Most of the listed multinational companies (MNCs) lost share prices ranging between 1.0 per cent and 5.4 per cent in last week amid the price correction witnessed by most of the local companies.
The Dhaka Stock Exchange (DSE) continued declining trend in all sessions executed in last week following investors' panic sales.
As a result, the DSE broad index DSEX witnessed moderate correction and hit 35-month low.
The impact of the declining market trend was also reflected in the prices of the shares of listed MNCs.
Of the listed MNCs, Heidelberg Cement Bangladesh witnessed the highest price correction on the premier bourse DSE.
The company's share price declined 5.4 per cent in four sessions to close at Tk 196.40 each.
The share price of RAK Ceramics (Bangladesh) declined 3.9 per cent to close at Tk 29.60 each.
Grameenphone declined 3.5 per cent to close at Tk 333 each.
The share price of British American Tobacco Bangladesh Company (BATBC) declined 2.9 per cent to close at Tk 1108.3 each.
Of other MNCs, the share price of LafargeHolcim Bangladesh declined 3.6 per cent, Linde Bangladesh 2.7 per cent, Reckitt Benckiser (Bd.) 2.0 per cent, Bata Shoe Company (Bangladesh) 1.9 per cent, Berger Paints Bangladesh 1.0 per cent and Singer Bangladesh 1.0 per cent.
Two MNCs, however, witnessed price appreciation in last week on the premier bourse DSE.
The companies are GlaxoSmithKline(GSK) Bangladesh and Marico Bangladesh.
The share price of GlaxoSmithKline(GSK) Bangladesh rose 1.3 per cent to close at Tk 1674 each.
On the other hand, the share price of Marico Bangladesh closed at Tk 1742.30 each with a rise of 0.4 per cent in last week.
Of the MNCs, Grameenphone and British American Tobacco Bangladesh Company have notable impact on index movement due to their large market capitalisation. These two companies and other local large cap ones played a pivotal role behind the correction observed in market capitalisation in last week.
Over the week, the market capitalisation declined 2.51 per cent or above Tk 93.88 billion in four sessions executed on the DSE.
In 2019, the market capitalisation reached the peak on January 29. Later, the DSE displayed repeated corrections in share prices of the listed securities and the market capitalisation also declined gradually.
On Thursday, the DSE's market capitalisation came down to above Tk 3.63 trillion, which was 16 per cent less than the market capitalisation observed on January 29 last.
[email protected]
