Friday, September 17, 2010

Paramount extends gains

KUALA LUMPUR: Shares of Paramount Corp Bhd extended their gains on Friday, Sept 17 on expectations it would be able to pay out a special dividend from the sale of its stake in Jerneh Insurance Bhd.

At 9.13am, it was up eight sen to RM4.31 with 103,900 shares done.

The FBM KLCI rose 5.66 points to 1,478.61. Turnover was 55.2 million shares done valued at RM88 million. There were 144 gainers, 41 losers and 110 stocks unchanged.

The Edge FinancialDaily reports that Paramount will be in a position to dish out a special dividend as a result of the RM131 million proceeds raised from the sale of its 20% stake in Jerneh Insurance.

No comments:

Post a Comment