Grameenphone

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Dhaka, Bangladesh (BBN)-The largest market capitalisation listed company – Grameenphone (GP) – dominated the Dhaka bourse’s transaction chart last week that ended on Thursday.

Brokers said investors were mostly active on Bangladesh’s lone listed telecommunication — GP’s shares throughout the week amid optimism.

They said that when the market went through a correction phase, a section of investor took position on fundamentally sound stocks like GP, taking it to week’s top turnover chart.

According to statistics available with the DSE, about 1.11 million shares of GP were traded, generating a turnover of BDT 516 million, which was 4.02 percent of the premier bourse’s total transaction.

The average daily turnover for the company was BDT 129 million.

Recently, the board of directors of GP has recommended 100 percent final cash dividend (i.e. total 205 percent cash dividend for the year 2017 which represents 101 percent of profit after tax for the year 2017 inclusive of 105 percent interim cash dividend which has already been paid) for the year ended on December 31, 2017.

The company has also reported earnings per share of BDT 20.31, net asset value per share of BDT 26.01 and net operating cash flow per share of BDT 42.79 for the year ended on December 31, 2017 as against BDT 16.68, BDT 24.86 and BDT 34.18 respectively for the same period of the previous year

The second largest market cap company – Square Pharmaceuticals emerged as second highest turnover leader, with shares of BDT 449 million changing hands, followed by BRAC Bank BDT 400 million, Mercantile Bank BDT 338 million, Salvo Chemical BDT 284 million, Beximco BDT 233 million.

Aamra Networks was also included in the week’s top turnover chart with shares of BDT 232 million changing hands, followed by LankaBangla Finance BDT 218 million, Queen South Textile BDT 217 million and IFAD Autos BDT 216 million.

BBN/SSR/SR