Dhaka, Bangladesh (BBN)– MJL Bangladesh Limited dominated the turnover chart on the Dhaka Stock Exchange (DSE) last week that ended on Thursday.
According to statistics from the DSE, some 10.42 million MJL BD shares were traded last week, generating a turnover of BDT 1.07 billion, which was 5.55 percent of the premier bourse’s total turnover of BDT 19.33 billion.
The average daily turnover of the company was BDT 214.45 million.
The fuel and power Sector Company’s share closed at BDT 105.5 on Thursday, registering an increase of 10.01 percent over the previous week.
The company, which listed on the Dhaka bourse in 2011, has informed that a meeting of the Board of Directors will be held on April 28 at 7:30pm to consider, among others, audited financial statements of the company for the year ended on December 31, 2015.
“MJL BD got investors’ concentration last week head of its earnings and dividend announcement speculation,” said an analyst.
Meanwhile, the company has reported consolidated earnings per share (EPS) BDT 0.59 for July-September period of 2015 as against BDT 1.14 for the same period in the previous year.
In nine months, consolidated EPS was BDT 2.31 for January-September, 2015 as against BDT 3.33 for January-September, 2014. Consolidated net operating cash flow per share (NOCFPS) was BDT 3.67 for January-September, 2015 as against BDT 4.05 for January-September, 2014. Consolidated net asset value (NAV) per share was BDT 33.08 as of September 30, 2015 and BDT 31.26 as of December 31, 2014.
The sponsor-directors own a 71.53 percent stake in the MJL BD, while institutional investors 13.61 percent, foreign investors 1.15 percent and the general public 13.71 percent as on March 31, 2016.
The company disbursed 15 percent cash dividend and 15 percent stock dividend for the year ended on 31, 2014.
The company’s paid-up capital is BDT 2,742.44 million and authorized capital is BDT 10,000 million, while the total number of securities is 274,244,180, according to statistics from the DSE.
The company’s total market capitalization stood at BDT 29,344.12 million as on Thursday.
MJL BD is a joint venture company between state-owned Jamuna Oil Company and EC Securities Limited (subsidiary of the East Coast Group). The company provides a full range of lubricant products and services for industries.
MJL BD was followed by ACI Limited with shares worth BDT 744 million changing hands, also followed by Keya Cosmetics BDT 561 million, Jamuna Oil BDT 558 million, Doreen Power BDT 551 million, United Power BDT 537 million, IBN Sina BDT 509 million.
Aman Feed, a fisheries and livestock feed producer, also included in the top ten turnover chart with shares of BDT 504 million changing hands, followed by LankaBangla Finance BDT 487 million and Beximco Pharmaceuticals BDT 410 million.
Among top ten turnover companies, share price of MJL BD, ACI, Doreen Power, United Power and IBN Sina appreciated, while five other companies faced price erosion.