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The Financial Express

Square Pharma tops turnover chart

Ten cos snare 29pc transaction


FE Report | Published: December 24, 2019 10:33:53 | Updated: December 26, 2019 11:05:16


File photo (Collected) File photo (Collected)

Square Pharmaceuticals dominated the Dhaka bourse's transaction chart Monday while ten most traded companies accounted for 29 per cent transactions.

Market analysts said investors continued their selling binge on Square Pharma shares amid depressed market outlook as the company's share price hit a fresh one-year low on Monday. The blue chip share price plunged 25.80 per cent or Tk 62.60 each in the past three-week since November 19 as foreign investors were on selling mood.

According to the DSE data, some 638,973 shares of Square Pharma were traded, generating a turnover of 116 million, which was 4.40 per cent of the day's total turnover of Tk 2.63 billion.

The company's share closed at Tk 182 on Monday, losing 0.05 per cent over the previous day. Its share traded between Tk 180.70 and Tk 277.30 in the last one year.

Khulna Power came second on the turnover chart, with shares worth Tk 99 million changing hands. The power generation company's share inched up 0.21 per cent to close at Tk 47.10.

Golden Harvest Agro Industries clinched the third spot, with shares worth Tk 92 million changing hands. The company's share closed at Tk 21, losing 4.98 per cent.

Grameenphone emerged as the fourth, with shares worth Tk 89 million changing hands. The company's share price rose 1.62 per cent to close at Tk 288.80 each.

Beacon Pharma notched the fifth spot, with shares worth Tk 67 million changing hands. The company's share closed at Tk 42.40 each, losing 2.53 per cent.

The turnover of Paramount Textile was Tk 66 million. The company's share price fell 0.66 per cent to close at Tk 59.80.

Ring Shine Textiles featured a turnover of more than Tk 62 million. The recently listed company's share closed at Tk 11.30, advancing 1.80 per cent.

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