Dhaka, Bangladesh (BBN)– Bangladesh Building Systems (BBS) dominated the transaction chart of the Dhaka Stock Exchange (DSE) for the two consecutive weeks that ended on Thursday.
According to statistics available with the DSE, some 36.61 million shares of BBS were traded, generating a turnover of BDT 2.0 billion. It was 4.30 percent of the premier bourse’s total turnover value.
The daily average turnover for the company was BDT 402 million.
Each share of the pre-engineered steel buildings structure manufacturer closed at BDT 55.30 on Thursday, the last trading session of the week, advancing 6.96 percent over the week before.
Recently, the company has disclosed Q1 financial report. As per Q1 financial report, the company’s earnings per share (EPS) stood BDT 0.85 for July-September, 2016 as against BDT 0.54 for July-September, 2015.
The board of directors of the company has also decided to withdraw the rights issue application from securities regulator due to favorable financing proposal from other source to meet up the cost of business expansion of the company.
The company has recommended 5.0 percent cash dividend (excluding sponsors) and 10 percent stock dividend for the year ended on June 30, 2016.
The company’s paid-up capital is BDT 1,059.84 million and authorised capital is BDT 1,500 million while the total number of securities is 105,984,000.
The sponsor-directors own 31.95 percent stake in the BBS, while institutional investors own 30.70 percent, foreigners 0.13 percent and the general public 37.22 percent as on October 31, 2016, the DSE data shows.
BBS was, closely followed by Appollo Ispat with about 64.25 million shares worth BDT 1.25 billion changing hands, followed by Lafarge Surma Cement BDT 1.18 billion, Square Pharmaceuticals BDT 1.15 billion, Summit Alliance Port BDT 1.14 billion and IFAD Autos BDT 1.13 billion.
Beximco was also included in the top ten turnover list with 39.92 million shares of BDT 994 million changing hands, followed by CMC Kamal BDT 897 million, Keya Cosmetics BDT 845 million and Olympic Accessories BDT 833 million.
BBN/SSR/SR