Grameenphone (GP), the largest company by capital, dominated the Dhaka bourse's turnover chart on Wednesday while ten most-traded stocks accounted for 22 per cent transaction.
Market analysts said GP share continued to plummet after the news that GP has to operate without respite and pay remaining Tk 10 billion within 90 days.
A leading broker said the investors were scared of the financial implications of the payment of Tk 20 billion to the BTRC on the company's balance sheet this year.
Accordingly, GP share price plunged 9.86 per cent or Tk 31.50 within three trading sessions to close at Tk 288.10 each on Wednesday.
According to data available with the DSE, about 579,114 shares of GP were traded, generating a turnover of nearly Tk 166 million, which was 2.64 per cent of the day's total turnover of Tk 6.27 billion.
The lone listed telecom company's share closed at Tk 288.10 on Wednesday, losing 1.47 per cent over the previous session.
The GP, which was listed on the DSE in 2009, declared 40 per cent final cash dividend, including 90 per cent interim cash dividend for the year ended on December 31, 2019.
In 2018, the company disbursed total 280 per cent cash dividend.
The company's paid-up capital is Tk 13.50 billion and authorised capital is Tk 40 billion while the total number of securities is 1.35 billion.
The sponsor-directors own 90 per cent stake in the company, while institutional investors own 4.05 per cent, foreign investors 3.81 per cent and the general public 2.14 per cent as of January 31, 2020, the DSE data showed.
Indo-Bangla Pharma came second on the turnover chart, with shares worth Tk 164 million changing hands. The company's share price fell 1.54 per cent to close at Tk 25.50 each.
The VFS Thread Dyeing clinched the third spot, with shares worth Tk 157 million changing hands. The company's share closed at Tk 29.80, gaining 5.30 per cent.
Brac Bank emerged fourth with shares worth Tk 155 million changing hands. The bank's share price plunged 9.53 per cent to close at Tk 38.90 each.
National Polymer notched the fifth spot, with shares worth Tk 125 million changing hands. Its share closed at Tk 73.50, gaining 2.79 per cent.
The turnover of Rangpur Dairy was Tk 123 million. The company's share price rose 2.53 cent to close at Tk 16.20 each.
LafargeHolcim featured a turnover of Tk 117 million. The company's share closed at Tk 44.40, losing 2.63 per cent.
The turnover of Orion Infusion was Tk 116 million. Its share price advanced 1.25 per cent to close at Tk 88.80 each.
The Square Pharma featured a turnover of Tk 112 million. The company's share closed at Tk 197.10, losing 1.50 per cent.
Golden Harvest Agro Industries also made its way to the day's top turnover chart, with shares worth Tk 111 million changing hands. The company's share price shed 2.58 per cent to close at Tk 22.60 each.
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