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Square Pharma tops DSE turnover chart

Ten most-traded cos snare 24pc transaction


FE REPORT | August 10, 2020 00:00:00


Square Pharmaceuticals dominated the Dhaka Stock Exchange's turnover chart on Sunday while ten most-traded stocks accounted for 24 per cent of the total transactions.

Market analysts said investors showed buying frenzy on large-cap shares throughout the session like Square Pharma, British American Tobacco, Brac Bank riding on new hopes amid the securities regulator's tough stance on wrongdoers.

According to the DSE data, some 2.24 million shares of Square Pharma were traded, generating a turnover of 441 million, which was 3.91 per cent of the day's total transaction of Tk 11.28 billion.

The top drug maker's share closed at Tk 199.50 on Sunday, soaring 5.83 per cent over the previous session.

The company disbursed 42 per cent cash and 7.0 per cent stock dividend for the year ended on June 30, 2019.

In nine months for July 2019-March 2020, its consolidated earnings per share (EPS) stood at Tk 12.44 as against Tk 11.15 for July 2018-March 2019.

The company's paid-up capital is Tk 8.44 billion and authorised capital is Tk 10 billion while total number of securities is 844.23 million.

The sponsor-directors own 34.57 per cent stake in the company, while the institutional investors own 10.57 per cent, foreign investors 18.61 per cent and the general public 36.25 per cent as on June 30, 2020, the DSE data showed.

BATBC came second on the turnover chart, with shares worth Tk 413 million changing hands. The multinational company's share rose 1.67 per cent to close at Tk 922.80 each.

Beximco Pharma clinched the third spot, with shares worth Tk 368 million changing hands. The company's share closed at Tk 98, rising 8.76 per cent.

Singer Bangladesh emerged as the fourth, with shares worth Tk 228 million changing hands. The company's share rose 3.06 per cent to close at Tk 151.50 each.

Bangladesh Submarine Cable notched the fifth spot, with shares worth Tk 215 million changing hands. The state-run company's share closed at Tk 131.40, gaining 4.45 per cent.

The turnover of Beximco was Tk 213 million. The company's share price soared 9.43 per cent to close at Tk 17.40 each.

Brac Bank featured a turnover of Tk 201 million. The bank's share closed at Tk 32.80 each, gaining 2.82 per cent.

The turnover of Pioneer Insurance was Tk 196 million. The company's share rose 9.10 per cent to close at Tk 70.70 each.

Grameenphone featured a turnover of Tk192 million. The largest market-cap company's share closed at Tk 271.10, soaring 6.65 per cent.

Indo-Bangla Pharma also made its way to the day's top turnover chart, with shares worth Tk 181 million changing hands. The company's share price rose 5.91 per cent to close at Tk 23.30 each.

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