Tuesday 17 September, 2019

Barita Investments led gains during last week’s trading

Barita Investments Limited (BIL) led weekly gains on the Jamaica Stock Exchange (JSE).

BIL increased by 33.9 per cent during the week to close at $18.78. The company was recently majority sold to a company called the Cornerstone group. The sale was structured in such a way as to keep more than 20 per cent of total shares on the JSE to remain listed. 

It was followed by a 9.3 per cent gain from Scotia Group Jamaica to close at $63.74. Scotia benefited from the release of its financial results which prompted increased trading up of the stock.

The JSE Index advanced by 710.76 points (0.20 per cent) to close at 352,221.51. The JSE All Jamaican Composite Index advanced by 780.11 points (0.20 per cent) to close at 386,583.74.

Overall Market activity resulted from trading in 52 stocks of which 17 advanced, 15 declined and 20 traded firm.

Market volume amounted to 34,948,117 units valued at over $602,382,198.16. JMMB Group 7.50per cent was the volume leader with 7,825,000 units (22.39per cent) followed by WISYNCO Group Limited with 6,274,664 units (17.95per cent) and Sagicor Group Jamaica with 4,841,741 units (13.85per cent).

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