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The Financial Express

LafargeHolcim generates highest turnover

Ten most-traded cos grab 27pc transaction


| Updated: December 05, 2019 12:27:57


File photo (Collected) File photo (Collected)

Ten most traded companies accounted for more than 27 per cent transactions on the Dhaka Stock Exchange (DSE) on Tuesday. LafargeHolcim Bangladesh topped the list.

Market analysts said investors continued their buying appetite on LafargeHolcim shares in the past few sessions 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 Bangladesh.

According to the DSE data, some 4.26 million shares of LafargeHolcim were traded, generating a turnover of 162 million, which was 3.92 per cent of the day's total turnover of Tk 4.12 billion.

The multinational cement manufacturer's share closed at Tk 38.70, soaring 6.09 per cent over the previous day.

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 15.94 per cent, foreign investors 0.97 per cent and the general public 18.41 per cent as of October 31, 2019, the DSE data showed.

The Sonar Bangla Insurance came second on the turnover chart, with shares worth Tk 152 million changing hands. The company's share rose 7.17 per cent to close at Tk 49.30 each.

Stylecraft clinched the third spot, with shares worth Tk 130 million changing hands. The company's share closed at Tk 326.80, shedding 3.26 per cent over the previous day.

Dutch-Bangla Bank emerged as the fourth, with shares worth Tk 126 million changing hands. The bank's share price fell 1.09 per cent to close at Tk 72.40 each.

Sinobangla Industries notched the fifth spot, with shares worth Tk 114 million changing hands. The company's share closed at Tk 76.30, soaring 7.46 per cent.

The turnover of United Finance was Tk 95 million. The company's share rose 3.76 per cent to close at Tk 19.30 each.

Fortune Shoes featured a turnover of more than Tk 88 million. The company's share closed at Tk 25.30 each, advancing 0.80 per cent.

The turnover of Paramount Insurance was nearly Tk 88 million. The company's share jumped 8.20 per cent to close at Tk 34.30 each.

Purabi General Insurance featured a turnover of more than Tk 86 million. The company's share closed at Tk 19.50 each, advancing 3.17 per cent.

SK Trims & Industries also made its way to the day's top turnover chart, with shares worth Tk 85 million changing hands. The company's share rose 4.05 per cent to close at Tk 48.80 each.

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