling Mills.

According to statistics available with the DSE, about 6.14 million Lafarge shares were traded, generating a turnover of Tk 486 million, which was 6.05 per cent of the premier bourse's total turnover value.

The multinational cement maker's share price hovered between Tk 77 and Tk 80.50, before closing at Tk 79.90 each on Thursday, advancing 4.58 per cent over the previous day.

Market insiders said Lafarge remained on investors' buying interest as Meghalaya-based Lafarge Umiam Mining Pvt Ltd, a fully owned subsidiary of Lafarge Surma, has received environment clearance from the Indian government.

The approval will help the mining company to more than double its yearly limestone production capacity to 5.0 million tonnes per year.

Lafarge Surma, manufacturer of Supercrete-branded cement in Bangladesh, is now able to expand its production capacity as the mining company supplies limestone to the cement company.  

The multinational cement producer, which was listed on the Dhaka bourse in 2003, declared 5.0 per cent interim cash dividend for the year ending on 31 December 2016, out of the provisional net profits of the company for the period ended on September 30, 2016.

The company has also reported consolidated profit for the period of Tk 1,316.85 million, consolidated earnings per share (EPS) of Tk 1.13, consolidated net asset value (NAV) per share of Tk 13.01 and consolidated net operating cash flow per share (NOCFPS) of Tk 0.67 for the period ended September 30, 2016.

The Lafarge Surma was, closely followed by Shasha Denims with about 5.73 million shares worth Tk 367 million changing hands. The company's share closed at Tk 66, soaring 10 per cent over the previous day. It was also the day's highest gainer.

Bangladesh Building Systems was the third with about 6.77 million shares of Tk 292 million changing hands. The company's share price rose 2.13 per cent to close at Tk 43.20 each.

The Peninsula emerged as fourth on the DSE turnover list with 6.28 million shares worth Tk 178 million changing hands. The company's share closed at Tk 28.40, gaining 5.18 per cent.

Ratanpur Steel came fifth on the turnover chart with 3.65 million shares of Tk 177 million changing hands. Each share of the steel maker closed at Tk 49.50, advancing 4.42 per cent.

Besides, five most active shares in terms of value on the Chittagong Stock Exchange (CSE) were RAK Ceramic (Bangladesh), Lafarge Surma Cement, Simtex Industries, Bangladesh Steel Re-rolling Mills and Beximco.

According to statistics available with the CSE, about 844,101 shares of RAK Ceramics were traded, generating a turnover of Tk 51.72 million. The company's share price fell 1.28 per cent to close at Tk 62 each.

Lafarge Surma Cement was the second with 539,940 shares worth Tk 42.80 million changing hands. The company's share price rose 4.58 per cent to close at Tk 79.90 each.

Simtex Industries was the third with 1.41 million shares of Tk 27.55 million changing hands. The company's share closed at Tk 20.10, remaining unchanged over the previous day.

Bangladesh Steel Re-rolling Mills was the fourth with 153,503 shares of Tk 20.90 million changing hands. The Chittagong-based company's share closed at Tk 135.90, advancing 1.56 per cent.

Beximco was the fifth on the CSE's transaction list with 749,710 shares of Tk 18.25 million changing hands. The company's share price fell 0.41 per cent to close at Tk 24.20.

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