Shahjalal Islami Bank topped the Dhaka bourse transaction chart Wednesday while top 10 traded companies captured more than 27 per cent transaction.
Brokers said the Shahjalal Bank emerged as turnover leader as some directors of the bank purchased its shares in bulk which also led the bank's share price to be more than doubled in six months.
Fakir Knitwears (where Mr. Fakir Akhtaruzzaman is the MD of Fakir Knitwears and also a director of Shahjalal Islami Bank), recently expressed its intention to buy more than 1.35 million shares of the bank at prevailing market price in the public/block market) through stock exchanges.
According to statistics available with the DSE, about 8.84 million shares of Shahjalal Bank were traded, generating a turnover of Tk 282 million, which was 4.15 per cent of the premier bourse's total transaction.
The bank's share price hovered between Tk 31.20 and Tk 33.90, before closing at Tk 32.50 each, shedding 1.21 per cent over the previous session.
Shahjalal Bank, which was listed on the Dhaka bourse in 2007, disbursed 10 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2016.
The bank has also reported un-audited consolidated earnings per share (EPS) of Tk 0.43 for July-September, 2017 as against Tk 0.40 for July-September, 2016.
In nine months for January-September, 2017, consolidated EPS was Tk 1.41 as against Tk 1.17 for January-September, 2016.
The bank's paid-up capital is Tk 7.71 billion and authorised capital is Tk 10 billion, while the total number of securities is 771.42 million.
Sponsor-directors own 41 per cent stake in the bank while institutional investors own 27.10 per cent, foreign 0.32 per cent and the general public 31.58 per cent as on October 31, 2017, the DSE data shows.
Meanwhile, the top ten traded companies, including three banks, accounted for more than 27 per cent of the day's total turnover transaction on the DSE.
The state-run National Tubes followed next, with shares of Tk 268 million changing hands. The company's share price closed at Tk 129.10, losing 1.15 per cent over the previous day.
Standard Bank notched the third spot, with shares of Tk 192 million changing hands. The bank's share price closed at Tk 16.80, remaining unchanged over the previous day.
Fu-Wang Food emerged as fourth with shares of Tk 171 million changing hands. The company's share price fell 0.42 per cent to close at Tk 23.90 each.
The turnover of Confidence Cement was Tk 168 million. The Chittagong-based cement maker's share price soared 7.46 per cent to close at Tk 167 each.
Brokers said the Confidence Cement's price soared follwing the news that the new unit of the company will go into commercial production at the end of next month, doubling the company's total production capacity to 4,500 metric tonnes a day.
AB Bank was also included in the top ten turnover chart with shares of Tk 160 million changing hands, closely followed by Golden Harvest Agro Industries with Tk 155 million, followed by BD Thai Aluminium Tk 154 million, United Power Generation & Distribution Company Tk 150 million, and LankaBangla Finance Tk 145 million.
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