United Power Generation & Distribution Company Ltd dominated the turnover chart on Dhaka bourse for the second day in a row Wednesday while top 10 traded companies grabbed nearly 31 per cent of the total transaction.
Market insiders said investors continued their buying appetite on United Power's shares ahead of record date for entitlement of dividend. The record date for the entitlement of dividend is January 8.
Recently, the Board of Directors of the power generation company recommended 90 per cent cash dividend and 10 per cent stock dividend for the year ended on June 30, 2017. The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on January 27 as the company recently received clearance from the High Court for holding AGM.
The company has reported earnings per share (EPS) of Tk 11.50, net asset value (NAV) per share of Tk 41.22 and net operating cash flow per share (NOCFPS) of Tk 12.19 for the year ended on June 30, 2017 as against EPS of Tk 15.57, NAV per share of Tk 34.22 and NOCFPS of Tk 15.05 respectively for the 18-month period from January 01, 2015 to June 30, 2016.
The company also disclosed its first quarter (Q1) un-audited financial reports for July-September, 2017 on the day. As per the Q1 reports, EPS was Tk 2.95 for July-September, 2017 as against Tk 2.83 for July-September, 2016.
About 2.70 million shares of United Power were traded on the day, generating a turnover of more than Tk 517 million which was 8.96 per cent of the total DSE's transaction.
Each share of the company, which was listed on the Dhaka bourse in 2015 under book-building method, closed at Tk 192.80 on Wednesday, advancing 2.83 per cent over the previous day.
Meanwhile, the top ten traded companies accounted for nearly 31 per cent of the day's total transaction on the DSE.
Dragon Sweater followed next, with shares of Tk 191 million changing hands. The company's share price closed at Tk 20.80, advancing 2.46 per cent over the previous day.
Grameenphone notched the third spot, with shares of Tk 178 million changing hands. The largest market-cap company's share price rose 1.33 per cent to close at Tk 486.
IFAD Autos emerged as the fourth with shares of Tk 170 million changing hands. The company's share price closed at Tk 127.40, losing 2.82 per cent over the previous day.
The turnover of Islami Bank was Tk 162 million. The company's share price rose 1.65 per cent to close at Tk 36.90.
Lafarge Surma Cement was also included in the top ten turnover chart with shares of Tk 125 million changing hands, followed by Square Pharmaceuticals Tk 118 million, Doreen Power Tk 118 million, National Tubes Tk 94 million and BRAC Bank Tk 90 million.
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