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The Financial Express

Ten cos snare one-fourth turnover

| Updated: September 30, 2019 10:38:41


Ten cos snare one-fourth turnover

Ten most traded companies accounted for one-fourth transactions on the prime bourse in the outgoing week, with the Grameenphone (GP) generating the highest turnover.

Market analysts said investors showed their appetite on heavyweight GP shares throughout the week amid positive news surrounding the top telecom company.

GP, which is the largest company by capital, dominated the weekly turnover chart after the government came forward to resolve spat between the telecom regulator and GP over claims of unpaid dues.

According to media reports, the government is considering waiving off the late fees, which made up almost half the Tk 125.79 billion claimed by the telecom regulator as unpaid dues from GP.

A leading broker said the government's move to resolve a dispute over the telecom regulator's audit claim boosted investors' confidence.

Accordingly, GP, which is the largest company by capital, gained 7.19 per cent in the outgoing week, contributing nearly 54 points gain of DSEX.

According to statistics available with the DSE, about 2.67 million shares of GP were traded, generating a turnover of nearly Tk 963 million, which was 4.92 per cent of the week's total turnover of Tk 19.57 billion.

The GP share closed at Tk 359.90 each on Thursday, the last session of the week, soaring 7.19 per cent over the week before.

In six months for January-June 2019, GP's earnings per share (EPS) stood at Tk 13.37 as against Tk 12.10 for January-June, 2018.

The net operating cash flow per share (NOCFPS) was Tk 20.94 for January-June 2019 as against Tk 20.30 for January-June, 2018.

The net asset value (NAV) per share was Tk 25.15 as on June 30, 2019 and Tk 27.28 as on June 30, 2018.

The GP also disbursed interim cash dividend of 90 per cent out of the audited net profits of the company for the half year ended on June 30, 2019.

The GP, which was listed on the DSE in 2009, disbursed a total of 280 per cent cash dividend for the year ended on December 31, 2018.

The company's paid-up capital is Tk 13.50 billion and authorised capital is Tk 40 billion while total number of securities is 1.35 billion.

The sponsor-directors own 90 per cent stake in the company, while the institutional investors own 3.94 per cent, the foreign investors 3.93 per cent and the general public 2.13 per cent as of August 31, 2019, the DSE data showed.

National Tubes came second on the turnover chart, with shares worth Tk 617 million changing hands. The company's share closed at Tk 163.90, advancing 5.61 per cent over the previous week.

Fortune Shoes clinched the third spot, with shares worth Tk 564 million changing hands. The company's share plunged 12.91 per cent to close at Tk 29 each on Thursday.

Monno Jute Stafflers emerged fourth with shares worth Tk 561 million changing hands. The company's share closed at Tk 1,491 each, losing 6.82 per cent.

VFS Thread Dyeing notched the fifth spot, with shares worth nearly Tk 391 million changing hands. The company's share price soared 7.08 per cent to close at Tk 25.70 each.

The turnover of Square Pharma was Tk 384 million. The company's share closed at Tk 235.20 each, advancing 3.66 per cent.

Sonar Bangla Insurance featured a turnover of Tk 383 million. The company's share price jumped 28.57 per cent to close at Tk 36 each.

Beacon Pharma featured a turnover of Tk 357 million. The company's share closed at Tk 27.70 each, advancing 10.80 per cent.

The turnover of Monno Ceramic was Tk 336 million. The company's share price soared 25.19 per cent to close at Tk 181.40 each.

The JMI Syringes also made its way to the day's top 10 turnover chart, with shares of Tk 333 million changing hands. The company's share price rose 5.78 per cent to close at Tk 415.30 each.

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