LankaBangla tops DSE turnover chart

Dhaka,  Fri,  23 June 2017
Published : 15 Mar 2017, 21:12:28
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LankaBangla tops DSE turnover chart

Beximco Pharma most-traded issue on CSE
FE Report


LankaBangla Finance Wednesday dominated the premier bourse's transaction chart while Beximco Pharmaceuticals was the most-traded issue on the port city's bourse.

LankBangla Finance, Beximco, National Bank, Ratanpur Steel Re-rolling Mills and Mercantile 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 5.15 million shares of LankaBangla were traded, generating a turnover of nearly Tk 296 million on the day. It was 3.04 per cent of the day's total turnover value.

The non-bank financial institution's share price hovered between Tk 55.50 and Tk 58.80, before closing at Tk 58.50 on the day, advancing 4.46 per cent over previous day.

After record date, the company topped turnover chart on the day. LankaBangla has recommended 15 per cent cash and 15 per cent stock dividend for the year ended on December 31, 2016.

LankaBangla has also reported consolidated earnings per share (EPS) of Tk 2.87 for the year ended on December 31, 2016 as against Tk 1.53 (restated) for the same period of the previous year.

LankaBangla Finance, which was listed on the Dhaka bourse in 2006, also paid 15 per cent cash and 15 per cent stocks dividend for the year ended on December 31, 2015.

The company's paid-up capital is Tk 2,767 million and authorised capital is Tk 3,000 million, while the total number of securities is 276,739,949. The total market cap stood at Tk 15.49 billion as on Wednesday.

The sponsor-directors own 34.83 per cent stake in LankaBangla, while institutional investors own 28.69 per cent, foreign investors 4.94 per cent and the general public 31.54 per cent as on February 28, 2017, the DSE data shows.

LankaBangla was, closely followed Beximco with about 8.11 million shares of Tk 290 million changing hands. The company's share price closed at Tk 35.60 each, losing 0.28 per cent over the previous day.

National Bank emerged as the third, with about 18.45 million shares of Tk 274 million changing hands. The bank's share price rose 2.75 per cent to close at Tk 14.90 each.

Ratanpur Steel was the fourth, with some 2.75 million shares of Tk 244 million changing hands. The company's share price closed at Tk 88.20, advancing 0.57 per cent.

Mercantile Bank was the fifth on the DSE's turnover list, with 12.10 million shares of Tk 240 million changing hands. Each share of the bank closed at Tk 19.70, losing 1.50 per cent.

Besides, the five most-traded shares in terms of value on the Chittagong Stock Exchange (CSE) were Beximco Pharma, National Bank, Beximco, LankaBangla Finance and Exim Bank.

According to data available with the CSE, some 355,950 shares of Beximco Pharma were traded, generating a turnover of Tk 35.95 million. The company's share price closed at Tk 101.70 each, advancing 3.03 per cent.

National Bank notched the second spot, with 1.98 shares worth Tk 29.43 million changing hands. The bank's share price closed at Tk 14.90 each, gaining 3.45 per cent.

Beximco was the third, with 667,094 shares of Tk 23.89 million changing hands. The company's share price closed at Tk 35.70, remaining unchanged over the previous day.

LankaBangla was the fourth, with 348,587 shares worth Tk 19.98 million changing hands. The company's share price closed at Tk 58.70 each, advancing 4.09 per cent.

Exim Bank was the fifth on the CSE's transaction list with 1.24 million shares of Tk 18.02 million changing hands. The company's share price advanced 1.40 per cent to close at Tk 14.50 each.

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