Ten companies account for 27pc turnover on DSE

Dhaka,  Tue,  26 September 2017
Published : 17 Aug 2017, 22:41:04
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Ten companies account for 27pc turnover on DSE

BBS Cables tops the chart for second day
FE Report


The top ten traded companies, including four banks, grabbed more than 27 per cent of transaction value on the Dhaka Stock Exchange (DSE) on Thursday, with BBS Cables making its way to the top of the turnover chart for the second consecutive session.

The total transaction on the country's premier bourse stood at Tk 8.32 billion, down 0.45 per cent from the previous day's turnover of Tk 8.36 billion.

The most active shares in terms of value included BBS Cables, IFAD Autos, IBN Sina, Salvo Chemicals, IFIC Bank, Uttara Bank, C&A Textiles, Jamuna Oil Compnay, Mercantile Bank and City Bank.

Of them, share prices of seven companies declined up to 4.38 per cent while the three others gained up to 8.60 per cent, compared to the previous session.

According to the statistics available with the DSE, about 3.34 million shares of BBS Cables were traded, generating a turnover of over Tk 436 million, or 5.24 per cent of the bourse's total turnover value.

Its share price hovered between Tk 126.90 and Tk 137, before settling at Tk 130.80, up 3.40 per cent from the previous session.

Within 12 trading sessions, the newly listed BBS Cable's share price skyrocketed 13 times. Its issue price was Tk 10.

However, the company has informed the Dhaka Stock Exchange (DSE) that there is no 'undisclosed' price sensitive information of the company for this unusual price hike.

BBS Cables, which made its shares trading debut on July 31, floated 20 million ordinary shares and raised Tk 200 million from the public using the fixed price method.

The company's paid-up capital is Tk 1.20 billion and authorised capital is Tk 3.0 billion, while the total number of securities is 120 million.

Its sponsor-directors own 33.33 per cent of stake in the company, institutional investors 29.60 per cent, foreign investors 0.36 per cent and the public 36.71 per cent as on July 31, 2017, according to the DSE data.

Located at Sreepur in Gazipur, BBS Cables is equipped with state-of-the-art technology to manufacture and test all types of quality cables, wires and conductors, according to the company's website.

IFAD Autos ranked the second on the top ten chart, with shares of Tk 237 million changing hands, contributing 3.28 per cent to the total turnover. The company's share price closed down 1.65 per cent at Tk 161.20.

IBN Sina emerged as the third, generating a turnover of Tk 243 million, or 2.92 per cent of the day's total transaction. The company's share price jumped 8.60 per cent to close at Tk 275.30.

Salvo Chemicals notched the fourth spot, with shares of Tk 226 million changing hands, making up 2.72 per cent of the total turnover. The company's share price settled down 0.76 per cent at Tk 26.20.

IFIC Bank featured a turnover of Tk 218 million, or 2.62 per cent of the day's total transaction. The bank's share price lost 3.43 per cent to close at Tk 19.70.

The turnover of Uttara Bank was Tk 204 million, capturing 2.45 per cent of the day's total value. The bank's share price closed at Tk 33.10, shedding 2.07 per cent from the previous day.

C&A Textiles featured a turnover of Tk 200 million, or 2.40 per cent of the day's total transaction. The company's share price fell 4.38 per cent, closing at Tk 13.10 each.

The turnover of Jamuna Oil was Tk 174 million, grabbing 2.09 per cent of the day's total turnover. The state-run company's share price closed at Tk 215.40, advancing 3.06 per cent.

Mercantile Bank generated a turnover of Tk 169 million, or 2.03 per cent of the day's total transaction. The bank's share price fell 0.80 per cent to close at Tk 24.90.

City Bank was also on the top ten turnover chart, with shares of Tk 158 million changing hands. The bank's share price closed at Tk 42 each, shedding 2.78 per cent over the previous session.

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