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Ten most-traded cos snare 29 per cent transaction

FE Report | January 27, 2020 00:00:00


Ten most traded companies accounted for more than 29 per cent transactions on Dhaka Stock Exchange on Sunday.

LafargeHolcim Bangladesh Ltd dominated the turnover chart for the three consecutive sessions.

Market insiders said investors continued to show their interest on the cement maker's shares after the amalgamation news of its subsidiary.

Recently, the Supreme Court has approved the amalgamation of its subsidiary Holcim Cement (Bangladesh) with its parent company LafargeHolcim.

According to data available with the DSE, some 7.83 million shares of LafargeHolcim were traded, generating a turnover of 352 million, which was 7.42 per cent of the day's total turnover of Tk 4.74 billion.

The multinational cement manufacturer's share closed at Tk 44.60, shedding 0.45 per cent, after soaring 15.76 per cent in the previous week.

The company's share traded between Tk 30.70 and Tk 46.50 in the last one year.

The company's consolidated earnings per share (EPS) in nine months for January-September, 2019 was Tk 1.01 as against Tk 0.42 for January-September, 2018.

The LafargeHolcim, which was listed on the DSE in 2003, disbursed 10 per cent cash dividend for the year ended on December 31, 2018.

The company's paid-up capital is Tk 11.61 billion and authorised capital is Tk 14 billion while total number of securities is 1.16 billion.

The sponsor-directors own 64.68 per cent stake in the company, while institutional investors own 15.19 per cent, foreign investors 0.99 per cent and the general public 19.14 per cent as of December 31, 2019, the DSE data showed.

The SS Steel came second on the turnover chart, with shares worth Tk 159 million changing hands. The company' share price rose 4.44 per cent to close at Tk 14.10 each.

ADN Telecom clinched the third spot, with shares worth Tk 142 million changing hands. The recently listed company's share closed at Tk 41 each, losing 0.97 per cent.

Square Pharmaceuticals emerged as the fourth, with shares worth Tk 118 million changing hands. The company's share price also fell 0.40 per cent to finish at Tk 198.10.

Khulna Power notched the fifth spot, with shares worth Tk 113 million changing hands. The company's share closed at Tk 52.20 each, losing 2.61 per cent.

The turnover of National Tubes was Tk 111 million. The company's share price shed 1.88 per cent to close at Tk 130.40.

Paramount Textile featured a turnover of Tk 108 million. The company's share closed at Tk 63.20, advancing 0.48 per cent over the previous day.

The turnover of Bangladesh Submarine Cable Company was Tk 102 million. The state-run company's share price fell 1.23 per cent to close at Tk 104 each.

Pioneer Insurance featured a turnover of more than Tk 93 million. The insurer's share closed at Tk 42 each, gaining 0.24 per cent.

National Polymer also made its way to the week's top turnover chart, with shares worth Tk 81 million changing hands. The company's share rose 3.45 per cent to close at Tk 62.90 each.

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