LafargeHolcim tops turnover for second week

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Economic Reporter :
LafargeHolcim Bangladesh Ltd dominated the Dhaka bourse’s turnover chart for the second consecutive week that ended on Thursday.
Ten most traded companies accounted for one-fifth transactions on the Dhaka Stock Exchange (DSE) in the outgoing week.
Market analysts said investors continued to show their appetite on LafargeHolcim shares following the amalgamation news of its subsidiary.
Recently, the Supreme Court of Bangladesh has approved the amalgamation of its subsidiary Holcim Cement (Bangladesh) with its parent company LafargeHolcim during the week.
According to the DSE data, some 19.52 million shares of LafargeHolcim were traded, generating a turnover of 752 million, which was 3.25 per cent of the week’s total turnover of Tk 23.10 billion.
The multinational cement manufacturer’s share closed at Tk 36.20 on Thursday, the last trading session of the week, losing 5.97 per cent over the previous week. Its share traded between Tk 30.70 and Tk 49.20 in the last one year.
The company’s consolidated earnings per share (EPS) stood at Tk 0.33 for July-September, 2019 as against negative Tk 0.03 for July-September, 2018.
In nine months for January-September, 2019, its consolidated EPS was Tk 1.01 as against Tk 0.42 for January-September, 2018.
The LafargeHolcim, which was listed on the DSE in 2003, disbursed 10 per cent cash dividend for the year ended on December 31, 2018.
The company’s paid-up capital is Tk 11.61 billion and authorised capital is Tk 14 billion while total number of securities is 1.16 billion.
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