1834 Investments up 13% to lead JSE gains
Property management firm 1834 Investments, formerly the Gleaner, led with double digit gains during trading on the Jamaica Stock Exchange (JSE) Tuesday.
The company's shares jumped 13 per cent to $1.13 on the heels of the release of its positive first-quarter financials on Monday. The profit put earning per share (EPS) at one and a half cents when compared to nearly one cent last year.
That was enough growth to spur the stock higher with bids at $1.20 at the close of trading. The stock has a 52 week high of $1.25 from last September.
Also on Tuesday, Lasco Manufacturing gained 11 per cent to close at $5.72 and General Accident gained 10.9 per cent to close at $6.33. Jamaica Producers led declines, down 12 per cent to $23.61.
The JSE Combined Index declined by 1,032.47 points ( 0.20 per cent) to close at 519,744.51.
The JSE Index declined by 1,629.91 points ( 0.31 per cent) to close at 522,536.94.
The JSE All Jamaican Composite Index declined by 1,796.97 points ( 0.31 per cent) to close at 573,936.41. The Junior Market Index advanced by 42.58 points ( 1.19 per cent) to close at 3,613.39. The JSE USD Equities Index declined by 1.55 points ( 0.81 per cent) to close at 190.56.
The JSE Financial Index declined by 0.21 points ( 0.15 per cent) to close at 142.71.
Overall Market activity resulted from trading in 69 stocks of which 29 advanced, 31 declined and nine traded firm.
Market volume amounted to 29,201,398 units valued at over $128.2 million. Sagicor Select was the volume leader with 12,817,758 units (43.9 per cent) followed by Wigton Windfarm with 9,237,205 units (31.63per cent) and JMMB Group Ltd 7.50per cent with 1,227,750 units (4.