Dhaka, Bangladesh (BBN)- LankaBangla Finance dominated the transaction chart of Dhaka Stock Exchange (DSE) for the two consecutive weeks as investors were active on its shares almost throughout the week.
Analysts said the investors remained active on LankaBangla’s shares following its recent year-end corporate declarations.
LankaBangla has recommended 15 per cent cash and 15 per cent stock dividend for the year ended on December 31, 2016.
LankaBangla also witnessed earnings growth of 50.3 per cent year-on-year basis while the consolidated earnings per share (EPS) stood at BDT 2.87 for the year ended on December 31, 2016 against BDT 1.53 in the previous year.
According to the statistics available with the DSE, more than 37 million shares of LankaBangla were traded, generating a turnover of over BDT 2.43 billion last week on the DSE despite the company saw four trading days as its trading was suspended Thursday following record date.
It was 4.53 per cent of the week’s total turnover value while the daily average turnover for the company was BDT 486 million on the premier bourse.
The share price of the non-bank financial institution closed at BDT 67.40 each on Wednesday, soaring 9.42 per cent over previous week.
LankaBangla Finance, which was listed on the Dhaka bourse in 2006, also disbursed 15 per cent cash and 15 per cent stocks dividend for the year ended on December 31, 2015.
The company’s paid-up capital is BDT 2.76 billion and authorised capital is BDT 3.0 billion, while the total number of securities is 276.74 million.
The sponsor-directors own 34.83 per cent stake in LankaBangla, while institutional investors own 31.81 per cent, foreign investors 3.76 per cent and the general public 29.60 per cent as on January 31, 2017, the DSE data shows.
LankaBangla was, followed by Baraka Power with about 27.52 million shares of BDT 1.42 billion changing hands, followed by GPH Ispat BDT 1.37 billion, Islami Bank BDT 1.28 billion, Beximco BDT 1.27 billion and Ratanpur Steel BDT 1.26 billion.
BD Thai Aluminium was also included in the top ten turnover list with 36.27 million shares of BDT 1.16 billion changing hands, followed by Keya Cosmetics BDT 1.04 billion, Central Pharmaceuticals BDT 1.02 billion and City Bank BDT 1.0 billion.
BBN/SK/AD