Tuesday 31 March, 2020

138 Student Living, Jetcon and Ciboney led gains on Thursday

138 Student Living, Jetcon Corporation, and Ciboney led double-digit gains on Thursday’s trading of the Jamaica Stock Exchange (JSE).

138 Student Living gained 29.5 per cent to close at $8.07, with a fairly steady volume of 183,238 units.

Shares were quickly gobbled up from the start of trading from the $6 region to its current price. 

138SL will start trading on Friday at $8.01, but holders of the stock want a minimum of $9 to sell while buyers are bidding at $8.43.

Jetcon gained 21 per cent to close at $1.58, which was a slight lift from 52-week lows. Meanwhile, Ciboney gained 20 per cent on the day to close at $0.12.

Honey Bun led declines down 10 per cent to close at $6.54.

The JSE Combined Index declined by 944.76 points (0.20 per cent) to close at 480,508.89 and the JSE Index declined by 1,263.11 points (0.26 per cent) to close at 487,188.44.

The JSE All Jamaican Composite Index declined by 1,407.36 points (0.26 per cent) to close at 535,140.90.

The JSE Select Index declined by 35.22 points (0.28 per cent) to close at 12,481.62 and the JSE Cross Listed Index advanced by 0.44 points (0.49 per cent) to close at 90.55.

The Junior Market Index advanced by 19.74 points (0.66 per cent) to close at 2,996.89. The JSE USD Equities Index advanced by 1.56 points (0.68 per cent) to close at 232.21. The JSE Financial Index declined by 0.45 points (0.34 per cent) to close at 132.11.

The JSE Manufacturing & Distribution Index declined by 0.45 points (0.48 per cent) to close at 92.58.

Overall Market activity resulted from trading in 79 stocks of which 35 advanced, 33 declined and 11 traded firm.

Market volume amounted to 21,654,750 units valued at over $142,966,203.32. Wigton Windfarm Limited Ordinary Shares was the volume leader with 6,699,012 units (30.94per cent) followed by Sagicor Select Funds Limited - Financial with 3,366,731 units (15.55per cent) and Sagicor Select Funds Limited Manufacturing & Distribution with 3,327,530 units (15.37per cent).

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