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IFAD tops DSE turnover chart for third day

January 02, 2017 00:00:00


FE Report

IFAD Autos dominated the premier bourse's turnover chart for the three consecutive sessions Sunday while Ratanpur Steel Re-rolling Mills emerged as turnover leader on the port city's bourse.

Five most active shares in terms of value on the Dhaka Stock Exchange (DSE) were IFAD Autos, National Bank, Ratanpur Steel Re-rolling Mills, Bangladesh Building Systems, and Singer Bangladesh.

According to the statistics available with the DSE, about 2.92 million shares of IFAD were traded, generating a turnover of nearly Tk 306 million, which was 3.08 per cent of the premier bourse's total turnover value.

Each share price of the automobile dealer hovered between Tk101.70 and 107.70, before closing at Tk 105.70 on the day, advancing 5.49 per cent over the previous session.

Recently, the company has disclosed Q1 financial report. As per Q1 financial report, the company's earnings per share (EPS) stood Tk 1.03 for July-September, 2016 as against Tk 1.30 for July-September, 2015.

The board of directors approved 13 per cent cash dividend to shareholders excluding the sponsors/directors and 4.0 per cent stock dividend for all shareholders for the year ended on June 30, 2016 at the annual general meeting (AGM) held on December 20.

The company's paid-up capital is Tk 20,000 million and authorised capital is Tk 1,554.80 million while total number of securities is 155,480,000. The total market cap stood at Tk 15,579.09 million as on Sunday.

The sponsor-directors own 62.77 per cent stake in IFAD, while institutional investors own 19.32 per cent and the general public 17.91 per cent as on November 30, 2016, the DSE data shows.

IFAD Autos was, closely followed by National Bank with about 26.94 million shares worth Tk 294 million changing hands. The bank's share price closed at Tk 11.10 each, jumping 8.82 per cent over the previous day.

Ratanpur Steel was the third with some 3.24 million shares of Tk 253 million changing hands. The engineering sector company's share price soared 9.81 per cent to close at Tk 80.60 each.

Bangladesh Building Systems emerged as fourth with 4.22 million shares of Tk 221 million changing hands. The company's share price closed at Tk 52 each, gaining 0.38 per cent over the previous day.

Singer Bangladesh was the fifth on the DSE's turnover list with about 1.06 million shares of Tk 207 million changing hands. The company's share price advanced 2.65 per cent to close at Tk 197.60 each.

Besides, the five most-traded shares in terms of value on the Chittagong Stock Exchange (CSE) were Ratanpur Steel Re-rolling Mills, National Bank, Bangladesh Steel Re-rolling Mills, Keya Cosmetics and First Security Islami Bank.

According to available data from the CSE, about 956,082 shares of Ratanur Steel were traded, generating a turnover of Tk 74.54 million. Each share of the company closed at Tk 80.20, jumping 10 per cent over the previous session.

National Bank was the second on the CSE turnover list with 2.70 shares worth Tk 29.50 million changing hands. The bank's share price advanced 8.82 per cent to close at Tk 11.10 each.

BSRM was the third with 143,768 shares of Tk 18.61 million changing hands. The Chittagong-based company's share price closed at Tk 129.60 each, advancing 2.61 per cent.

Keya Cosmetics was the fourth with about 1.21 million shares worth Tk 16.05 million changing hands. The company's share fell 1.50 per cent to close at Tk 13.10 each.

First Security Islami Bank was the fifth on the CSE's transaction list with 1.05 million shares of Tk 14.51 million changing hands. The bank's share price shed 0.72 per cent to close at Tk 13.80 each.

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