LankaBangla dominates DSE trading

Dhaka,  Mon,  21 August 2017
Published : 14 Apr 2017, 15:25:53
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LankaBangla dominates DSE trading

FE Online Report
LankaBangla Finance dominated the transaction chart of Dhaka Stock Exchange (DSE) last week that ended on Thursday as investors were active on its shares throughout the week.

According to the statistics available with the DSE, about 26.60 million shares of LankaBangla were traded, generating a turnover of Tk 1.68 billion during the week. It was 4.69 per cent of the week’s total turnover value.

The non-bank financial institution’s daily average turnover stood at Tk 336 million on the premier bourse last week.

The company’s share price closed at Tk 62.40 each on Thursday, the last trading session of the week, losing 2.95 per cent over the over previous week.

Shareholders of the company recently approved 15 per cent cash and 15 per cent stock dividend for the year ended on December 31, 2016 at its 20th annual general meeting (AGM).

The company also reported consolidated earnings per share (EPS) of Tk 2.87, consolidated net asset value (NAV) per share of Tk 24.16 for the year ended on December 31, 2016 as against Tk 1.53 (restated) and Tk 22.63 (restated) for the same period of the previous year.

LankaBangla Finance, which was listed on the Dhaka bourse in 2006, also disbursed 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 3.18 billion and authorised capital is Tk 10 billion, while the total number of securities is 318.25 million. The company's total market cap stood at Tk 19.89 billion as on Thursday.

Sponsor-directors own 34.63 per cent stake in LankaBangla, while institutional investors own 26.69 per cent, foreign investors 5.08 per cent and the general public 33.60 per cent as on March 31, 2017, the DSE data shows.

LankaBangla was, closely followed IDLC Finance with about 14.66 million shares of Tk 1.12 billion changing hands. The company’s share price closed at Tk 75 each, falling 3.23 per cent.

Ratanpur Steel Re-rolling Mills emerged as the third, with about 11.16 million shares of Tk 1.04 billion changing hands. The steel maker’s share price closed at Tk 92.70, remaining unchanged over the previous week.

City Bank notched the fourth spot, with 23.98 million shares worth Tk 981 million changing hands. The bank’s share price fell 8.53 per cent to close at Tk 38.60 each.

Brac Bank was the fifth on the DSE’s turnover list, with 12 million shares of Tk 977 million changing hands. The bank’s share price closed at Tk 75, plunging by 18.73 per cent over the previous week. It was also the week’s top loser following its price adjustment after record date last week.

Beximco was the sixth with 26.41 million shares worth Tk 943 million changing hands. The company’s share price closed at Tk 35.30 each, losing 3.29 per cent.

Beximco Pharma was the seventh with 7.66 million shares of Tk 878 million changing hands. The company’s share price fell 4.14 per cent to close at Tk 113.60 each.

Evince Textile was the eighth with 35.78 million shares of Tk 841 million changing hands. The textile company’s share price closed at Tk 24.80 each, advancing 10.71 per cent.

Regent Textile was the ninth with about 34.10 million shares of Tk 834 million changing hands. The company’s share price soared 33.73 per cent to close at Tk 34.10 each.

Saif Powertec was also included in the top ten turnover chart with 18.93 million shares of Tk 798 million changing hands. The company’s share price closed at Tk 40.90 each, losing 6.41 per cent over the previous week.

-bb/rmc//
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