Ten most-traded firms account for 50pc of weekly DSE turnover

Genex Infosys leads transaction chart for fifth straight week

FE REPORT | Saturday, 11 February 2023

The ten most-traded firms accounted for 49.42 per cent of the transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with Genex Infosys dominating the turnover list for a fifth straight week.
Genex Infosys have been leading the market over the past few weeks as investors chased its shares, buoyed by its promising business outlook.
Genex Infosys forecasts its business will triple in the next five years on the back of three deals signed in recent times.
According to the DSE data, some 30.43 million Genex Infosys shares were traded during the week, generating a turnover of Tk 3.27 billion, which was 10.10 per cent of the week's total turnover.
The week's total turnover stood at Tk 32.44 billion, a 14 per cent increase over the previous week's turnover of Tk 28.30 billion.
The IT firm's stock price closed at Tk 106.20 on Thursday, losing 2.93 per cent over the week before.
The company's net profit rose 5 per cent year-on-year to Tk 302 million in the six months through December 2022.
In November last year, Genex Infosys signed a 10-year deal with the National Board of Revenue to boost its VAT collection countrywide. The agreement with the NBR is expected to generate revenue of Tk 2.12 billion per year upon the full-scale rollout.
In mid-September 2022, the IT firm partnered with the Standard Chartered Bangladesh which is expected to push up the annual revenue by Tk 60 million.
Genex Infosys renewed its contract with Banglalink on the management of clients' queries and complaints through its call centre, which will generate Tk 120 million in revenue per year for the next five years.
Bangladesh Shipping Corporation came second on the turnover chart, with shares worth Tk 2.88 billion changing hands during the week. The state-run corporation's share rose 6.60 per cent to close at Tk 142.20 on Thursday.
Shinepukur Ceramics clinched the third spot, with shares worth Tk 1.95 billion changing hands. The tableware manufacturer's share closed at Tk 52.20 on Thursday, rising 1.36 per cent over the previous week.
Orion Pharma emerged as fourth, with shares worth Tk 1.58 billion changing hands. The drug maker's share shed 0.66 per cent to close at Tk 90.30 on Thursday.
Olympic Industries notched the fifth spot, with shares worth Tk 1.41 billion changing hands. The country's leading biscuit maker's share price surged 6.67 per cent to close at Tk 153.50 on Thursday.
Turnover of Sea Pearl Beach Resorts was Tk 1.16 billion. The five star hotel's share price rose 8.12 per cent to close at Tk 293 on Thursday.
Eastern Housing featured a turnover of Tk 1.02 billion. Its share closed at Tk 103.40, losing 4.44 per cent, after soaring 14 per cent in the week before.
The turnover of Aamra Network was Tk 995 million. The IT firm's share price fell 7.75 per cent to close at Tk 64.30 on Thursday.
Gemini Sea Food featured a turnover of Tk 897 million. The company's share closed at Tk 499.50 on Thursday, soaring 12.47 per cent over the week before.

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