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Food & allied best sector on Dhaka Stock Exchange in 2013

Logo-DSEFood & allied sector was the best performing sector in 2013 as it gave more than 90% return, says Lanka Bangla Securities in an analysis.

The sector is largely dominated by BATBC that accounts for 76% of the sector capitalisation. Its stock prices gained 91% in 2013.

“BATBC’s rally was supported by its 16% growth in net profit,??? said the brokerage firm in its Bangladesh Stock Market Yearly Review 2013 released yesterday.

Apart from BATBC, some small cap stocks like CVO Petrochemicals Refinery and Rahima Food posted 295% and 287% return respectively. The three companies from food & allied sector was also the best performing companies on the Dhaka Stock Exchange in 2013.

The three are CVO Petrochemicals Refinery, Rahima Food and Bangas despite their poor performance.

Second highest major gaining sector was Pharmaceuticals with a rise of almost 40%, driven by Kohinoor Chemicals, Marico Bangladesh, GlaxoSmithKline Bangladesh and Square Pharmaceuticals that gained 146.7%, 100.4%, 67.7% and 57.9% respectively.

The engineering sector rally was mostly dominated by the Olympic Industries with 124.5% gain in the market capitalisation. Among engineering sector stocks, Singer Bangladesh posted 42.3% return.

Among the major sectors, top losing sectors were bank and ceramics sector with 13.48% and 10% losses in their capitalisation respectively.

The banking sector loss of capitalisation is mainly due to 47.6% fall in net profit in the first nine months of 2013.

The fall was dominated by National Bank, Exim Bank, Shahjala Islami Bank and Premier Bank with 46.6%, 31.8%, 29.3% and 26% respectively.

 

– Source: Dhaka Tribune

– See more at: http://www.dhakatribune.com/stock-market/2014/jan/07/food-allied-best-sector-dse-2013#sthash.lPywTei9.dpuf

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