Top 10 cos grab 27pc turnover of DSE

Dhaka,  Wed,  20 September 2017
Published : 20 Aug 2017, 21:04:55
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Top 10 cos grab 27pc turnover of DSE

BBS Cables leads the chart for third straight day
FE Report


Top ten traded companies captured more than 27 per cent transaction of the premier bourse Sunday while BBS Cables led the turnover chart for the three consecutive sessions.

The total transaction on the DSE stood at nearly Tk 7.69 billion on the day, which was 7.57 per cent lower than the previous day's turnover of Tk 8.32 billion.

BBS Cables, IFAD Autos, Active Fine Chemicals, ACME Laboratories, ACI, City Bank, C&A Textiles, Ratanpur Steels, IFIC Bank and LankaBangla Finance were the most-active shares in terms of value on the DSE.

Of them, share price of four companies declined up to 3.05 per cent while six rose up to 6.28 per cent on the day over the previous session.

According to the statistics available with the DSE, about 4.42 million shares of BBS Cables were traded, generating a turnover of more than Tk 591 million, which was 7.68 per cent of the premier bourse's total turnover value.

The company's share price hovered between Tk 127 and Tk 137.70, before closing at Tk 136.10 on the day, advancing 4.05 per cent over the previous session.

Within 13 trading sessions, the newly listed BBS Cable's share price jumped 'abnormally' by 13.6 times or Tk 126.10 each, from its issue price of Tk 10.

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.

Sponsor-directors own 33.33 per cent stake in the company, while institutional investors own 29.60 per cent, foreign investors 0.36 per cent and the general public 36.71 per cent as on July 31, 2017, the DSE data shows.

IFAD Autos followed next, with shares of Tk 245 million changing hands, capturing 3.18 per cent of the day's total turnover. The company's share price closed at Tk 156.80, losing 2.73 per cent over the previous session.

Active Fine emerged as third with shares of Tk 234 million changing hands. It was 3.04 per cent of the total turnover value. The company's share price rose 3.75 per cent to close at Tk 49.80 each.

ACME Laboratories was the fourth with shares of Tk 194 million changing hands, which was 2.52 per cent of the total turnover. The counter's oldest pharma company's share price closed at Tk 120.80, advancing 1.68 per cent.

ACI notched the fifth spot, with shares of Tk 178 million changing hands, which was 2.31 per cent of the total turnover. The company's share price closed at Tk 526.80, advancing 2.85 per cent.

City Bank featured a turnover of Tk 143 million which was 1.86 per cent of the day's total transaction. The bank's share price fell 2.62 per cent to close at Tk 40.90 each.

The turnover of C&A Textiles was Tk 140 million, capturing 1.82 per cent of the day's total value. The company's share price closed at Tk 12.70, losing 3.05 per cent over the previous day.

Ratanpur Steels featured a turnover of Tk 135 million, which was 1.76 per cent of the day's total transaction. The steel maker's share price fell soared 6.28 per cent to close at Tk 81.20 each.

The turnover of IFIC Bank was Tk 114 million, grabbing 1.48 per cent of the day's total turnover. The bank's share price closed at Tk 19.20, shedding 2.58 per cent.

LabkaBangla was also included in the top ten turnover chart with shares of Tk 108 million changing hands. The company's share price closed at Tk 55 each, advancing 0.73 per cent over the previous session.

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