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Weekly Review

MNCs see mixed performance

February 02, 2020 00:00:00

FE Report

Listed multinational companies (MNCs) performed mixed in last week amid price corrections witnessed by many local companies.

The local companies witnessed price corrections as their earnings declined for October-December, 2019.

On the other hand, the share rice of above 50 per cent listed MNCs advanced in five sessions executed in last week on the Dhaka Stock Exchange (DSE).

The companies which witnessed price appreciation are Marico Bangladesh, Berger Paints Bangladesh, Bata Shoe Company, Reckitt Benckiser (Bd.), and British American Tobacco Bangladesh Company.

Of the MNCs, the share price of LafargeHolcim Bangladesh advanced 12.27 per cent or Tk 5.5 and closed at Tk 50.30 each on Thursday.

Of other companies, the share price of Grameenphone declined 5.22 per cent or Tk 14.20 to close at Tk 257.80 each as the company recommended lower dividend for the shareholders.

At the end of the week, the share price of Marico Bangladesh closed at Tk 1699.90 each with a rise of 2.63 per cent or Tk 43.60.

The company also reported its EPS of Tk. 19.68 for October-December 2019 as against Tk. 16.47 for October-December 2018.

The share price of Berger Paints Bangladesh rose 1.45 per cent or Tk 20.20 to close at Tk 1407.80 each on Thursday.

The price of Bata Shoe Company (Bangladesh) advanced 2.55 per cent or Tk 18.80 to close at Tk 753.60 each.

The price of Heidelberg Cement Bangladesh closed at Tk 150.60 each on Thursday with a loss of 5.63 per cent or Tk 9.0 from the closing price of the previous week.

The share price of Reckitt Benckiser (Bd.) advanced 2.39 per cent or Tk 70 to close at Tk 3009.40 each on Thursday.

The price of GlaxoSmithKline (GSK) Bangladesh closed at Tk 1730.8 each on Thursday with a rise of 4.67 per cent or Tk 77.30.

On Thursday, the share price of British American Tobacco Bangladesh Company closed at Tk 1073.40 each with a rise of 4.04 per cent or Tk 41.70 from the closing price of the previous week.

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