Wednesday 25 November, 2020

Ice-cream maker led the pack with solid gains during Friday’s trading

Ice cream maker, Caribbean Cream (Kremi) led gains during Friday’s trading of the Jamaica Stock Exchange (JSE).

The company was one of 49 stocks that advanced with only 25 declining.

In fact, 14 stocks made double-digit gains on the day but leading the pack was Kremi up 31 per cent to close at $2.76, Indies Pharma up 29 per cent to close at $1.96 and Elite Diagnostics up 27 per cent to close at $2.71.

The biggest decliner was Portland JSX down 13.3 per cent to close at $7.68.

The JSE Combined Index advanced by 9,372.72 points (2.72 per cent) to close at 354,007.88.  The Junior Market Index advanced by 50.32 points (2.40 per cent) to close at 2,144.08.

The JSE USD Equities Index advanced by 0.60 points (0.30 per cent) to close at 197.53. The JSE Financial Index advanced by 3.61 points (3.80 per cent) to close at 98.72. The JSE Manufacturing & Distribution Index advanced by 1.14 points (1.75 per cent) to close at 66.47.

Overall Market activity resulted from trading in 80 stocks of which 49 advanced, 25 declined and six traded firm.

Market volume amounted to 27,080,365 units valued at over $114.2 million. Transjamaican Highway Limited was the volume leader with 9,661,886 units (35.68per cent) followed by Wigton Windfarm with 7.12 million units (26.6 per cent) and Transjamaican Highway Limited (USD) with 2.13 million units (7.9 per cent).

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