Coppertech grabs all attention in Dhaka bourse

Image: Bizbangladesh.net
Trading of the much-talked-about shares of Coppertech Industries began on the Dhaka Stock Exchange yesterday with a whopping 355 percent rise in its price.

The last trading price of Coppertech shares were Tk 45.50, up from its face value of just Tk 10.

However, DSEX, the benchmark index, fell 13 points due to decline in share prices of telecom, energy and textile sectors.

Coppertech was the most traded share with a turnover of over Tk 31 crore, followed by Squre Pharma at Tk 27 crore.

Among the major sectors, telecom, food, bank, energy, textile, non-bank financial institutions, engineering and non-life insurance decreased yesterday, while pharmaceuticals, cement and life insurance increased.

National Life Insurance led the gainer list with a 4 percent rise in its share price, followed by Titas Gas, IPDC Finance, Bank Asia and Square Pharma.

Grameenphone was the major loser with a 4.7 percent fall in its price, mainly due to adjustment of cash dividend. Coppertech Industries, which earlier was denied listing by the DSE due to alleged irregularities in its financial statements, was the most talked-about item yesterday.

The Chittagong Stock Exchange on May 23 approved the company’s listing.
Source: https://www.thedailystar.net

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