Caribbean Flavours led gains during Thursday’s trading
Caribbean Flavours & Fragrances (CFF) continues to trade at an all-time high following Thursday's trading of the Jamaica Stock Exchange (JSE).
CFF makes scents and flavours for manufacturers and really has few competitors locally. The stock closed at $19.00 after 18,000 units traded hands on the heels of a million units traded over Tuesday and Wednesday, each day seeing half a million units.
Analysts say that the stock continues to benefit from favourable financials and its link to parent company Derrimon Trading, which gained 300 per cent year to date. CFF will open trading on Friday at $19 with $1.00 separating the bid and ask indicating possible consolidation of the stock.
Also on the day, General Accident and 1834 Investments made double digit gains of 16 per cent 15 per cent respectively. While Pulse and Paramount made declines of 15.4 per cent and 13.3 per cent respectively.
The JSE Combined Index declined by 49.04 points (0.01 per cent) to close at 332,217.31. The JSE Index declined by 15.17 points (0.00 per cent) to close at 323,141.63. The JSE All Jamaican Composite Index declined by 16.65 points (0.00 per cent) to close at 354,666.91.
The Junior Market Index declined by 3.19 points (0.10 per cent) to close at 3,217.58. The JSE USD Equities Index closed at 173.74
Overall Market activity resulted from trading in 57 stocks of which 28 advanced, 17 declined and 12 traded firm.
Market volume amounted to 14,270,126 units valued at over $293.4 million. Jamaica Broilers Group was the volume leader with 8,782,170 units (61.54 per cent) followed by Indies Pharma with 867,462 units (6.08per cent) and Lasco Manufacturing with 582,909 units (4.08 per cent) .