United Power tops weekly turnover chart in DSE again

United Power Generation & Distribution Company made it to the top of the turnover chart again on the Dhaka Stock Exchange (DSE) in the last week.

Ten most traded companies accounted for nearly 24 per cent of transactions in the Dhaka Stock Exchange (DSE) in the outgoing week. Market analysts said investors collected the United Power shares almost throughout the week amid positive expectations ahead of its year-end earnings declarations. 

United Power, listed on the DSE in April 2015, disbursed 90 per cent cash and 20 per cent stock dividends in last year. The company's paid-up capital is Tk 4.79 billion and authorised capital is Tk 8.0 billion. The United Power declared that its board of directors decided to acquire 75 per cent of shares (equivalent to 300,000 ordinary shares) of Leviathan Global at a face value of Tk 10 each, according to a disclosure published Sunday last. According to the DSE data, about 2.78 million shares of United Power were traded, generating a turnover of Tk 1.05 billion, which was 4.95 per cent of the weekly total turnover.

The total turnover on the DSE stood at Tk 21.18 billion as against Tk 25.98 billion in the week before.

JMI Syringes came second on the turnover chart, with shares worth Tk 708 million changing hands. The company’s share closed at Tk 460.70 on Thursday, gaining 5.28 per cent over the previous week. Square Pharma clinched the third spot, with shares worth Tk 591 million changing hands. The company's share price rose 1.07 per cent to close at Tk 263.50 each on Thursday.

Bangladesh Shipping Corporation emerged fourth with shares worth Tk 436 million changing hands during the week. The state-run company's share closed at Tk 51.50, gaining 1.58 per cent. Fortune Shoes notched the fifth spot, with shares worth Tk 435 million changing hands. The company's share price rose 4.29 per cent to close at Tk 36.50 each.