Top 10 cos grab 28.40pc of transaction

Dhaka,  Fri,  22 September 2017
Published : 08 Aug 2017, 22:04:20
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Top 10 cos grab 28.40pc of transaction

FE Report


Newly-listed BBS Cables continued upward movement securing position in the charts of top turnover leaders and gainers.

On Tuesday, the premier bourse Dhaka Stock Exchange (DSE) featured a turnover of above Tk 9.44 billion of which 28.40 per cent came from turnover featured by top 10 turnover leaders.

Of top turnover leaders, BBS Cables featured second highest turnover of Tk 372.90 million and captured 3.90 per cent of the market turnover.

The company made its debut trading on July 31 and on that day the shares of 10 each were traded at Tk 90.30, a 803 per cent up than offered price.

Later, the company's share price rose 28.86 per cent in only five trading sessions during August 1 to August 8. On Tuesday, the company's share trading closed at Tk 105.80 with a rise of 4.0 per cent compared to previous session.

As per the regulatory approval, BBS Cables floated 20 million ordinary shares and raised Tk 200 million from the public under the fixed price method.

The company's post-IPO basic earnings per share (EPS) stood at Tk 1.95 for nine months period ended on 31 March, 2017 (July, 2016- March, 2017) and net asset value (NAV) per share was Tk 17.67 as on 31 March, 2017.

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