Dhaka, Bangladesh (BBN)– LankaBangla Finance dominated the Dhaka bourse’s transaction chart last week that ended on Thursday as investors were active on its shares almost throughout the week.
Broekrs said insiders said the investors remained active on LankaBangla’s shares following its recent year-end corporate declarations.
LankaBangla has recommended 15 percent cash and 15 percent stock dividend for the year ended on December 31, 2016.
LankaBangla also witnessed earnings growth of 50.3 percent 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, about 36 million shares of LankaBangla were traded, generating a turnover of BDT 2.27 billion last week on the Dhaka Stock Exchange (DSE). It was 4.24 per cent of the week’s total turnover value.
The non-bank financial institution’s share price closed at BDT 61.60 each on Thursday, the trading session of the week, losing 1.91 percent over previous week.
The daily average turnover for the company was BDT 455 million on DSE.
LankaBangla Finance, which was listed on the Dhaka bourse in 2006, also disbursed 15 percent cash and 15 percent 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 total market capitalisation stood at BDT 17.30 billion as on Thursday.
The sponsor-directors own 34.83 percent stake in LankaBangla, while institutional investors own 31.81 percent, foreign investors 3.76 percent and the general public 29.60 percent as on January 31, 2017, the DSE data shows.
LankaBangla was, closely followed Active Fine Chemicals with about 39.71 million shares of BDT 2.04 billion changing hands, followed by Beximco BDT 1.78 billion, Islami Bank BDT 1.76 billion, Baraka Power BDT 1.40 billion and Keya Cosmetics BDT 1.19 billion.
The state-run Titas Gas Transmission & Distribution Company was also included in the top ten turnover list with 20.36 million shares of BDT 1.1 billion changing hands, followed by Ratanpur Steel Re-rolling Mills BDT 1.10 billion, IFAD Autos BDT 885 million and BD Thai Aluminium BDT 838 million.