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The Financial Express

United Power tops the list for fourth straight day

| Updated: April 04, 2019 10:35:34


Ten most-traded cos grab 37pc turnover

Top ten-traded firms captured nearly 37 per cent transaction on the Dhaka Stock Exchange (DSE) Tuesday while United Power dominated the chart for the fourth straight session.

Market insiders said investors continued to show their appetite for United Power shares expecting higher quarterly earnings as the January-March quarter ended.

The United Power Generation & Distribution Company posted a modest earnings growth in the period of July-December 2018.

Its earnings per share (EPS) (separate) rose 15.18 per cent to Tk 5.31 for July-December 2018. The EPS (separate) was Tk 4.61 for the same period in 2017.

According to statistics from the DSE, about 916,556 shares of United Power were traded, generating a turnover of Tk 381 million, which was 9.24 per cent of the DSE's total turnover.

The total turnover on the DSE stood at Tk 4.12 billion on Tuesday as against Tk 4.24 billion in the previous session.

The power generation company's share closed at Tk 415 on Tuesday, gaining 0.07 per cent over the previous day.

Its share price traded between Tk 154.10 and Tk 422.50 in the last one year.

The United Power, which was listed on the DSE in 2015, disbursed 90 per cent cash and 20 per cent stock dividend for the year ended on June 30, 2018.

The company's paid-up capital is Tk 4.79 billion, authorised capital is Tk 8.0 billion and the total number of securities is 479.08 million.

The sponsor-directors own 90 per cent stake in the company, while institutional investors own 6.37 per cent, foreign investors 0.08 per cent and the general public 3.55 per cent as of February 28, 2019.

Monno Ceramic followed next, with shares worth Tk 264 million changing hands. The company's share closed at Tk 355.60, advancing 0.17 per cent over the previous day.

BATBC clinched the third spot, with shares worth Tk 249 million changing hands. The multinational company's share price rose 1.50 per cent to close at Tk 4,607.40 each.

Bangladesh Submarine Cable Company emerged fourth with shares worth Tk 129 million changing hands. The state-run company's share closed at Tk 162.70, advancing 0.31 per cent over the previous day.

Grameenphone (GP) notched the fifth spot, with shares worth Tk 115 million changing hands. The largest market cap company's share price fell 1.77 per cent to close at Tk 409.60 each.

The turnover of Alif Industries was Tk 111 million. The company's share price rose 3.02 per cent to close at Tk 71.50 each.

JMI Syringes featured a turnover of Tk 69 million. The company's share closed at Tk 365.40 each, shedding 0.70 per cent.

The turnover of Shurwid Industries was Tk 68 million. The company's share closed at Tk 38.20, losing 0.78 per cent over the previous day.

Singer Bangladesh featured a turnover of Tk 66 million. The company's share price fell 1.79 per cent to close at Tk 185.60 each.

Dutch-Bangla Bank also made its way to the top 10 turnover chart, with shares of Tk 65 million changing hands. The bank's share price closed at Tk 214.30, losing 0.28 per cent over the previous day.

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