FE REPORT
The ten most-traded stocks accounted for 27 per cent of transactions on the Dhaka Stock Exchange (DSE) on Wednesday, with Beximco Pharmaceuticals grabbing the top spot of the turnover chart for the second straight session.
Market analysts said investors continued their buying spree focusing on fundamentally strong stocks like Beximco Pharma, Brac Bank, Square Pharma, Grameenphone and British American Tobacco, as the securities regulator's tough stance on wrongdoers fuels new hopes for them.
According to the DSE data, some 5.77 million shares of Beximco Pharma were traded, generating a turnover of Tk 570 million, which was 5.08 per cent of the day's total turnover of Tk 11.20 billion.
The drug maker's share closed at Tk 97.90 on Wednesday, shedding 0.20 per cent over the previous session.
The company disbursed 15 per cent cash dividend for the year ended on June 30, 2019.
The Beximco Pharma's consolidated profit stood at Tk 2.63 billion for a nine-month period from July 2019 to March 2020.
The company's consolidated earnings per share (EPS) stood at Tk 6.48 for the same period as against Tk 5.51 for July 2018-March 2019.
Its paid-up capital is Tk 4.05 billion and authorised capital is Tk 15 billion while the total number of securities is 405.55 million.
The sponsor-directors own only 13.19 per cent stake in the company, while the institutional investors own 36.44 per cent, foreign investors 34.07 per cent and the general public 16.30 per cent as on July 30, 2020, the DSE data show.
Brac Bank came second on the turnover chart, with shares worth Tk 409 million changing hands. The bank's share rose 5.01 per cent to close at Tk 33.50 each.
Beximco clinched the third spot, with shares worth Tk 406 million changing hands. The company's share closed at Tk 20.40, soaring 9.68 per cent.
Square Pharma emerged as the fourth, with shares worth Tk 386 million changing hands. The company's share rose 2.65 per cent to close at Tk 205.30 each.
BATBC notched the fifth spot, with shares worth Tk 258 million changing hands. The multinational company's share closed at Tk 956.70, gaining 3.81 per cent.
The turnover of Nahee Aluminum was Tk 251 million. The company's share price jumped 9.96 per cent to close at Tk 64 each.
Grameenphone featured a turnover of Tk 212 million. The largest market-cap listed company's share closed at Tk 288.30 each, gaining 3.96 per cent.
The turnover of Fu-Wang Food was Tk 211 million. The company's share rose 8.87 per cent to close at Tk 18.40 each.
LafargeHolcim featured a turnover of Tk 193 million. The company's share closed at Tk 42.70, soaring 5.43 per cent.
Nitol Insurance also made its way to the day's top turnover chart, with shares worth Tk 155 million changing hands. The insurer's share price rose 7.0 per cent to close at Tk 42.80 each.
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