March 19, 2024, 5:51 pm


Siyam Hoque

Published:
2020-03-14 17:55:00 BdST

Square Pharma generates highest weekly turnover


Square Pharmaceuticals dominated the Dhaka bourse's transaction chart in the outgoing week while ten most-traded stocks accounted for one-fifth transactions.

Market analysts said investors showed their appetite on Square Pharma shares after the news that the company obtained good manufacturing practices certificate by Congo which allowed the export of its product to African countries.

 

The Square Pharma received the certificate, joining a growing list of medicine exporters from Bangladesh looking to make inroads into 11 African countries.

According to the Dhaka Stock Exchange data, some 3.51m shares of Square Pharma were traded, generating a turnover of more than Tk 633m, which was 3.03 percent of the week's total turnover of Tk 20.88 billion.

The company's share closed at Tk 179.80 on Thursday, the trading day of the week, losing 2.92 percent over the week before.

The company disbursed 42 percent cash and 7.0 percent stock dividend for the year ended on June 30, 2019.

The company's paid-up capital is Tk 8.44 billion and authorized capital is Tk 10 billion while the total number of securities is 844.23 million.

The sponsor-directors own 34.57 percent stake in the company, while the institutional investors own 10.30 percent, foreign investors 19.48 percent and the general public 35.65 percent as on February 29, 2020, the DSE data showed.

Orion Pharma came second on the turnover chart, with shares worth Tk 464 million changing hands. The company's share rose 5.90 percent to close at Tk 44.90 each on Thursday.

Orion Infusion clinched the third spot, with shares worth Tk 436 million changing hands. The company's share closed at Tk 78.60, losing 2.72 percent week-on-week.

LafargeHolcim emerged as the fourth, with shares worth Tk 435 million changing hands. The company's share fell 11.11 percent to close at Tk 37.60 each.

Grameenphone notched the fifth spot, with shares worth Tk 434 million changing hands. The company's share closed at Tk 248, shedding 5.99 percent.

The turnover of Beacon Pharma was Tk 421 million. The company's share price advanced 3.01 percent to close at Tk 65.10 each.

Monno Ceramic featured a turnover of Tk 389 million. The company's share closed at Tk 122.50 each, gaining 7.17 percent.

The turnover of VFS Thread Dyeing was Tk 386 million. The company's share slumped 17.41 percent to close at Tk 24.20 on Thursday.

Khulna Power featured a turnover of Tk 383 million. The company's share closed at Tk 47.30, losing 9.21 percent.

Khulna Printing & Packaging also made its way to the week's top turnover chart, with shares worth Tk 314 million changing hands. The company's share price fell 2.56 percent to close at Tk 19 each.

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