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Top ten cos grab 32pc turnover of DSE

FE Report | February 11, 2019 00:00:00


The United Power Generation dominated the Dhaka bourse's turnover chart on Sunday while ten most traded companies captured more than 32 per cent of transactions.

Market analysts said the investors continued to show their buying appetite for United Power Generation & Distribution Company's shares as it posted modest earnings growth for July-December period.

The company's earnings per share (EPS) (separate) rose 15.18 per cent to Tk 5.31 for July-December 2018. The EPS (separate) was Tk 4.61 for July-December 2017.

The company reported its consolidated EPS of Tk 7.69 for July-December 2018.

The financial performance of the United Power for July-December and October-December 2018 were disclosed on the website on February 03.

According to statistics from the Dhaka Stock Exchange (DSE), about 1.62 million shares of United Power were traded, generating a turnover of nearly Tk 666 million, which was 8.19 per cent of the DSE's total turnover.

The total turnover on the DSE stood at Tk 8.12 billion on Sunday, which was Tk 7.72 billion in the previous session.

The power generation company's share price closed at Tk 410.40 on Sunday, advancing 0.46 per cent over the previous day.

In the last one month, its share price went up by 26 per cent or Tk 84.80 each. Its share closed at Tk 325.60 on January 13.

In the last one year, the company's share traded between Tk 151.60 and Tk 415.90 each.

The United Power, which was listed on the DSE in 2015, disbursed 90 per cent cash and 20 per cent stock dividend for the year ended on June 30, 2018.

The company's paid-up capital is Tk 4.70 billion, authorised capital is Tk 8.0 billion and the total number of securities is 479.08 million.

The sponsor-directors own 90 per cent stake in the company, while institutional investors own 5.86 per cent, foreign investors 0.11 per cent and the general public 4.03 per cent as of January 31, 2109.

Monno Ceramic came in next, with shares worth Tk 397 million changing hands. Its share closed at Tk 328.20 each, advancing 3.89 per cent over the previous session.

Fortune Shoes clinched the third spot, with shares worth Tk 276 million changing hands. The company's share soared 9.18 per cent to close at Tk 34.50 each.

Bangladesh Submarine Cable emerged the fourth, with shares worth Tk 246 million changing hands. Its share closed at Tk 146.10, losing 5.19 each.

Legacy Footwear notched the fifth spot, with shares worth Tk 210 million changing hands. The company's share price advanced 2.58 per cent to close at Tk 222.70.

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