Wednesday 12 August, 2020

Eppley stock more than doubles to lead weekly gains

The thinly traded Eppley stock increased by triple digits last trading week on the Jamaica Stock Exchange (JSE).

Eppley gained over 106 per cent to close at $10.10 from $4.90. The rise occurred on Friday alone for the stock that rarely moves.

That's because it's one of the stocks tightly held by institutional investors. Prior to the Friday trade, Eppley was well below the market price to earning levels for months. This huge jump puts it closer to market valuation.

Also during the week, Medical Disposables and Supplies dipped by the greatest amount down 12.3 per cent to close at $5.70.

The JSE Combined Index declined by 816.63 points to close at 253,767.69.

The JSE Index declined by 1,876.47 points to close at 236,604.37.

The Junior Market Index advanced by 87.44 points to close at 3,340.30.

The JSE USD Equities Index advanced by 2.34 points  to close at 221.11.

Overall Market activity resulted from trading in 82 stocks of which 31 advanced, 30 declined and 21 traded firm.

Market volume amounted to 152,488,962 units valued at over $1.7 billion. Sagicor Real Estate X Fund Ltd. was the volume leader with 112,392,923 units followed by Mayberry Investments Limited with 10,511,481 units and Sagicor Group Jamaica Limited with 4,018,344 units.

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