Dhaka, Bangladesh (BBN) – Bangladesh Steel Re-rolling Mills (BSRM) dominated the week’s transaction chart of the Dhaka bourse that ended on Thursday as investors booked profit on its shares amid due to depressed earnings.
According to statistics available with the Dhaka Stock Exchange (DSE), about 4.97 million shares of BSRM were traded, generating a turnover of over BDT 788 million last week. It was 5.57 percent of the week’s total turnover.
The daily average turnover for the company was BDT 263 million.
Each share of the Chittagong-based steel marker’s closed at BDT 152.70 on Thursday, the last trading session of the week, registering a decline of 13.48 percent over the previous week.
The company disbursed 5.0 percent cash and 10 percent stock dividend for the year ended on December 31, 2015.
The company has also reported net profit of BDT 827.67 million, basic earning per share (EPS) of BDT 4.78 and diluted EPS of BDT 4.75, net asset value (NAV) per share of BDT 55.28 and net operating cash flow per share (NOCFPS) of BDT (10.16) for the year ended on December 31, 2015 as against BDT 109.09 million, BDT 0.70, BDT 0.68, BDT 54.10 and BDT (5.43) respectively for the year ended on December 31, 2014.
In 2014, the company distributed 10 percent cash dividend.
BSRM was listed on the Dhaka bourse in 2015. The engineering sector company belongs to the “A” category.
The sponsor-directors own 27.47 percent stake in the BSRM, while institutional investors own 22.32 percent, foreign 30.58 percent and the general public 19.63 per cent.
The company’s paid-up capital is BDT 1,950.98 million and authorised capital is BDT 5,000 million while total number of securities is 195,097,717, according to DSE figures.
The company’s total market capitalisation stood at BDT 30,786.42 million as of Thursday.
BSRM was followed by Singer Bangladesh with shares worth BDT 665 million changing hands followed by Summit Power BDT 620 million, MJL Bangladesh BDT 386 million, National Bank BDT 334 million, BSRM Steels BDT 276 million and Bangladesh Shipping Corporation BDT 275 million.