Kremi, VM Investments and CWJ lead JSE gains to open 2018
Caribbean Cream (Kremi), Victoria Mutual Investments (VMIL) and Cable & Wireless Jamaica (CWJ) led with double-digit gains on the first trading day of 2018 on the Jamaica Stock Exchange (JSE).
Kremi gained 25 per cent to close at $6.00; followed by VMIL, up 21 per cent to close at $3.92; and CWJ, up 15.8 per cent to close at $1.39.
The day's big loser was Supreme Ventures, down 11 per cent to $10.26 on the day.
The JSE Combined Index advanced by 547.55 points (0.19 per cent) to close at 295,534.08. The JSE Index advanced by 567.23 points (0.20 per cent) to close at 288,949.20. The JSE All Jamaican Composite Index advanced by 622.57 points ( 0.20 per cent) to close at 317,138.68.
The JSE Select Index declined by 75.82 points ( 0.89 per cent) to close at 8,440.56. The Junior Market Index advanced by 2.33 points (0.09 per cent) to close at 2,734.39. The JSE USD Equities Index closed at 166.17.
Overall Market activity resulted from trading in 47 stocks of which 21 advanced, 17 declined and nine traded firm.
Market volume amounted to 12,281,951 units valued at over $106.6 million. WISYNCO was the volume leader with 5,546,728 units (45.16 per cent) followed by VMIL with 2,353,026 units (19.16 per cent) and Cable & Wireless Jamaica Limited with 1,804,417 units (14.69 per cent).