Friday 18 October, 2019

Carib Cement led gains following strong earnings report

Caribbean Cement Company (CCC) and Sagicor Group Jamaica led with double-digit gains in Monday’s trading of the Jamaica Stock Exchange (JSE) .

CCC gained 11 per cent to close at $72.09 following stellar results released on the weekend with first quarter earning per share moving to $1.33 from $0.39 a year earlier.

Sagicor gained 10 per cent to close at $45.38.

Main Event Entertainment was the main loser, down 13 per cent to $5.03 on the first trading day following Carnival activities, from which it earns substantial income providing rig and stage equipment.

The JSE Combined Index advanced by 7,758.69 points (1.99 per cent) to close at 396,817.93. The JSE Index advanced by 8,518.11 points (2.20 per cent) to close at 396,523.86. The JSE All Jamaican Composite Index advanced by 9,373.64 points ( 2.20 per cent) to close at 435,257.80.

The Junior Market Index declined by 6.39 points (0.22 per cent) to close at 2,964.43. The JSE USD Equities Index closed at 177.64 The JSE Financial Index advanced by 1.62 points ( 1.64 per cent) to close at 100.65.

Overall Market activity resulted from trading in 56 stocks of which 25 advanced, 19 declined and 12 traded firm.

Market volume amounted to 5,166,411 units valued at over $364.7 million. NCB Financial was the volume leader with 2,122,314 units (41.08per cent)  followed by Jamaica Producers Group with 343,580 units (6.65per cent) and Eppley Pref shares 2024 with 295,409 units (5.72per cent) .

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