IFIC Bank leads DSE turnover chart

Dhaka,  Sun,  20 August 2017
Published : 14 Mar 2017, 21:16:38
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IFIC Bank leads DSE turnover chart

National Bank most-traded issue on CSE
FE Report


IFIC Bank Tuesday dominated the premier bourse's transaction chart while National Bank was the most-traded issue on the port city's bourse.

Market insiders said expectation of dividend jacked the investors' confidence up to buy banking stocks.

 "Following a media report that most of the private commercial banks listed on the stockmarket saw hefty net profits in 2016 encouraged the investors to buy bank issues," said an analyst.

Accordingly, bank sector accounted for nearly 29 per cent of the day's total turnover value with enjoying 1.40 per cent gain on the premier bourse.

IFIC Bank, LankaBangla Finance, Active Fine Chemicals, Beximco and First Security Islami Bank were the most-active shares in terms of value on the Dhaka Stock Exchange (DSE).

According to the statistics available with the DSE, about 11.51 million shares of IFIC Bank were traded, generating a turnover of above Tk 313 million on Tuesday. It was 3.24 per cent of the premier bourse's total turnover value.

The bank's share price hovered between Tk 26.30 and Tk 28.30 per share, before closing at Tk 27.70 per share on the day, advancing 5.72 per cent over the previous day.

In nine months for January-September 2016 period, consolidated earnings per share (EPS) of IFIC Bank stood at Tk 2.10 as against Tk 1.72 for January-September, 2015.

IFIC Bank, which was listed on the Dhaka bourse in 1986, disbursed 12 per cent stock dividend for the year ended on December 31, 2015.

The bank's paid-up capital is nearly Tk 5.64 billion and authorised capital is Tk 20 billion, while the total number of securities is 563,821,907. The bank's total market cap stood at Tk 14.77 billion as on Tuesday.

IFIC Bank was, closely followed by LankaBangla with 5.35 million shares worth Tk 303 million changing hands. The company's share price closed at Tk 56 each, losing 1.75 per cent over the previous day.

Active Fine was the third, with some 5.74 million shares of Tk 298 million changing hands. The company's share price advanced 1.56 per cent to close at Tk 51.80.

Beximco emerged as the fourth with about 7.21 million shares of Tk 256 million changing hands. The company's share price closed at Tk 35.70 each, advancing 0.56 per cent.

First Security Islami Bank was the fifth on the DSE's turnover list, with some 15.17 million shares of Tk 249 million changing hands. Each share of the bank closed at Tk 16.50 each, gaining 3.12 per cent over the previous day.

Besides, the five most-traded shares in terms of value on the Chittagong Stock Exchange (CSE) were National Bank, Midas Financing, IFIC Bank, Beximco and Al-Arafah Islami Bank.

According to data available with the CSE, some 6.43 million shares of National Bank were traded, generating a turnover of Tk 86.91 million. The bank's share price closed at Tk 14.50, gaining 2.84 per cent.

Midas Financing notched the second spot, with 1.46 million shares worth Tk 40.70 million changing hands. The company's share price rose 3.90 per cent to close at Tk 31.90 each.

IFIC Bank was the third with 1.10 million shares worth Tk 30.06 million changing hands. The bank's share price closed at Tk 27.50, advancing 4.94 per cent the previous day.

Beximco was the fourth with 693,646 shares of Tk 24.72 million changing hands. The company's share price advanced 0.56 per cent to close at Tk 35.70 each.

Al-Arafah Islami Bank was the fifth on the CSE's transaction list with 862,857 shares of Tk 17.90 million changing hands. The bank's share price rose 2.97 per cent to close at Tk 20.80 each.

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