The Financial Express

Top ten firms hold 45pc market-cap of DSE

FE Online Report | Published: August 13, 2019 10:45:31 | Updated: August 17, 2019 11:02:54

Top ten firms hold 45pc market-cap of DSE

Top ten listed companies accounted for 45 per cent of the Dhaka Stock Exchange's (DSE) total market capitalisation as of June, this year thanks to strong performance.

Grameenphone (GP), the lone listed mobile phone company, grabbed 14.33 per cent market-cap alone of the prime bourse.

GP was followed by British American Tobacco Company and Square Pharmaceuticals, capturing 7.17 per cent and 6.07 respectively of the DSE's total market-cap as of June.

The next three highest market-cap grabbers are: United Power, Renata, and Brac Bank, capturing 5.23 per cent, 2.81 per cent and 2.37 per cent respectively, according to statics available from the DSE .

The next four companies, in terms of market-cap as of June, are Investment Corporation of Bangladesh, Berger Paints, Marico Bangladesh and Olympic Industries, accounting for 2.35 per cent, 1.95 per cent, 1.39 per cent and 1.37 per cent respectively.

Market analysts said the multinational companies contributed the most to the DSE market-cap as they captured one-fourth of the DSE's total market-cap.

A leading broker said all the multinational companies perform well in Bangladesh, so investors have huge appetite for their shares.

The MNCs have been doing well due to their strong fundamental, brand value, well management and quality of products which helped them to earn more, he said.

EPS of eight multinational companies, out of eleven listed with the country's capital market, rose as per un-audited financial statements for January-June, 2019.

For instance, three MNCs are among the top valued companies. But most of the MNCs that are doing business in Bangladesh are not listed in the market. The government should take initiatives to compel the companies to be listed, he said.

“The indigenous companies like Square Pharmaceuticals and United Power Generation performed admirably too,” he added.


Share if you like