Dhaka, Bangladesh (BBN) – United Power Generation and Distribution Company Ltd (UPGDCL) dominated the week’s top turnover chart on the Dhaka Stock Exchange (DSE) for the second straight week that ended on Thursday.
A total of 10.63 million shares worth BDT 1.76 billion changed hands during the week. Daily average for the company was BDT 352 million.
The company’s share closed at 161.6 on Thursday, the last trading day of the week, registering a decline of 6.10 percent over the previous week.
Analysts said as lock in on stocks of United Power for institutional investors expired last week, they took some profits.
The power generation & distribution company made trading debut on April 5, 2015, with an offer price of BDT 72, including a premium of BDT 62 for each ten taka share under the book building method.
The company raised a fund worth above BDT 2.37 billion through IPO under book building method.
United Power is the first company, which came under the modified book-building method.
The fuel and power sector accounts for 12.43 percent of the total market capitalization on DSE.
The Board of Directors has disbursed 30 percent cash dividend and 10 percent stock dividend for the year ended on December 31, 2014 and 35 percent cash dividend for the year ended on December 31, 2013.
The company has also reported Net Profit of BDT 2,464.63 million, Basic EPS of BDT 8.30, NAV per share of BDT 31.94 and NOCFPS of BDT 8.99 for the year ended on 31.12.2014 as against BDT 1,774.43 million, BDT 5.98, BDT 23.64 and BDT 6.89 respectively for the year ended on 31.12. 2013.
The company recently promoted to A category from N category on July 27, this year.
The company’s authorized capital BDT 8.0 billion and paid-up capital BDT 3.63 billion, according to DSE website information. Total number of securities 36,29,44,698.
Of the total share – sponsor/directors held by 90 percent, institutions held 5.5 per cent while general public held 4.5 percent shares.
The week’s other turnover leaders were Islami Bank worth BDT 918 million changed hands followed by Life Insurance BDT 834 million, FAR Chemicals BDT 816 million, Shahjibazar Power BDT 790 million, RSRM Steels BDT 730 million.
Bengal Windsor also came to the top turnover list with shares worth BDT 695 million changed hands followed by BSRM Steels BDT 662 million, Appollo Ispat Complex BDT 626 million and Square Pharma worth BDT 623 million changed hands last week.