C2W Music led with double-digit gains in Monday’s trading of the Jamaica Stock Exchange (JSE).
The stock gained 62 per cent to close at $1.26 on the day. It follows news of the rescue plan by Stocks & Securities Limited. The stock more than doubled in price since closing at $0.50 on June 22.
Also on Monday, Derrimon Trading gained 9.5 per cent to close at $15, an all time high.
The JSE Combined Index declined by 1,309.98 points ( 0.42 per cent) to close at 312,937.82. The JSE Index declined by 1,740.51 points ( 0.57 per cent) to close at 303,995.85.The JSE All Jamaican Composite Index declined by 1,910.31 points ( 0.57 per cent) to close at 333,653.33. The JSE Select Index advanced by 21.10 points ( 0.23 per cent) to close at 9,116.77. The Junior Market Index advanced by 26.14 points ( 0.86 per cent) to close at 3,063.70. The JSE USD Equities Index advanced by 0.04 points ( 0.03 per cent) to close at 155.04.
Overall Market activity resulted from trading in 49 stocks of which 19 advanced, 24 declined and six traded firm.
Market volume amounted to 4,720,465 units valued at over $36,377,930.09. WISYNCO was the volume leader with 1,365,496 units (28.93per cent) followed by Lasco Distributors Limited with 676,262 units (14.33per cent) and Pulse Investments Limited with 545,254 units (11.55per cent).