Most of the sectors showed negative performances last week that ended Thursday as cautious investors preferred to book profit on sector-specific issues.
Of the 19 sectors listed with the prime bourse, except corporate bonds, debenture and treasury bonds, the market cap of 12 sectors closed lower while seven managed to close higher, according to weekly analysis of the Dhaka Stock Exchange (DSE) and LankaBangla Securities.
Among the major sectors, fuel & power sector witnessed the highest correction of 1.86 per cent as prices of 12 issues out of 18, closed lower.
Of the fuel & power issues, Khulna Power Company, posted the highest correction of 10.60 per cent, followed by MJL Bangladesh with 6.20 per cent, the state-run Power Grid Company 2.20 per cent, Linde Bangladesh 1.90 per cent, Titas Gas 1.35 per cent, Padma Oil Company 1.30 per cent and United Power 0.90 per cent.
The heavyweight telecommunication sector, with two issues - Grameenphone (GP) and Bangladesh Submarine Cable Company (BSCCL) -lost 1.44 per cent as prices of the largest market cap GP's share price plunged 1.52 per cent to close at Tk 471.40 each on Thursday, the last trading day of the week.
However, share price of BSCCL advanced 1.0 per cent to close at Tk 1104.40 on Thursday at the premier bourse.
Travel & leisure sector also lost 2.82 per cent, followed by IT 2.28 per cent, services & real estate 1.43 per cent, pharmaceuticals 1.12 per cent, miscellaneous 0.92 per cent, non-banking financial institutions 0.50 per cent, mutual fund 0.33 per cent, tannery 0.08 per cent and cement 0.06 per cent.
On the other hand, seven sectors closed higher with paper & printing witnessed the highest positive return of 10.42 per cent, followed by jute with 7.85 per cent, insurance 2.82 per cent, textile 1.50 per cent, ceramic 1.48 per cent, food & allied 0.50 per cent and engineering 0.30 per cent.
The insurance sector posted 2.82 per cent gain as 30 issues of the sector closed higher, out of 47.
Of the insurances issues, all 12 life insurance companies posted positive return with Padma Life Insurnace was the week's best performer, posting a 16 per cent gain.
Among other insurance companies, Standard Insurance posted 8.80 per cent gain, followed by Central Pharmaceuticals 8.80 per cent, Delta Life Insurance 8.0 per cent, Progressive Life Insurance 8.0 per cent, Green Delta Insurance 6.60 per cent, Prime Life Insurance 6.0 per cent, Popular Life Insurance 5.0 per cent, Sandhani Life Insurance 4.20 per cent and Sunlife Insurance.
The ceramic sector also gained 1.48 per cent as four issues of the ceramic sector closed higher, out of five listed ceramic companies.
The textile sector witnessed a 1.50 per cent positive return as 35 issues of textile sector closed higher, out of 48.
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