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National Tubes leads DSE turnover chart

Business expansion disclosure attracts investors


FE Report | March 05, 2018 00:00:00


Ten top-traded companies captured more than 26 per cent of transactions on the country's premier bourse Sunday.

National Tubes dominated the chart.

Market operators said the investors were active on National Tubes' shares throughout the trading session amid positive expectation in days ahead.

Recently, the board of directors of the state-run company has decided to establish galvanising plant to provide service of galvanising for different types of towers for mobile companies. Approximately Tk 70 million per year will be attainable through this expansion.

According to statistics available with the DSE, about 940,741 shares of the National Tubes were traded, generating a turnover of Tk 130 million, which was 3.58 per cent of the Dhaka bourse's total transactions.

The total turnover on the prime bourse stood at Tk 3.63 billion, which was 14 per cent lower than the previous session's turnover of Tk 4.22 billion.

The engineering sector company's share price traded between Tk 136.20 and Tk 139.60, before closing at Tk 139.10, gaining 2.58 per cent from that of the previous session.

In the last one year, the company's share price hovered between Tk 100.10 and Tk 147, the DSE data shows.

The company's earnings per share (EPS) in the October-December quarter (Q2) 2017 was Tk (0.50) as against minus Tk (1.44) for the same period a year ago.

In six months for July-December, 2017, the company's EPS was minus Tk 1.60 which was Tk (2.74) for the July-December period of 2016.

The company disbursed 10 per cent stock dividend for shareholders for the year ended on June 30, 2017.

Apart from National Tubes, the most other active shares in terms of value included IFAD Autos, Apex Foods, Alif Manufacturing Compnay, Phoenix Finance, Monno Ceramic Industries, Aamra Networks, Keya Cosmetics, LankaBangla Finance and Alif Industries.

IFAD Autos followed next with shares worth more than Tk 120 million changing hands. The engineering sector company's share price closed at Tk 121.20, losing 0.16 per cent over the previous session.

Apex Foods was the third with shares worth Tk 109 million changing hands. The company's share price jumped 7.56 per cent to close at Tk 220.30. It was also the day's top gainer.

Alif Manufacturing Company clinched the fourth spot, with shares worth Tk 102 million changing hands. The company's share price fell 3.73 per cent to close at Tk 12.90.

Phoenix Finance emerged fifth with shares worth Tk 98 million changing hands. The company's share price closed at Tk 38.70, advancing by 0.78 per cent over the previous session.

Monno Ceramic saw its shares worth Tk 88 million change hands. The company's share price fell 0.82 per cent to close at Tk 144.40.

The turnover of Aamra Networks was Tk 85 million. Each share of the bank's closed at Tk 94, advancing 1.51 per cent over the previous day.

Keya Cosmetics featured a turnover of Tk 74 million. The company's share price fell 1.98 per cent to come down below the face value to Tk 9.90.

The turnover of LankaBangla Finance was Tk 73.74 million. The company's share price gained 0.56 per cent to close at Tk 36.10.

Alif Industries also found its way to the top ten turnover chart, with shares worth Tk 68 million changing hands. The company's share price advanced 2.10 per cent to close at Tk 102.40.

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