Dhaka, Bangladesh (BBN) – Bangladesh Building Systems (BBS) dominated the turnover and gainer charts on Dhaka Stock Exchange last week that ended on Thursday as investors took position on its shares amid optimism.
According to statistics available with the DSE, some 38.21 million shares of BBS were traded, generating a turnover of BDT 1.82 billion.
It was 4.98 percent of the premier bourse’s total turnover value.
The daily average turnover for the company was BDT 455 million.
Each share of the pre-engineered steel buildings structure manufacturer closed at BDT 51.70 on Thursday, the last trading session of the week, soaring 22.80 percent over the week before. It was also the week’s highest gainer.
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 Lafarge with about 18.72 million shares worth BDT 1.58 billion changing hands, followed by Ratanpur Steel Re-rolling Mills BDT 948 million, Appollo Ispat BDT 745 million, MJL Bangladesh BDT 744 million, IFAD Autos BDT 727 million and AFC Agro Biotech BDT 653 million.
Summit Alliance Port was also included in the top ten turnover list with shares of BDT 646 million changing hands, followed by Active Fine Chemicals Tk 644 million and Shasha Denims BDT 572 million.