Dhaka, Bangladesh (BBN)– BBS Cables Ltd dominated the transaction chart of the Dhaka Stock Exchange (DSE) for the second straight week that ended on Thursday.
According to statistics available with the DSE, about 10.75 million shares of BBS Cables were traded, generating a turnover of BDT 1.30 million, which was 4.95 percent of the DSE’s total turnover.
The total turnover on the DSE stood at BDT 26.27 billion which was Tk 34.37 billion in the previous session.
The company’s share price closed at BDT 119.90 each on Thursday, registering an increase of 1.52 percent over the previous week.
Recently, BBS Cables signed a BDT 936 million agreement with Bangladesh Rural Electrification Board (BREB) on July 25 under distribution network expansion for 100 percent electrification project for the supply of conductor.
Brokers said the investors showed enthusiasm following news on the deal, which created hype among the investors in the recent days.
After the deal signing news, investors were showing their enthusiasm in the company’s shares.
Accordingly, its share price jumped nearly 30 per cent or BDT 28 each in the last one month.
The company’s (un-audited) earnings per share (EPS) stood at BDT 2.31 for January-March 2018 as against BDT 0.86 for January-March 2017.
In nine months for July 2017-March 2018, its EPS was BDT 5.84 as against BDT 2.34 for July 2016-March 2017.
The net operating cash flow per share (NOCFPS) was BDT 0.50 for July 2017-March, 2018 as against BDT 4.53 for July 2016-March 2017.
The net asset value (NAV) per share was BDT 22.08 as on March 31, 2018 and BDT 19.17 as on June 30, 2017.
The company’s paid-up capital is BDT 1.38 billion, authorised capital is BDT 3.0 billion and the total number of securities is 138 million.
The other most active shares in terms of value included IFAD Autos with shares worth BDT 854 million, closely followed by Shepherd Industries BDT 698 million, Saiham Textile BDT 550 million, Hamid Fabrics BDT 495 million.
Dragon Sweater was also included in the week’s top turnover list with shares worth BDT 446 million changing hands, followed by AB Bank BDT 445 million, Legacy Footwear BDT 428 million, LankaBangla Finance BDT 424 million and United Power BDT 411 million.