BBN file photo

Dhaka, Bangladesh (BBN)– The newly listed Queen South Textile Mills dominated the week’s turnover chart on the Dhaka bourse that ended on Thursday while ten top-traded companies accounted for nearly 17 percent transactions.

Brokers said the investors were active on the newly listed stocks which made debut on March 13 on the both bourses.
According to statistics available with the DSE, about 10.88 million shares of Queen South Textile were traded, generating a turnover of BDT 391 million during the week, which was 2.21 percent of the week’s total transactions.

The total turnover on the DSE stood at BDT 17.69 billion as against BDT 13.80 billion in the week before.
The average daily turnover for the Queen South Textile was BDT 78.20 million.

The company’s share price closed at BDT 35 each on Thursday, the last session of the week, soaring 250 percent, from its issue price of Tk 10 each.

The company has reported profit after tax of BDT 75.38 million and basic earnings per share (EPS) was BDT 0.89 for the 6 (six) months period (July-December, 2017) ended on 31 December, 2017 as against profit after tax of Tk. 62.45 million and basic EPS of Tk. 0.86 for the same period of the previous year.

Considering post-IPO 100,150,000 number of shares, the company’s basic EPS would be BDT 0.75 for 6 (six) months period ended on 31 December 2017, (July-December, 2017) and NAV per share would be BDT 16.86 as on 31 December, 2017.

The company’s paid-up capital is BDT 1.0 billion and authorised capital is BDT 2.0 billion while the total number of securities is 100.15 billion.

The sponsor-directors own 53.23 percent stake in the company, while the institutional investors 11.96 percent, foreign 16.18 percent and the general public 18 percent as on June 30, 2017, the DSE data shows.

Apart from Queen South Textile, the most other active shares in terms of value included Square Pharmaceuticals with shares worth BDT 356 million changing hands, followed by Wata Chemicals worth BDT 355 million, followed by 355 million, Monno Ceramic BDT 329 million, IFAD Autos BDT 319 million and 319 million.

LankaBangla Finance followed next with shares worth BDT 275 million changing hands, closely followed by Salvo Chemicals wortj BDT 254 million, Brac Bank BDT 240 million, Mercantile Bank BDT 240 million, and Grameenphone (GP) 236 million.

BBN/SSR/AD