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Monno Ceramics tops DSE turnover chart

FE Report | March 19, 2018 00:00:00


Monno Ceramic Industries Sunday topped the scrip-wise turnover chart of the premier bourse with a value of Tk 95 million following investors' increased participation.

The company's share price, however, declined marginally as many investors offloaded the shares.

The market insiders said that following a continuous price hike, the shareholders normally opt for bagging unrealised profit by selling shares.

"The company had already credited bonus share for the year ended on June 30, 2017 to the respective shareholders' BO accounts. That's why the company's turnover rose following investors' increased participation," said an official of a leading brokerage firm.

On Sunday, the share trading of Monno Ceramic closed at Tk 136.40 with a rise of 1.02 per cent or Tk 1.4 each.

On the day, a total of 686,813 shares changed hands through 2,720 trades executed on the Dhaka Stock Exchange (DSE).

The company's market price jumped to Tk 151.6 each on March 8 from Tk 88.7 observed on January 2 this year.

The company was placed in 'A' category from existing 'B' category with effect from February 05, 2018 as the company disbursed 5 per cent cash dividend and 5 per cent stock dividend for the year ended on June 30, 2017.

On Sunday, top 10 turnover leaders, including Monno Ceramic Industries, grabbed 26.4 per cent of the turnover featured by the premier bourse.

Mercantile Bank featured a turnover of above Tk 84.3 million and grabbed 3.1 per cent of the DSE's turnover.

Wata Chemicals captured 2.9 per cent of the market turnover after featuring a turnover of Tk 80.2 million.

The turnover of IFAD Autos was Tk 73.8 million which was 2.7 per cent of the turnover featured by the DSE.

Of other companies, Queen South Textile Mills featured a turnover of Tk 72.4 million, followed by Fine Foods Tk 69.2 million, Square Pharmaceuticals Tk 65.9 million, Fu-Wang Food Tk 65 million, Salvo Chemicals Tk 60.4 million and ACI Tk 57.4 million.

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