CPJ shareholder sells some $34 million worth of shares on Wednesday
A mini block trade in Caribbean Producers Jamaica (CPJ) led volumes on Wednesday's trading of the Jamaica Stock Exchange (JSE).
Total market volume amounted to $107 million. CPJ was the volume leader with over 5.27 million units or over half the day's total volumes. The stock closed at $6.50 and the trade would represent roughly $34 million. The second largest volume for the day went to Sagicor Group Jamaica Limited with some 900,000 units (8.78 per cent) and 1834 Investments Limited with 624,732 units (6.1 per cent).
The top stocks gaining ground included 1834 Investments and Pulse Investments up 10.5 per cent and 7.0 per cent respectfully. While Access led declines down 12 per cent to close at $41.
The JSE Combined Index declined by 1,490.57 points ( 0.46 per cent) to close at 322,240.55, while JSE Index declined by 844.49 points ( 0.27 per cent) to close at 313,858.48. The Junior Market Index declined by 65.25 points (2.07 per cent) to close at 3,085.65. The JSE USD Equities Index closed at 154.43.
Overall Market activity resulted from trading in 49 stocks of which 12 advanced, 27 declined and 10 traded firm.