138 Student Living to open Thursday's trading at $4
138 Student Living Limited (138SL), which builds modern dorms at the University of the West Indies, will open Thursday at $4 - but there are no bids to support that price.
The stock led gains during Wednesday’s trading on the Jamaica Stock Exchange (JSE), up 23 per cent to close at $4. Shareholders are willing to depart with their 138SL stock at $4, but the highest bidders are at $2.81.
The gains on the day were followed by Sterling Investments up 10 per cent to close at US$0.03.
Meanwhile, Lasco Financial declined 10 per cent to close at $4.34, followed by Jamaica Producers down 9.4 per cent to close at $22.59.
The JSE Combined Index declined by 2,436.30 points (0.48 per cent) to close at 503,617.24; the JSE Index declined by 2,465.01 points (0.48 per cent) to close at 507,546.85.
The JSE All Jamaican Composite Index declined by 2,717.19 points (0.48 per cent) to close at 557,689.78, and the JSE Select Index declined by 45.79 points (0.35 per cent) to close at 13,183.19.
Further, the JSE Cross Listed Index declined by 0.15 points (0.18 per cent) to close at 84.52; the Junior Market Index declined by 15.61 points (0.46 per cent) to close at 3,397.71, and the JSE USD Equities Index declined by 0.45 points (0.23 per cent) to close at 198.46.
The JSE Financial Index declined by 0.69 points (0.50 per cent) to close at 138.52, and the JSE Manufacturing & Distribution Index declined by 1.15 points (1.17 per cent) to close at 97.11.
Overall Market activity resulted from trading in 68 stocks of which 23 advanced, 37 declined and 8 traded firm.
Market volume amounted to 34,773,363 units valued at over $386,132,481.05. Stanley Motto was the volume leader with 13,031,677 units (37.48 per cent) followed by Wigton Windfarm with 5,932,827 units (17.06 per cent) and Sagicor Select with 4,055,288 units (11.66 per cent) .