Federal Insurance Company Limited (FICL) share price rose by 41.57 percent in a single week as the traders in the Dhaka Stock Exchange (DSE), are buying large portfolio sectors specially insurance sectors.
According to sources, the average daily turnover of the company last week was Tk 11 crore 92 lakh 19 thousand 600 taka. At the end of the week, the total transaction amount was Tk 59 crore 80 lakh 96 thousand.
Meanwhile, on the last working day, the company’s share price increased by 7.62 percent or Tk 70.80 on the DSE and changed hands at the last Tk 24, with a closing price of Tk 23.50. During the day, 50 lakh 12 thousand 643 shares were exchanged a total of two thousand 648 times, with a market value of Tk 11 crore 15 lakh 20 thousand. During the day, the share price changes from a minimum of Tk 21 to 10 paise to a maximum of Tk 24. In the last one year, the share price has changed from Tk 8 90 to Tk 24.
After reviewing the audited financial statements of the investors for the financial year ended December 31, 2019, it has declared a cash dividend of five percent. The earnings per share (EPS) for the period under review was 8 paisa and the net asset value per share (NAV) stood at Tk 11.57 on December 31, 2019. The same period last year the NAV was paise and Tk 10. 93 respectively. In this financial year, the cash flow per share has been one taka .46 paisa, which was one taka two paise in the previous year.
The company was listed on the stock exchange in 1995 and is currently in the ‘B’ category. The paid up capital is Tk 8 crore 75 lakh 60 thousand as against the authorized capital of Tk 100 crore. The amount of reserve is six crore 26 lakh rupees. According to the latest DSE data, the company has a total of 6 crore 8 lakh 57 thousand 605 shares. Of the total shares of the company, 36.11 per cent are held by entrepreneurs and managers, 2.65 per cent by institutional investors and the remaining 59.04 per cent by ordinary investors.
The price-to-earnings ratio is 45.19 on the basis of the latest annual report and market price and 26.98 on the basis of unaudited financial report.
Rupali Insurance Company Limited is in the second place in the list. The share price of this ‘A’ category company has increased by 36.21 percent. During the week under review, the company had a daily turnover of Tk 19 crore 85 lakh 84 thousand 600. And 98 crore 8 lakh 63 thousand shares have been traded in the whole week.
Third on the list is Nitol Insurance Company Limited. The share price of the A-category insurance company has risen by 33.33 percent. During the week under review, the company had a daily turnover of Tk 18 crore 13 lakh 69 thousand 200. And 90 crore 79 lakh 46 thousand shares have been traded throughout the week.
Next in line is A-category Eastern General Insurance Company Limited, which has gained 31.53 percent. During the week under review, the company had a daily turnover of Tk 15 crore 46 lakh 41 thousand 200. And 6 crore 32 lakh zero six thousand taka shares have been traded throughout the week.