Regent Textile emerged as the worst loser on Thursday following information that the securities’ regulator formed a probe committee to investigate into the recent price hike of the company stocks.Bangladesh Securities and Exchange Commission (BSEC) formed committee the previous day to investigate into recent ‘unusual’ increase in share prices of Regent Textile and Tung Hai Knitting & Dyeing.Market insiders said both companies featured in the day’s top losers’ list following the news with Regent topping the chart with 9.61 per cent loss.The day’s top ten losers were Regent Textile, Kay & Que, Pacific Denims, Dulamia Cotton, FAS Finance, Kohinoor Chemicals, SEML IBBL Shariah Fund, Phoenix Finance, IPDC Finance and Tung Hai Knitting.According to the statistics available with the DSE, the share price of Regent Textile hovered between Tk 28.10 and Tk 31, before closing at Tk 28.20 on Thursday – thereby registering a decline of 9.61 per cent compared to the previous day.In response to a recent DSE query, the company informed that there’s no undisclosed price sensitive information of the company for recent unusual price hike.Regent Textile, which was listed with the Dhaka bourse in December 2015, disbursed 10 cent cash and 5.0 per cent stock dividend for the period of 18 months that ended on June 30, 2016.The company’s second quarter (Q2) earnings per share (EPS) stood at Tk 0.25 for October-December, 2016 as against Tk 0.15 for the same period a year ago.The company’s paid-up capital is Tk 1.15 billion and authorised capital is Tk 1.50 billion while the total number of securities is 115.50 million.The sponsor-directors own 54.54 per cent stake in Regent Textile while institutional investors own 6.99 per cent, and general public 38.47 per cent as on April 30, 2017, according to DSE data.Kay & Que was the second worst loser, shedding 7.60 per cent to close at Tk 52.30 each.Pacific Denims emerged as the third worst loser, slumping by 6.03 per cent to close at Tk 21.80 each.Dulamia Cotton witnessed a 5.88 per cent loss. The company’s share price closed at Tk 8.0 each on the DSE.FAS Finance was the fifth biggest loser of the day, plunging by 5.65 per cent. The company’s share price ultimately closed at Tk 16.70 each.Kohinoor Chemical emerged as the sixth worst loser, plunging by 5.16 per cent or Tk 21.80 each to close at Tk 400.90 each.SEML IBBL Shariah Fund was the seventh worst loser, shedding 5.10 per cent to close at Tk 9.30.Share price of Phoenix Finance fell 5.05 per cent to close at Tk 24.20 each, followed by IPDC Finance shedding 5.0 per cent to close at Tk 39.90 each.Tung Hai Knitting was also included in the top ten losers’ chart, shedding 4.22 per cent to close at Tk 15.90 each.
