A view of Dhaka Stock Exchange. Photo: BBN
Dhaka, Bangladesh (BBN) - C&A Textiles dominated the week’s turnover chart on the Dhaka Stock Exchange (DSE) last week that ended on Thursday.
The total transaction on the DSE stood at BDT 48.79 billion on the day, which was nearly 8.31 percent lower than the previous week’s turnover of BDT 53.22 billion.
C&A Textiles, BBS Cables, IFIC Bank, City Bank, IFAD Autos, LankaBangla Finance, Mercantile Bank, Generation Next Fashions, Fu-Wang Food and Fortune Shoes were the most-active shares in terms of value on the DSE during the week.
According to the statistics available with the DSE, about 137.56 million shares of C&A Textiles were traded, generating a turnover of nearly BDT 1.88 billion during the week. It was 3.85 percent of the week’s total turnover value.
Daily average turnover for the C&A Textiles was BDT 376 million.
Each share of the company closed at BDT 14 on Thursday, the last trading session of the week at the DSE, registering an increase of 6.87 percent over the previous week.
The Chittagong-based export-oriented knit composite textile company made debut on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) on January 20, last year.
The company floated 45 million ordinary shares of BDT 10 each and raised BDT 450 million through initial public offering for machinery purchase, building construction and repayment of bank loans.
Of the total shares, sponsor/directors own 22.14 percent in the company, institutions 15.67 percent while rest of 62.19 percent held by public, according to DSE information.
The Chittagong-based company carries out knitting, dyeing and printing business and manufactures T-shirts, polo shirts, tank tops, shorts, sweat shirts, boxer shorts, skirts, leggings and fleece jackets.
Its products are shipped to the US, Canada, Brazil, the UK, Italy and Germany, according to the company’s website.
C&A Textiles was followed by BBS Cables with shares of BDT 1.68 billion, closely followed by IFIC Bank BDT 1.66 billion, City Bank BDT 1.44 billion, IFAD Autos BDT 1.43 billion, LankaBangla Finance BDT 1.06 billion, Mercantile Bank BDT 1.01 billion, Generation Next Fashions BDT 1.0 billion, Fu-Wang Food BDT 907 million and Fortunes Shoes BDT 889 million.
BBN/SSR/AD