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Western Marine tops DSE turnover for third day

Ten top-traded cos capture 31pc transaction


| Updated: May 16, 2018 11:22:58


FE File Photo FE File Photo

Ten top-traded companies captured more than 31 per cent transactions on the Dhaka Stock Exchange (DSE) Monday with Western Marine Shipyard dominating the chart for three consecutive sessions.

Brokers said the investors remained active on Western Marine shares in continuation of the previous two sessions, following a remour that the company will issue rights shares.

Healthy earnings report for the third quarter (Q3) coupled with selling shares of sponsor-directors contributed to the company's becoming the turnover leader, they said.

According to statistics available with the DSE, about 7.10 million shares of Western Marine were traded, generating a turnover of Tk 238 million. It was 7.19 per cent of the premier bourse's total transaction.

The company's share price traded between Tk 32.70 and Tk 34.70 each, before closing at Tk 33, losing 3.22 per cent over the previous session.

In the last one year, the company's share traded between Tk 22 and Tk 50 each.

Western Marine's third quarter earnings per share (EPS) posted a 90.69 per cent growth to Tk 0.82 in January-March, 2018 quarter, against Tk 0.43 in the same period of the previous year.

In nine months, for July 2017-March 2018, the EPS was Tk 2.14 as against Tk 1.46 for the July 2016-March 2017.

Western Marine, which was listed on the Dhaka bourse in 2014, paid 3.0 per cent cash and 12 per cent stock dividends for the year ended on June 30, 2017.

Apart from Western Marine, the most other active shares in terms of value included United Power, Dragon Sweater, Beximco, BRAC Bank, Bangladesh Steel Re-rolling Mills, Usmania Glass, BBS Cables, Grameenphone and Miracle Industries.

United Power came next with shares worth Tk 168 million changing hands. The power generation company's share price fell further by 2.02 per cent to close at Tk 208.20 each.

Dragon Sweater was third on the turnover list with shares worth Tk 121 million changing hands. The company's share price closed at Tk 21.20 each, advancing 1.43 per cent over the previous day.

Beximco clinched the fourth spot, with shares worth Tk 97 million changing hands. The company's share closed at Tk 29.20 each, losing 0.34 per cent.

BRAC Bank emerged fifth with shares worth Tk 96 million changing hands. The bank's share price advanced 0.25 per cent to close at Tk 80.40 each.

Bangladesh Steel Re-rolling Mills also saw its shares worth Tk 85 million change hands. The company's share price closed at Tk 108.30, losing 1.46 per cent over the previous day.

The turnover of Usmania Glass was Tk 60 million. Each share of the company closed at Tk 133.60, rising 2.69 per cent.

BBS Cables featured a turnover of Tk 59 million. The company's share price fell 1.0 per cent to close at Tk 79.50 each.

The turnover of Grameenphone was Tk 54 million. The largest market cap company's share closed at Tk 466, gaining 0.11 per cent over the previous session.

The Miracle Industries also found its way to the top ten turnover chart, with shares worth Tk 53 million changing hands. The company's share price fell 2.92 per cent to close at 43.20 each.

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