Top ten grab one-third of DSE turnover

LafargeHolcim keeps dominance for 7th day


FE Report | Published: January 31, 2020 14:02:37 | Updated: February 02, 2020 11:36:53


Top ten grab one-third of DSE turnover

Ten most traded firms accounted for one-third of transactions on the Dhaka Stock Exchange on Thursday with LafargeHolcim continuing to dominate the turnover chart for seventh straight session.

Market operators said investors remained active trading in shares of LafargeHolicm after the Supreme Court had approved amalgamation of its subsidiary Holcim Cement (Bangladesh) with its parent company LafargeHolcim recently.

According to data available with the DSE, about 10.13 million shares of LafargeHolcim were traded, generating a turnover of Tk 500 million, 11.37 per cent of the day's total turnover of Tk 4.39 billion.

The multinational cement manufacturer's share closed at Tk 50.30, up by 5.89 per cent over the previous day. It was the highest closing price in one year. It hit the day's high at Tk 51.10.

The company's consolidated earnings per share (EPS) in nine months for January-September, 2019 was Tk 1.01 as against Tk 0.42 for January-September, 2018.

The LafargeHolcim, which was listed on the DSE in 2003, disbursed 10 per cent cash dividend for the year ended on December 31, 2018.

The company's paid-up capital is Tk 11.61 billion and authorised capital is Tk 14 billion while the total number of securities is 1.16 billion.

The sponsor-directors own 64.68 per cent stake in the company, while institutional investors own 15.19 per cent, foreign investors 0.99 per cent and the general public 19.14 per cent as of December 31, 2019, the DSE data showed.

ADN Telecom came second on the turnover chart, with shares worth Tk 151 million changing hands. The company's share price rose 6.61 per cent to close at Tk 45.10.

Paramount Textile clinched the third spot, with shares worth Tk 149 million changing hands. The company's share closed at Tk 65.20, lower by 1.06 per cent.

Bangladesh Shipping Corporation emerged fourth with shares worth Tk 142 million changing hands. The state-run company's share price rose 6.56 per cent to Tk 50.30.

Indo-Bangla Pharma notched the fifth spot, with shares worth Tk 103 million changing hands. The company's share closed at Tk 20.90, advancing 5.02 per cent.

The turnover of Square Pharma was Tk 96 million. The company's share price closed at Tk 198.20, gaining 0.40 per cent over the previous day.

SK Trims & Industries featured a turnover of Tk 87 million. The company's share closed at Tk 50.60, falling 1.55 per cent.

The turnover of Fine Foods was Tk 78 million. The company's share price rose 1.81 per cent to close at Tk 50.50 each.

Bangladesh Submarine Cable Company featured a turnover of more than Tk 67 million. The state-run company's share closed at Tk 102.60, shedding 2.10 per cent.

Khulna Power also made its way to the week's top turnover chart, with shares worth Tk 65 million changing hands. The power generation company's share fell 0.39 per cent to close at Tk 50.60 each.

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