Fu

FE REPORT

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Fu-Wang Food topped the turnover chart for the fifth straight week to Thursday, as small-cap companies continued to dominate the transaction chart on the Dhaka Stock Exchange (DSE).

The ten most-traded firms, mostly small-ones, accounted for almost 30 per cent or Tk 13.76 billion of the week's total turnover.

Fu-Wang Food topped the turnover chart again as the cautious investors opted to book profits on its shares after the recent price surge.

Fu-Wang Food stock took-off from the floor a month earlier and price surged more than 85 per cent just two weeks to July 16. After that, the company's stock started to decline amid profit booking sell-offs.

Due to profit booking, the company's stock price plunged 9.70 per cent in the outgoing week, becoming the week's fifth highest loser.

According to the DSE data, some 34.40 million Fu-Wang Food shares were traded during the week, generating a turnover of Tk 1.41 billion, which was 4.76 per cent of the week's total turnover.

The week's total turnover stood at Tk 29.64 billion, down from Tk 32.57 billion in the week before.

Sea Pearl Beach Resorts came second on the turnover list, with shares worth Tk 1.08 billion changing hands. The medical equipment manufacturer's stock price soared 7.87 per cent to Tk 83.60 riding on the news that the company has decided to form a new subsidiary named "JMI Specialized Hospital Limited."

The newly formed subsidiary will have an authorised capital of Tk 500 million and a paid up capital of Tk 200 million wherein the company shall hold 65 per cent shares.

Bangladesh Spinning Corporation emerged as the fourth, with shares worth Tk 972 million changing hands. The corporation's stock price rose 2.27 per cent to close at Tk 121.70 on Thursday.

Delta Life Insurance notched the fifth spot, with shares worth Tk 828 million changing hands. The life insurer's stock closed at Tk 144.30, losing 9.25 per cent over the previous week.

The turnover of Khan Brother PP Woven Bag Industries was Tk 792 million. The small-cap company's share price dropped 6.61 per cent to close at Tk 32.50 on Thursday.

Continental Insurance featured a turnover of Tk 704 million. The company's share closed at Tk 48.40 on Thursday, rising 11 per cent over the week before.

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