Friday 22 March, 2019

Lasco Manufacturing tops weekly stock gains

File photo of Lasco chairman, Lascelles Chin.

File photo of Lasco chairman, Lascelles Chin.

Lasco Manufacturing led weekly gains during trading on the Jamaica Stock Exchange (JSE).

The stock gained 15.4 per cent to close at $3.98. It was followed by Jamaica Stock Exchange Group (JSEG), up 13.16 per cent to close at $10.75. Sterling gained 13 per cent over the week to close at $4.00; Supreme Ventures increased 8.6 per cent to close at $17.27, and Lasco Financial went up 6.8 per cent to close at $4.72.

The week’s big loser was ISP Finance, down 35 per cent for the week to $13.00.

The JSE combined Index declined by 4,286.82 points (1.11 per cent) to close at 381,219.54. The JSE Index declined by 4,552.15 points ( 1.20 per cent) to close at 376,100.09. The JSE All Jamaican Composite Index declined by 4,996.25 points ( 1.20 per cent) to close at 412,791.89. The JSE Select Index declined by 209.03 points ( 2.12 per cent) to close at 9,630.41. The Junior Market Index declined by 9.24 points ( 0.28 per cent) to close at 3,252.12.The JSE USD Equities Index declined by 4.71 points ( 2.85 per cent) to close at 160.56.

Overall Market activity resulted from trading in 55 stocks of which 16 advanced, 32 declined and seven traded firm.

Market volume amounted to 2,141,289 units valued at over $33,843,020.59. Express Catering Limited was the volume Leader with 265,900 units (12.42 per cent) followed By Lasco Distributors Limited with 169,003 Units (7.89 per cent) and Wisynco Group Ltd ordinary shares with 156,244 Units (7.30 per cent) .

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