Paramount Textile tops transaction chart

Dhaka,  Wed,  26 July 2017
Published : 18 Jun 2017, 21:31:54
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Paramount Textile tops transaction chart

FE Report


Paramount Textile dominated the Dhaka bourse's transaction chart while top ten traded companies captured more than 28 per cent of the day's total turnover value Sunday.

The total transaction on the Dhaka Stock Exchange (DSE) stood at Tk 4.73 billion on the day, which was 11 per cent lower than the previous day.

Paramount Textile, Argon Denims, Regent Textile, Nurani Dyeing, Saif Powertec, Bangladesh Finance, United Power, LankaBangla Finance, Tosrifa Industries and Bangladesh Shipping Corporation were the most-active shares in terms of value on the DSE.

Of them, share price of five companies advanced up to 3.54 per cent while five companies share price fell up to 2.69 per cent.

According to statistics available with the DSE, some 6.13 million Paramount Textile shares were traded, generating a turnover of nearly Tk 232 million, which was 4.90 per cent of the day's total transaction value.

The textile maker's share price hovered between Tk 36.90 and Tk 38.40, before closing at Tk 38 on the day, registering an increase of 3.54 per cent over the previous day.

Paramount Textile, which was listed on the Dhaka bourse in November 2013, disbursed 10 per cent cash and 7.0 per cent stock dividend for the year ended on June 30, 2016.

The company has also reported (un-audited) third quarter earnings per share (EPS) of Tk 0.45 for January-March period of 2017 as against Tk 0.50 for the same quarter in the previous year.

In nine months for July, 2016-March, 2017, EPS was Tk 1.20 as against Tk 1.30 for July, 2015-March, 2016.

The company's paid-up capital is Tk 1.17 billion and authorised capital is Tk 2.0 billion, while the total number of securities is 117.31 million.

Sponsor-directors own 60.75 per cent stake in Paramount Textile, while institutional investors own 6.28 per cent, and general public 32.97 per cent as on May 31, 2017, the DSE data shows.

Argon Denims followed next, with shares of Tk 181 million changing hands, capturing 3.82 per cent of the day's total turnover value. The company's share closed at Tk 37.30, advancing 2.47 per cent over the previous session.

Regent Textile emerged as third with shares of Tk 169 million changing hands. It was 3.57 per cent of the total turnover value. The company's share price rose 1.08 per cent to close at Tk 27.90 each.

Recently listed Nurani Dyeing notched the fourth spot, with shares of Tk 154 million changing hands, contributing 3.25 per cent of the day's total turnover value. The company's share price closed at Tk 21.20, gaining 2.91 per cent.

Saif Powertec featured a turnover of Tk 116 million which was 2.45 per cent of the day's total transaction. The company's share price advanced 2.10 per cent to close at Tk 43.70.

The turnover of BD Finance was Tk 105 million, capturing 2.22 per cent of the day's total value. The company's share price closed at Tk 21.70, losing 2.69 per cent.

United Power featured a turnover of Tk 99 million, which was 2.10 per cent of the day's total value. The power generation company's share price fell 1.37 per cent to close at Tk 180.50.

The turnover of LankaBangla was Tk 91 million, capturing 1.92 per cent of the day's total turnover value. The company's share price closed at Tk 51.80, shedding 1.14 per cent.

Tosrifa Industries featured a turnover of Tk 87 million, which was 1.84 per cent of the day's total value. The company's share price fell 0.31 per cent to close at Tk 32.50.

Bangladesh Shipping Corporation was also included in the top ten turnover chart with shares of Tk 76 million changing hands. The company's share price closed at Tk 51.10 each, losing 1.92 per cent over the previous session.

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