The ten most-traded firms accounted for more than 28 per cent of weekly turnover on the Dhaka Stock Exchange (DSE), with Orion Infusion dominating the chart for the second week in a row.
Orion Infusion, a concern of Orion Group, continued to dominate the turnover chart as investors opted for booking profit on its shares after a recent price surge.
According to the DSE data, shares worth Tk 842 million changed hands during this week, which is 6.5 per cent of the week's total turnover.
Turnover, a crucial indicator of the market, stood at Tk 13.92 billion this week, up from Tk 11.74 billion in the previous week.
Orion Infusion also dominated the yearly turnover chart with shares worth Tk 35.98 billion changing hands in 2024, leaving behind many well-performing companies.
Market analysts said investors were active on both sides of Orion Infusion shares throughout the year 2024 as the company announced to issue rights shares to increase paid-up capital in order to meet the regulatory requirement.
In November 2023, the company announced that it would issue one rights share against existing two shares at Tk 20 each, including Tk 10 as premium per share, subject to approval from the stock market regulator in compliance with the relevant laws.
After the announcement, its stock more than doubled in just three months, reaching Tk 726 on February 18, 2024, from Tk 291 on November 21, 2023, despite repeated warnings from the company that it has no undisclosed information.
However, the Bangladesh Securities and Exchange Commission (BSEC) rejected the rights share application in October last year, although its stock started to decline much before the securities regulator rejected the rights offer application.
Orion Infusion's stock plunged 8.85 per cent to close at Tk 387.2 on Thursday.
Meanwhile, the company's profit for the first quarter (July-September 2024) dropped 18 per cent year-on-year to Tk 11 million.
Robi Axiata came second on the weekly turnover chart, with shares worth Tk 432 million changing hands. The second largest telecom's stock rose 3.6 percent to close at Tk 29 on Thursday.
Bangladesh Shipping Corporation clinched the third spot, with shares worth Tk 431 million changing hands. The state-run entity's stock closed at Tk 91.8 on Thursday, losing 2.9 per cent over the week before.
The City Bank emerged as the fourth, with shares worth Tk 377 million changing hands during the week. The bank's share rose 5.5 per cent to close at Tk 23 on Thursday.
Pubali Bank notched the fifth spot, with shares worth Tk 356 million changing hands. The bank's stock closed at Tk 29.9 on Thursday, rising 2.4 per cent.
Fine Foods featured a turnover of Tk 344 million. The company's stock closed at Tk 237.4 on Thursday, rising 9 per cent over the week before.
The turnover of Alif Industries was Tk 328 million. The company's share price advanced 4.4 per cent to close at Tk 92.8 on Thursday.
Sun Life Insurance featured a turnover of Tk 316 million. The life insurer's share closed at Tk 68.4 on Thursday, shedding 3.5 per cent.
The turnover of BAT Bangladesh was Tk 276 million. The tobacco leader's stock closed at Tk 360 on Thursday, rising 1.67 per cent.
Lovello Ice-cream also made its way to the week's top turnover chart, with shares worth Tk 275 million changing hands. The company's share shed 0.60 per cent to close at Tk 85.1 on Thursday.
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