Dhaka, Bangladesh (BBN)– LankaBangla Finance dominated the transaction chart of the Dhaka Stock Exchange (DSE) last week for the second week in a row that ended on Thursday as investors were active on its shares.
Meanwhile, LankaBangla on Tuesday received regulatory approval to raise BDT 1.59 billion by issuing 159.12 million right shares to comply with the condition of BASEL-III.
The LankaBangla Finance will issue one rights share against two existing shares at a price of BDT 10.
Turnover, the crucial indicator of the market, stood at nearly BDT 30.27 billion on the DSE, which was 6.28 percent lower than the week before.
The most active shares in terms of value included LankaBangla Finance, Brac Bank, City Bank, Exim Bank, BBS Cables, UCB, IDLC Finance, Saif Powertec, Khulna Power Company and National Bank.
According to the statistics available with the DSE, about 20.88 million shares of LankaBangla were traded, generating a turnover of nearly BDT 1.33 billion during the week. It was 4.41 percent of the week’s total turnover.
The daily average turnover of the company was BDT 266 million.
The non-bank financial institution’s share price closed at BDT 63.70 on Thursday, the last trading day of the week, falling 0.62 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 959 million changing hands, followed by City Bank BDT 831 million, Exim Bank BDT 663 million, BBS Cables BDT 640 million, UCB BDT 627 million, IDLC BDT 591 million, Saif Powertec BDT 589 million, KPCL BDT 548 million and National Bank BDT 487 million.