Bangladesh’s stocks

DSE trading building in Dhaka

Dhaka, Bangladesh (BBN) – Western Marnine Shipyard, a leading shipbuldier in Bangladesh, dominated the turnover on the Dhaka Stock Exchnage (DSE) last week.

Market insiders said the investors were active on the company’s shares amid strong remour that the Western Marine will issue rights shares while helthey quarterly earnings results and directors’ share sales helped the company to stay topped the turnover list.

According to statistics available with the DSE, about 34.43 million shares of Western Marine were traded, generating a turnover of BDT 1.15 billion. It was 5.91 percent of the premier bourse’s total transaction.

The country’s leading shipbuilder’s share price closed at BDT 32.20 each on Thursday, sheding 3.01 percent over the previous week.

In the last one year, the compnay’s share traded between BDT 22 and BDT 50 each.

Western Marine’s third quarter earnings per share (EPS) posted a 90.69 percent growth to BDT 0.82 in January-March, 2018 quarter, against BDT 0.43 in the same period of the previous year.

In nine months, for July 2017-March 2018, the EPS was BDT 2.14 as against BDT 1.46 for the July 2016-March 2017.
Western Marine, which was listed on the Dhaka bourse in 2014, disbursed 3.0 percent cash and 12 percent stock dividends for the year ended on June 30, 2017.

The company’s paid-up capital is BDT 1.66 billion and authorised capital BDT 3.0 billion, while total number of securities is 166.28 million.

Sponsor-directors own 32.67 percent stake in the company, while the institutional investors own 12.45 percent and the general public 54.88 percent as of March 31, 2018.

Apart from Western Marine, the most other active shares in terms of value included United Power worth BDT 906 million, Bangladesh Steel Re-rolling Mills BDT 754 million, Beximco BDT 738 million and BRAC Bank BDT 452 million.
Queen South Textile was also included in the week’s top turnover chart, with share worth BDT 444 million changing hand, followed by newly listed Intraco Refueling Station of BDT 443 million, Square Pharma BDT 375 million Legacy Footwear BDT 354 million and Monno Ceramic Industries BDT 350 million.