IFIC Bank dominated the premier bourse's transaction chart while Bangladesh Export Import Company (Beximco) Limited was the most-traded issue on the port city bourse Thursday.
IFIC Bank, LankaBangla Finance, Quasem Drycells, Ratanpur Steel Re-rolling Mills and Beximco were the most-active shares in terms of value on the Dhaka Stock Exchange (DSE).
According to the statistics available with the DSE, about 13.50 million shares of IFIC Bank were traded, generating a turnover value of nearly Tk 377 million on the day. It was 3.92 per cent of the premier bourse's total turnover value.
The bank's share price hovered between Tk 27 and Tk 28.90, before closing at Tk 27.80 on the day, advancing 3.73 per cent compared to the previous day.
Market insiders said the investors took position on IFIC Bank's shares following the approval news of its issuance of rights share.
Bangladesh Securities and Exchange Commission (BSEC) on Wednesday approved the bank's application to raise nearly Tk 5.64 billion through rights issue. The bank will issue one rights share for one existing share at Tk 10 each.
In nine months from January-September 2016, consolidated earnings per share (EPS) of the bank stood at Tk 2.10 as against Tk 1.72 for January-September, 2015.
IFIC Bank, which was listed with 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 15.11 billion as on Thursday.
The sponsor-directors own 8.48 per cent stake in IFIC Bank, while the government owns 32.75 per cent, institutional investors 23.21 per cent, foreign investors 1.08 per cent and the general public 34.48 per cent as on February 28, 2017, according to the DSE data.
IFIC Bank was closely followed by LankaBangla with 6.0 million shares worth Tk 356 million changing hands. The company's share price closed at Tk 59.90 each, advancing 2.39 per cent over the previous day.
Quasem Drycells was the third, with some 2.16 million shares of Tk 229 million changing hands. The company's share price advanced 2.82 per cent to close at Tk 105.90 each.
Ratanpur Steel emerged as fourth on the list of turnover toppers with about 2.50 million shares of Tk 221 million changing hands. The company's share closed at Tk 88.10 each, losing 0.11 per cent.
Beximco was fifth on the DSE's turnover list with some 5.96 million shares of Tk 212 million changing hands. Each share of the company ended up at Tk 35.50, losing 0.28 per cent compared to the previous day.
Besides, the five most-traded shares in terms of value on the Chittagong Stock Exchange (CSE) were Beximco, IFIC Bank, National Feed Mills, National Bank and Islami Bank.
According to the data available with the CSE, some 646,040 shares of Beximco were traded, generating a turnover of Tk 23 million. The company's share price closed at Tk 35.60, remaining unchanged over the previous day.
IFIC Bank notched the second spot with 787,045 shares worth Tk 22 million changing hands. The bank's share price rose 4.10 per cent to close at Tk 27.90 each.
National Feed Mills was third with 798,940 shares worth Tk 19 million changing hands. The company's share price closed at Tk 24 each, advancing 3.43 per cent.
National Bank was the fourth with 1.02 million shares of Tk 15 million changing hands. The bank's share price fell 1.34 per cent to close at Tk 14.70 each.
Islami Bank was the fifth on the CSE's transaction list with 285,642 shares of more than Tk 12 million changing hands. The bank's share price closed at Tk 43.20 - thereby staying unchanged compared to the previous day.