LankaBangla rules week’s turnover chart on DSE

Last updated: October 27, 2017

Dhaka, Bangladesh (BBN)- LankaBangla Finance dominated the transaction chart of the Dhaka Stock Exchange (DSE) last week that ended on Thursday as investors grabbed its share amid optimism.

Turnover, the crucial indicator of the market, stood at nearly BDT 28.49 billion on the DSE, which was 0.67 percent lower than the week before.

The most active shares in terms of value included LankaBangla Finance, Brac Bank, BBS Cables, IFAD Autos, Grameenphone, Aamra Networks, IDLC Finance, Rangpur Foundry, Exim Bank and Uttara Bank.

According to the statistics available with the DSE, about 20.26 million shares of LankaBangla were traded, generating a turnover of nearly BDT 1.31 billion during the week. It was 4.95 percent of the week’s total turnover.

The daily average turnover of the company was BDT 262 million.

The non-bank financial institution’s share price closed at BDT 64.10 on Thursday, the last trading day of the week, falling 1.38 percent over the previous week.

The company’s consolidated earnings per share (EPS) stood at BDT 1.31 for July-September, 2017 as against BDT 0.16 for July-September, 2016.

In nine months, consolidated EPS was BDT 3.31 for January-September, 2017 as against BDT 1.05 for January-September, 2016.

Consolidated net operating cash flow per share (NOCFPS) was BDT (6.15) for January-September, 2017 as against BDT 1.15 for January-September, 2016. Consolidated net asset value (NAV) per share was BDT 23.01 as of September 30, 2017 and BDT 21.01 as of December 31, 2016.

LankaBangla Finance, which was listed on the Dhaka bourse in 2006, paid 15 percent cash and 15 percent stocks dividend for the year ended on December 31, 2016.

The company also disbursed 15 percent cash and 15 percent stock dividend in 2015.

The company’s paid-up capital is BDT 3.18 billion and authorised capital is BDT 10 billion, while the total number of securities is 318.25 million.

Sponsor-directors own 33.56 per cent stake in LankaBangla, while institutional investors own 26.45 percent, foreign investors 4.45 percent and the general public 35.54 percent as on September 30, 2017, the DSE data shows.
LankaBangla was, closely followed Brac Bank, with shares of BDT 1.26 billion changing hands, followed by BBS Cables BDT 1.0 billion, IFAD Autos BDT 948 million, GP BDT 855 million, Aamra Networks BDT 707 million, IDLC Finance BDT 661 million, Rangpur Foundry BDT 640 million, Exim Bank 475 million and Uttara Bank BDT 464 million.

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