Weekly sector-wise analysis

Major sectors see positive return

Major sectors see positive return 13 close higher, six face mild corrections


FE Report | Published: February 17, 2018 16:06:04 | Updated: February 19, 2018 10:07:26


Major sectors see positive return

Majors sectors witnessed a positive return this week as investors renewed their appetite for sector-wise stocks.

Thursday was the last trading day of the week.

Of the 19 sectors listed with the prime bourse, excluding corporate bonds, debenture and treasury bonds, the market capitalisation of 13 sectors ended higher, while six sectors saw mild correction, according to weekly analysis of the Dhaka Stock Exchange (DSE) and LankaBangla Securities.

Among the major sectors, textile sector posted the highest return of 4.52 per cent, followed by ceramic sector (3.82 per cent), engineering sector (2.73 per cent), banking sector (1.84 per cent) and telecommunications sector (1.0 per cent).

Out of 49 issues in the textile sector, 46 issues saw price appreciation, with 14 issues gained more than 10 per cent each.

Dacca Dyeing and Metro Spinning posted the highest gain of 20 per cent each, followed by Alltex Industries (18 per cent), Mithun Knitting (17 per cent), Tung Hai Knitting (15 per cent), Delta Spinners (13 per cent), Muzaffar Hossain Spinning Mills (11 per cent), HR Textile (11 per cent) and Al-Haj Textile (11 per cent). Tallu Spinning, Saiham Textile, Dragon Sweater and Dulamia Cotton gained 10 per cent each.

In the ceramic sector, all five companies closed higher.

Fu-Wang Ceramic posted the highest gain of 12.60 per cent, followed by Monno Ceramic Industries (10 per cent), RAK Ceramic (2.50 per cent), Standard Ceramic (1.50 per cent) and Shinepukur Ceramic (0.50 per cent).

In the engineering sector, 34 issues, out of 36, closed higher.

Anwar Galvanizing was the biggest gainer (20.20 per cent), followed by Yeakin Polymer (16.50 per cent), Western Marine Shipyard (10.90 per cent), Monno Jute Stafflers (9.80 per cent), Eastern Cables (8.90 per cent), National Polymer (8.50 per cent) and Olympic Accessories (8.40 per cent).

The heavyweight banking sector gained 1.84 per cent as prices of 26 banks, out of 30 listed banks, ended higher.

Uttara Bank posted the highest gain (11.30 per cent), followed by Brac Bank (5.50 per cent), ONE Bank (5.10 per cent), Trust Bank (4.50 per cent), Mercantile Bank (4.30 per cent), AB Bank (4.40 per cent) and Jamuna Bank (4.0 per cent).

The telecom sector, which comprises two issues, also saw 1.0 per cent gain as Grameephone advanced more than 1.0 per cent and Bangladesh Submarine Cable Company (BSCCL) gained 6.0 per cent.

On the other hand, food and allied, jute, non-banking financial institutions, pharmaceuticals, insurance and fuel and power sectors faced mild correction.

babulfexpress@gmail.com

Share if you like