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Runner Automobiles tops weekly turnover chart

Ten companies grab 21pc turnover on DSE


FE Report | July 07, 2019 00:00:00


Ten most-traded firms accounted for 21 per cent transaction of the Dhaka Stock Exchange (DSE) last week that ended on Thursday while Runner Automobiles topped the list.

Market analysts said investors were active on the Runner shares during the week amid positive expectations ahead of its June year-end closing.

According to statistics available with the DSE, about 5.22 million shares of Runner were traded, generating a turnover of Tk 548 million, which was 2.82 per cent of the week's total turnover.

The total turnover on the DSE stood at Tk 19.47 billion last week against Tk 21.18 billion in the previous week as last week saw four trading sessions instead of previous week's five.

The company's share closed at Tk 106.40 on Thursday, the last session of the week, soaring 10.49 per cent over the previous week.

Runner Automobiles, a flagship company of Runner Group, made its share trading debut on May 21, this year.

The company raised a fund worth Tk 1.0 billion by floating 13.93 million shares from the capital market under the book-building method.

The cut-off price of the shares of motorcycle maker fixed at Tk 75 each as discovered by eligible investors (EIs) through bidding under the book-building method.

The fund will be utilised for the purpose of research and development works, purchasing machinery, repaying bank loans and bearing the IPO expenses.

The company's profit after tax stood at Tk 337.51 million and basic earnings per share (EPS) of Tk 3.58 for the for nine months (July 2018- March 2019) against profit after tax of Tk 349.82 million and basic EPS of Tk 3.71 for the same period of the previous year.

However, Post-IPO EPS stood at Tk 3.12 for nine months (July 2018- March 2019) period ended on 31 March 2019.

The company's paid-up capital is Tk 1.08 billion, authorised capital is Tk 2.0 billion and the total number of securities is 108.13 million.

The sponsor-directors own 50.04 per cent stakes in the company, while institutions 26.76 per cent, foreign investors 0.04 per cent and the general public 23.16 per cent as of May 31, 2019, the DSE data shows.

United Power followed next, with shares worth Tk 523 million changing hands. The power generation company's share closed at Tk 375.60 on Thursday, shedding 1.96 per cent over the previous week.

National Polymer clinched the third spot, with shares worth Tk 451 million changing hands. The company's share price rose 4.76 per cent to close at Tk 112.30 each on Thursday.

Bangladesh Submarine Cable Company emerged fourth with shares worth Tk 440 million changing hands during the week. The state-run company's share closed at Tk 126.20 each, losing 9.73 per cent.

National Life Insurance notched the fifth spot, with shares worth Tk 427 million changing hands. The company's share price soared 20.07 per cent to close at Tk 263.80 each.

The turnover of Singer Bangladesh was Tk 414 million. Its share closed at Tk 200.40 each on Thursday, advancing 4.32 per cent over the week before.

Square Pharmaceuticals featured a turnover of Tk 371 million. The company's share price fell 1.37 per cent week-on-week to close at Tk 259.90 on Thursday.

The turnover of JMI Syringes was Tk 347 million. The company's share closed at Tk 473.30 each, advancing 2.73 per cent over the previous week.

Genex Infosys featured a turnover of Tk 313 million. The company's share price rose 2.88 per cent to close at Tk 57.10 each.

Bashundhara Paper Mills also made its way to the top 10 turnover chart, with shares of Tk 310 million changing hands. The company's share price rose 5.63 per cent to close at Tk 75.10 each on Thursday.

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