Dhaka, Bangladesh (BBN)- ACME Laboratories, which made its share trading debut on Tuesday, dominated the week’s turnover chart last week on the Dhaka Stock Exchange (DSE) that ended on Thursday.
According to statistics from the DSE, some 17.93 million ACME shares were traded, generating a turnover of BDT 2.16 billion last week, which was 12.54 percent of the premier bourse’s total turnover.
Daily average turnover for the week was nearly BDT 722 million.
The country’s oldest pharmaceutical company’s share price closed at BDT 119.90 on Thursday, the last trading session of the week, registering an increase of 55 per cent from its IPO price of BDT 77 each.
ACME Laboratories, which received regulatory approval from the Bangladesh Securities and Exchange Commission (BSEC) in February, floated 50 million ordinary shares and raised a fund of BDT 4.09 billion through book building systems.
The company’s earnings rose 10.37 percent in nine months period in July 2015 to March 2016 as the company has reported profit after tax of BDT 724.14 million as against BDT 656.08 million in the same period last year. The post-IPO earning per share (EPS) stood at BDT 3.42 in nine months.
ACME’s paid-up capital is BDT 2,116.02 million and authorised capital is BDT 5,000 million, while the total number of securities is 211,601,700. The company’s total market cap stood at BDT 23,614.75 million as on Thurdsay.
The sponsor-directors own 57.64 percent stake in the ACME, while institutional investor 32.36 percent and the general public 10 percent as on June 30, 2015, the DSE data showed.
ACME is engaged in manufacturing and marketing of generic pharmaceuticals formulation products, including human, veterinary and herbal drugs. The products of the company are sold in domestic as well as international markets, according to the company’s website.
ACME was, followed by Lafarge Surma Cement with shares worth BDT 682 million changing hands, followed by Shahjibazar Power Compnay BDT 635 million, Bangladesh Steel Re-rolling Mills BDT 626 million, Far Chemical Industries BDT 378 million and Titas Gas BDT 362 million.
Khan Brothers PP Woven Bag Industries was also inculeded in the top ten turnover chart, with shares worth BDT 343 million changing hands, followed by MJL Bangladesh BDT 340 million, Doreen Power BDT 297 million and Beximco Pharmaceuticals BDT 278 million.