Ten biggest listed cos grab 37pc market cap of DSE

Ten largest listed companies by market value accounted for 37 per cent of the total market capitalisation of Dhaka Stock Exchange as of Wednesday despite price erosion of their stock.
The total market cap of the DSE now stands at approximately Tk 5,081 billion, with the top 10 large-cap firms having a combined market value of around Tk 1,875 billion, according to statistics available with the DSE.
Market capitalisation, or market cap, is calculated by multiplying the total number of a company's outstanding shares with the current market price of shares.
Grameenphone (GP), the largest listed firm with a market cap of Tk 387.54 billion, grabbed 7.62 per cent of the market cap of the prime bourse. Its share closed at Tk 286.80 on Wednesday.
The largest mobile phone operator's share, however, fell 8.40 per cent in two months after the telecom regulator imposed a ban on the sale of GP SIM cards citing its failure to provide quality service.
Walton Hi-Tech Industries PLC, listed with the country's stock market in 2020, emerged as the second largest listed company.
The home-grown leading electronics and home appliance manufacturer's market cap stood at Tk 317.80 billion, grabbing 6.25 per cent of the DSE's total market capitalisation.
Walton become the second largest listed company in four months after its listing riding on its business growth and extremely low float of shares, market insiders said.
The Walton offloaded less than 1.0 per cent of shares and raised a capital of Tk 1.0 billion under the book-building method.
The British American Tobacco's market cap stood at Tk 280.37 billion, which was 5.52 per cent of the DSE's total market cap. The tobacco manufacturer's shares closed at Tk 518.70 each on Wednesday.
Square Pharmaceuticals clinched the fourth spot in terms of market cap. The drugmaker's market cap stood at Tk 188.64 billion, capturing 3.71 per cent of the DSE's total market cap. The company's shares closed at Tk 212.60 on Wednesday.

Robi Axiata, the country's second largest telecom operator, emerged as the fifth largest market-cap company. Its total market value stood at Tk 157.14 billion.
Robi entered the stock market with the largest-ever IPO in Bangladesh's capital market history on December 24, 2020. Its share closed at Tk 30 on Wednesday.
Renata, another drugmaker with a market value of Tk 139.90 billion, grabbed 2.75 per cent of the total market cap of the DSE. Its share closed at Tk 1,303.20 on Wednesday.
The next four biggest market-cap firms are United Power Generation and Distribution Company, Beximco, LafargeHolcim and Berger Paints, capturing 2.67 per cent, 2.06 per cent, 1.61 per cent and 1.60 per cent respectively of the DSE's total market cap, the DSE data show.
Meanwhile, the DSE market cap-to-GDP ratio stood at 13.2 at the end of the fiscal year (FY) 2022 as against 18.4 per cent in the previous financial year.
This ratio remained low in the region as DSE is an equity-based market, said a merchant banker.
"This ratio is insignificant in comparison with the emerging and developed countries," he said.
However, he said, the market cap-to-GDP ratio will increase once the Treasury Bonds (T-Bonds) make their debut trading on the bourses. The process of introduction of T-Bonds on the bourses is on the final stage.
DSEX, the prime index of the DSE, plunged 802 points or 11.38 per cent in the past six months to August 17 as major stocks suffered losses amid global economic uncertainties fuelled by the ongoing Russia-Ukraine war.
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