Premier Bank rules week’s turnover chart at DSE

Last updated: January 25, 2019

BBN file photo

Dhaka, Bangladesh (BBN)- Premier Bank Ltd dominated the week’s turnover chart on the Dhaka Stock Exchange (DSE) last week that ended on Thursday with four banks featured in the top turnover list.

Analysts said investors shifting their focus on the banking sector issues throughout the week amid dividend expectations.

According to the data from the DSE, about 37.96 million shares of the Premier Bank were traded, generating a turnover of nearly BDT 1.86 billion, which was 3.87 percent of the DSE’s total turnover.

The total turnover on the DSE stood at BDT 48.28 billion on last week which was BDT 52.71 billion on the week before.

The bank’s share price closed at BDT 17.10 each on Thursday, the last trading session of the week, registering an increase of 17.93 percent over the previous day.

The Premier Bank, which was listed on the DSE in 2007, disbursed 15 percent stock dividend for the year ended on December 31, 2017.

The bank’s consolidated earnings per share (EPS) stood at BDT 0.44 for July-September 2018 as against BDT 0.50 for July-September 2017.

In nine months for January-September 2018, consolidated EPS was BDT 1.40 as against BDT 1.37 for January-September 2017.

The bank’s paid-up capital is BDT 8.0 billion, authorised capital is BDT 10 billion and the total number of securities is 800.08 million.

The sponsor-directors own 35.22 percent stake in the bank, while institutional investors own 18.59 percent, and the general public 46.19 percent as of December 31, 2018.

United Power followed next, with shares worth BDT 1.61 billion changing hands, followed by United Finance BDT 981 million, Dhaka Bank BDT 876 million, Square Pharma BDT 832 million, IFIC Bank BDT 829 million.

BBS cables was also included in the top 10 turnover chart with shares of BDT 670 million changing hands, followed by City Bank BDT 668 million, JMI Syringes BDT 646 million and Sonar Bangla Insurance BDT 632 million.

BBN/SSR/SR

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