British American Tobacco Bangladesh Limited, a prominent entity listed on the Dhaka Stock Exchange under Category A, experienced a significant development on Sunday, March 4, as the regulatory floor price constraint on the company was lifted.
Prior to this change, the share price of the company was at Tk 518.70 paisa. However, with the removal of the floor price, the share price witnessed a decline of Tk 38.90 paisa, equivalent to 7.5%, settling at Tk 479.80 paisa. This shift also led to a reduction in Market Capitalization by 2100 crore taka, bringing it down to 25,909 crore taka.
The following day, the share price experienced another notable plunge, dropping by Tk 39 or 8.13% to reach Tk 440.80 paisa. Consequently, the market capitalization witnessed a further decrease of Tk 2,080 crore, standing at 23,829 crore taka.
In the aftermath of the removal of the floor price restriction on British American Tobacco (BAT) Bangladesh, the company, ranking as the second-largest stock, observed a substantial trading volume of 843 crore 72 lakh taka shares on that particular day. Among the issues traded, 102 saw an increase, 232 witnessed a decline, and 63 remained unchanged. Additionally, the benchmark DSEX experienced a decline of 44.10 points, reaching 6,131 points.
