Ten top-traded companies captured more than 28 per cent transactions on the Dhaka Stock Exchange (DSE) Sunday while the newly-listed Intraco Refuelling Station topping the list for the second straight session.
Intraco Refuelling Station made a flying debut in Dhaka and Chittagong stock exchanges Thursday last despite the market continued to decline.
Market insiders said the investors continued to show higher enthusiasm for the newly listed stock amid short-term speculation, taking the company on top of the chart for second day in a row.
According to statistics available with the DSE, about 2.99 million shares of Intraco were traded, generating a turnover of Tk 133 million. It was 3.36 per cent of the premier bourse's total transaction.
The company's share price traded between Tk 41.20 and Tk 48.50 each, before closing at Tk 47.60, soaring 9.17 per cent over the previous session.
The company's share price jumped 336 per cent on debut trading Thursday at the DSE, from its issue price of Tk 10 each despite the company's net profit slumping more than 32 per cent in nine months.
In nine months from July 2017 to March 2018, the company's consolidated profit after tax fell more than 32 per cent to Tk 32.35 million, from Tk 47.95 million in the same period of previous year.
The company's post-IPO consolidated basic earnings per share (EPS) stood at Tk 0.43 for nine months ended on 31 March 2018 and consolidated net asset value (NAV) per share was Tk 12.75 as on 31 March 2018.
Intraco Refueling Station, which received approval from securities regulator on January 16, raised Tk 300 million from the capital market by issuing 30 million ordinary shares at an issue price of Tk 10 each under the fixed price method.
The refuelling company will utilise the IPO fund for LPG bottling and setting up distribution plants along with bearing the IPO expenses.
The newly-listed company's paid-up capital is Tk 750 million, authorised capital is Tk 1.0 billion and the total number of securities is 75 million.
Sponsor-directors own 31.51 per cent stake in the company while institutional investors 22.40 per cent and general public 47.09 per cent as on June 30, 2018.
Apart from Intraco, the most other active shares in terms of value included Bangladesh Steel Re-rolling Mills, Queen South Textile, Western Marine Shipyard, Legacy Footwear, Advent Pharma, Square Pharmaceuticals, Beximco, Monno Ceramic Industries and BRAC Bank.
Bangladesh Steel Re-rolling Mills came next with shares worth Tk 132 million changing hands. The company's share price fell 1.28 per cent to close at Tk 115.10 each.
Queen South Textile was third on the turnover list with shares worth Tk 119 million changing hands. The company's share price closed at Tk 51.80, gaining 2.78 per cent over the previous day.
Western Marine clinched the fourth spot, with shares worth Tk 113 million changing hands. The company's share closed at Tk 32.20 each, remaining unchanged over the previous day.
Legacy Footwear emerged fifth with shares worth Tk 106 million changing hands. The company's share price jumped 9.90 per cent to close at Tk 71 each. It was the day's second highest gainer.
Advent Pharma also saw its shares worth Tk 102 million change hands. The company's share price closed at Tk 41.90 each¸ soaring 9.97 per cent over the previous day. It was the day's highest gainer.
The turnover of Square Pharma was Tk 101 million. Each share of the company closed at Tk 294.10, losing 0.81 per cent.
Beximco featured a turnover of Tk 99 million. The company's share price fell 1.86 per cent to close at Tk 26.40 each.
The turnover of Monno Ceramic was Tk 95 million. The company's share closed at Tk 148.40 each, advancing 3.48 per cent over the previous session.
The BRAC Bank also found its way to the top ten turnover chart, with shares worth Tk 88 million changing hands. The bank's share price advanced 72.60 per cent to close at 1.89 each.
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