Square tops turnover chart again

10 cos snare 33pc transactions


FE Report | Published: January 29, 2018 10:29:06 | Updated: January 29, 2018 15:34:31


Square tops turnover chart again

Top 10 traded companies accounted for more than 33 per cent transactions of the premier bourse Sunday while Square Pharmaceuticals topped the chart again after one-session break.

Brokers said the investors were busy with selling shares of largest and second largest market cap listed companies -- Square Pharmaceuticals and Grameenphone to book profits from the recent upsurge, taking them in the top turnover chart.

A meeting of the board of directors of GP will be held today (Monday) to consider, among others, audited financial statements of the company for the year ended on December 31, 2017.

While, the board of directors of Square Pharma will hold a meeting on January 30 to consider, among others, un-audited financial statements of the company for the second quarter (Q2) period ended on December 31, 2017.

According to statistics available with the DSE, about 675,582 shares of Square Pharma were traded, generating a turnover of Tk 219 million, which was 6.10 per cent of the premier bourse's total transactions.

The total turnover on the DSE stood at Tk 3.59 billion which was 13 per cent lower than the previous day's turnover of Tk 4.12 billion.

Square Pharma, the second largest market-cap company's share price hovered between Tk 320 and Tk 329.50, before closing at Tk 324.30, shedding 1.60 per cent over the previous session.

The pharma sector company also posted 24.36 per cent growth in consolidated earnings per share (EPS) in the third quarter (Q3) of July-September, 2017 period. The EPS was Tk 4.39 for the period against Tk 3.53 for July-September, 2016.

Apart from Square Pharma, the most other active shares in terms of value included IFAD Autos, Shahjibazar Power, Grameenphone, Paramount Textile, Islami Bank, UCB, BBS Cables, BD Finance and Monno Ceramic.

The IFAD Autos came next, with shares worth Tk 211 million changing hands. The company's share price closed at Tk 131.90, losing 1.60 per cent over the previous day.

Shahjibazar Power clinched the third spot, with shares worth Tk 192 million changing hands. The power generation company's share price fell 0.53 per cent to close at Tk 112.70.

GP emerged fourth with shares worth Tk 135 million changing hands. The lone listed mobile phone company's share price closed at Tk 505.30, shedding 1.10 per cent.

Paramount Textile saw its shares worth Tk 107 million change hands. The company's share price advanced 0.43 per cent to close at Tk 46.70.

The turnover of Islami Bank was Tk 73 million. Each share of the bank company closed at Tk 34.90, losing 1.41 per cent.

UCB was also found its way to the top ten turnover chart, with shares worth Tk 69 million changing hands, followed by BBS Cables Tk 62 million, BD Finance Tk 61 million and Monno Ceramic Tk 57 million.

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