Unilever Consumer Care on Thursday witnessed transactions of the highest volume of shares in a day in 14 months on the Dhaka Stock Exchange (DSE).
On the day, the second highest valued stock's turnover was Tk 90.40 million following trades in 42,020 shares.
On March 12 last year, the stock saw a trade volume of 31,879 shares. Between that day and Wednesday this week, the average daily trade volume of the stock was around 3,000 shares, according to market operators.
"Prudent investors might have purchased the company's shares considering the current price level lucrative," said Md. Ashequr Rahman, managing director of Midway Securities.
The stock closed at Tk 2147.20 per share on the DSE on Thursday. It soared 18 per cent in the last three trading sessions.
Mr Rahman said foreign investors, mutual funds or high net worth individuals might have invested in the blue chip stock. He said the chance of general investors' putting money in the stock was slim.
Following an appreciation of 4.77 per cent, Unilever Consumer Care made it to the chart of top 10 gainers on Thursday.
The company's share price experienced ups and downs in recent months. It had been in a downward spiral between March 3 and May 13 as its price declined 20 per cent during the time.
Unilever Consumer Care distributed the lowest dividends (240 per cent cash and 60 per cent stock) for the year ended in December 2022 since 2018. It experienced a 38 per cent year-on-year growth in profit to Tk 730.49 million in 2022.
The multinational company then paid 300 per cent cash dividends for 2023.
The company's income increased 11 per cent year-on-year to Tk 223.81 million in January-March this year.
Presently, it is the most valued stock after Reckitt Benckiser (Bangladesh) that closed at Tk 4,177 per share on Thursday.
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