Wednesday 3 June, 2020

Blue Power records strong gains, as other junior stocks fall

Blue Power Group was the main advancer during Monday’s trading on the Jamaica Stock Exchange. 

The soap manufacturer gained 23 per cent to close at $8.43.

No other stock made double-digit gains, as Caribbean Cream and other junior stocks registered heavy declines, sending the Combined Index lower by 0.58 per cent.

On the losing side, dips included Caribbean Cream down 20 per cent, Medical Disposables down 19.5 per cent, IronRock down 15 per cent, Consolidated Bakeries down 14.5 per cent, Ciboney down 14 per cent, and tTech down 10 per cent.

The Financial Index also declined, down 1.0 per cent due mainly from declines of all the Sagicor branded stocks, including Sagicor Group down 4.2 per cent, Sagicor Select Funds down 1.6 per cent and Sagicor X Fund down 1.0 per cent.

Overall market activity resulted from trading in 67 stocks of which 26 advanced, 35 declined and six traded firm.

The JSE Combined Index declined by 3,020.70 points (0.58 per cent) to close at 513,612.11 and the JSE Index declined by 2,986.09 points (0.57 per cent) to close at 516,963.09.

The Junior Market Index declined by 25.29 points (0.71 per cent) to close at 3,520.91. The JSE USD Equities Index declined by 1.17 points (0.60 per cent) to close at 192.88. The JSE Financial Index declined by 1.49 points (1.05 per cent) to close at 140.53.

Market volume amounted to 28,749,878 units valued at over $352 million. Wigton Windfarm was the volume leader with 14,034,801 units (48.82per cent) followed by JMMB Group with 4,761,853 units (16.56per cent) and Sagicor Select Funds with 3,696,281 units (12.86per cent).



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