FE Report
Rupali Bank topped the weekly losers' chart as its price suffered 16.97 per cent loss.
At the end of the week on Thursday last, the company's share trading closed at Tk 36.70 each, after declining in five consecutive sessions.
The company's share price declined 1.08 per cent or Tk 0.4 to close at Tk 36.70 on Thursday.
The company featured a daily average turnover of above Tk 9.09 million on Dhaka Stock Exchange (DSE) during the week.
Except the marginal rises observed in three sessions, the company also displayed a massive falling trend during a period from May 03 to May 24.
The company's share trading closed at Tk 55.10 each on May 03.
During the period, the company's share price declined 33.39 per cent or Tk 18.40 per share as on Thursday.
The company's earnings per share (EPS) also declined for January-March, 2018 quarter compared to same period of the previous year.
The company reported its consolidated EPS of Tk. 0.27 for January-March 2018 quarter as against Tk. 0.38 for January-March 2017.
The consolidated net operating cash flow share (NOCFPS) was Tk (39.82), a negative value, for January-March 2018 as against Tk 28 for January-March 2017.
The consolidated net asset value (NAV) per share was Tk. 44.40 as on March 31, 2018 and Tk. 44.07 as on December 31, 2017.
The company's board of directors has recommended 24 per cent stock dividend for the year ended on December 31, 2018.
Recently, the securities regulator has approved a proposal for issuing subordinated bond worth Tk. 6.0 billion to be issued by Rupali Bank.
Of the other top weekly losers, the market price of Asia Pacific General Insurance Company declined 11.65 per cent, National Credit and Commerce Bank 10.13 per cent, National Bank 10.09 per cent and Eastern Bank 8.93 per cent.
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