Caribbean Assurance gains 30 per cent during its first trading day
Caribbean Assurance Brokers led double-digit gains during Monday’s trading of the Jamaica Stock Exchange (JSE).
On its first day of trading since listing,the company gained 30 per cent to close at $2.49. It was followed by Scotia Group Jamaica, up 20 per cent to close at $54.27, followed by Firstrock Capital, up 10 per cent to $11.57.
On the losing end was Honey Bun, down 24 per cent to $4.51.
The JSE Combined Index advanced by 2,513.89 points (0.59 per cent) to close at 427,295.25 and the JSE Index advanced by 4,382.37 points (1.01 per cent) to close at 436,435.40.
The JSE All Jamaican Composite Index advanced by 4,841.49 points (1.02 per cent) to close at 479,172.89. The Junior Market Index declined by 137.68 points ( 5.43 per cent) to close at 2,396.82.
On the other hand, the JSE USD Equities Index declined by 1.37 points ( 0.65 per cent) to close at 210.42.
The JSE Financial Index advanced by 2.13 points (1.80 per cent) to close at 120.25 but the JSE Manufacturing & Distribution Index declined by 1.03 points (1.30 per cent) to close at 78.19.
Overall Market activity resulted from trading in 84 stocks of which 14 advanced, 63 declined and seven traded firm.
Market volume amounted to 41,831,059 units valued at over $270,558,794.01. Mailpac Group was the volume leader with 10,135,145 units (24.23per cent) followed by Sagicor Real Estate XFund. with 9,592,783 units ( 22.93 per cent) and Wigton Windfarm with 9,527,457 units (22.78 per cent) .