Dhaka, Bangladesh (BBN)- LankaBangla Finance dominated the transaction chart of the Dhaka Stock Exchange (DSE) last week that ended on Thursday as investors were active on its shares ahead of record date for entitlement of its rights shares.
Trading of the shares of the LankaBangla will remain suspended on Sunday (November 26) following record date for rights entitlement.
LankaBangla has recently 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.
Meanwhile, turnover, the crucial indicator of the market, stood at nearly BDT 49.74 billion on the DSE, which was 6.16 percent higher than the week before.
The most active shares in terms of value included LankaBangla Finance, AB Bank, Dhaka Bank, Shahjalal Islami Bank, square Pharmaceuticals, City Bank, FAS Finance, BBS Cables, BD Thai Aluminium and Brac Bank.
According to the statistics available with the DSE, about 64.37 million shares of LankaBangla were traded, generating a turnover of nearly BDT 4.37 billion during the week. It was 8.79 percent of the week’s total turnover.
The daily average turnover of the company was BDT 874 million.
The non-bank financial institution’s share price closed at BDT 69.30 on Thursday, the last trading day of the week, surging 7.61 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 25.55 percent, foreign investors 4.54 percent and the general public 36.35 percent as on October 31, 2017, the DSE data shows.
LankaBangla was, closely followed AB Bank, with shares of BDT 2.02 billion changing hands, followed by Dhaka
Bank BDT 1.68 billion, Shahjalal Bank BDT 1.51 billion, Square Pharma BDT 1.49 billion and City bank 1.28 billion.
FAS Finance was also included in the week’s top turnover chart with shares of BDT 1.24 billion changing hands, followed by BBS Cables BDT 991 million, BD Thai Aluminum BDT 950 million and Brac Bank BDT 935 million.
BBN/SSR/SR