Top 10 cos account for 34pc transactions at DSE

Dhaka,  Mon,  21 August 2017
Published : 13 Jul 2017, 22:26:05
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Top 10 cos account for 34pc transactions at DSE

High EPS pushes GP to top of turnover chart
FE Report


GrameenPhone (GP) topped the transaction chart of the Dhaka Stock Exchange (DSE) on Thursday, riding a wave of investor confidence stemming from its robust Q2 earnings and interim dividend declarations.

The board of directors of the lone listed mobile phone operator has recommended 105 per cent interim cash dividend for the half year that ended on June 30, 2017.

The company with the largest market-cap also announced on Thursday the second quarter (Q2) earnings per share of Tk 5.87 for April-June 2017 as against Tk 3.77 for the same period a year ago, demonstrating a robust growth of 55.70 per cent year on year (YoY) in Q2.

In the six months from January to June 2017, the company's EPS was Tk 10.72 as against Tk 7.92 for the same period of the previous year.

On Thursday, the multinational company's share price hovered in Tk 350-Tk 367 range, before closing at Tk 365.10, soaring nearly 5.0 per cent over the previous session.

Meanwhile, the total transaction on the premier bourse stood at Tk 10.09 billion on the day, which was 10 per cent higher than the previous day's value of Tk 9.14 billion.

Apart from GP, the most active shares in terms of value included Keya Cosmetics, IFAD Autos, United Power, Generation Next Fashions, Doreen Power, Daffodil Computers, Agni Systems, Fu-Wang Food and Beximco. They together contributed more than 34 per cent to the total transaction.

Of them, share prices of eight companies advanced up to 9.73 per cent while Keya Cosmetics remained unchanged and Doreen Power saw a mild correction.

According to the statistics available with the DSE, about 1.82 million shares of GP were traded, generating a turnover of Tk 656 million, making up 6.50 per cent of the premier bourse's total turnover.

Listed in 2009, GP disbursed a total of 175 per cent cash dividend (85 per cent interim and 90 per cent final) for the year that ended on December 31, 2016.

In 2015, the company gave a total of 140 per cent (80 per cent interim and 60 per cent final) cash dividend.

The sponsor-directors hold 90 per cent stake in the GP, while institutional investors own 4.82 per cent, foreign investors 3.14 per cent and the general public 2.04 per cent as on June 30, 2017, the DSE data shows.

The company's paid-up capital is Tk 13.50 billion and authorised capital is Tk 40 billion while the total number of securities is 1.35 billion.    

Keya Cosmetics grabbed the second spot of the transaction chart, with shares worth Tk 607 million changing hands, contributing 6.01 per cent to the day's total turnover. The company's share closed at Tk 18.20, remaining unchanged over the previous session.

IFAD Autos emerged as the third, with shares of Tk 409 million changing hands. It was 4.05 per cent of the total turnover value. The company's share price advanced 2.74 per cent to close at Tk 138.90 each.

The United Power notched the fourth spot, with shares of Tk 334 million changing hands, which was 3.31 per cent of the total turnover. The company's share price closed at Tk 190, gaining 3.32 per cent.

Generation Next Fashions featured a turnover of Tk 226 million or 2.7 per cent of the day's total transaction. The company's share price rose 1.74 per cent to close at Tk 11.70.

The turnover of Doreen Power was Tk 275 million, capturing 2.72 per cent of the day's total value. The company's share price closed at Tk 148.10, losing 1.06 per cent over the previous session.

Daffodil Computers featured a turnover of Tk 221 million or 2.19 per cent of the day's total value. The company's share price soared 7.98 per cent to close at Tk 48.70.

The turnover of Agni Systems was Tk 218 million, making up 2.15 per cent of the day's total turnover. The company's share price closed at Tk 29.40, gaining 2.80 per cent.

Fu-Wang Food featured a turnover of Tk 212 million, which was 2.10 per cent of the day's total. The company's share price jumped 9.73 per cent to close at Tk 24.80. It was also the day's highest gainer.

Beximco also made its way into the top ten turnover chart, with shares of Tk 211 million changing hands. The company's share price closed at Tk 34.90, inching up 0.28 per cent over the previous session.

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