LankaBangla tops turnover chart for 5th day

Dhaka,  Sat,  23 September 2017
Published : 16 Apr 2017, 21:30:24
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LankaBangla tops turnover chart for 5th day

Generation Next most-traded issue of CSE
LankaBangla tops turnover chart for 5th day
FE Report


LankaBangla Finance continued to dominate the premier bourse's transaction chart for the five consecutive sessions Sunday while Generation Next Fashion was the most-traded issue on the port city's bourse.

LankaBangla Finance, City Bank, Evince Textile, Paramount Textile 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 7.81 million shares of LankaBangla were traded, generating a turnover of nearly Tk 467 million on Sunday. It was 6.45 per cent of the day's total turnover value.

The non-bank financial institution's share price hovered between Tk 57.60 and Tk 62.40, before closing at Tk 58.20 on the day, losing 6.73 per cent over the over previous session. It was also the day's fourth highest loser on the DSE.

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 19.86 billion as on Sunday.

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, followed City Bank with about 8.20 million shares of Tk 308 million changing hands. The bank's share price closed at Tk 37.60 each, losing 2.59 per cent over the previous session.

Evince Textile emerged as the third, with about 9.64 million shares worth Tk 243 million changing hands. The company's share price advanced 0.40 per cent to close at Tk 24.90.

Paramount Textile notched the fourth spot, with some 6.31 million shares of Tk 188 million changing hands. The textile company's share price closed at Tk 29.50, gaining 0.34 per cent.

Beximco was the fifth on the DSE's turnover list, with 5.05 million shares of Tk 176 million changing hands. The company's share price fell 1.70 per cent to close at Tk 34.70.

Besides, the five most-traded shares in terms of value on the Chittagong Stock Exchange (CSE) were Generation Next Fashions, Hamid Fabrics, Beximco, City Bank and Evince Textile.

According to data available with the CSE, some 3.73 million shares of Generation Next were traded, generating a turnover of Tk above Tk 40 million. The company's share price closed at Tk 10.70 each, remaining unchanged over the previous session.

Hamid Fabrics notched the second spot, with 679,295 shares worth Tk 19 million changing hands. The company's share price advanced 2.21 per cent to close at Tk 27.80 each.

Beximco was the third with 495,614 shares of Tk 17.35 million changing hands. The company's share price fell 1.42 per cent to close at Tk 34.80 each.

City Bank was the fourth, with 457,166 shares worth Tk 17.11 million changing hands. The bank's share price closed at Tk 37.30 each, losing 3.13 per cent.

Evince Textile was the fifth on the CSE's transaction list with 677,154 shares of Tk 17.10 million changing hands. The company's share price closed at Tk 24.90, remaining unchanged over the previous session.

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