Saturday 28 November, 2020

Local stocks inch up after General Elections

Local stocks inched up after Jamaica’s General Election, with Access Financial Services seeing the biggest gains on Friday.

General Elections were held on Thursday, September 3 and saw the Jamaica Labour Party forming the country's government. 

Overall Market activity resulted from trading in 75 stocks of which 30 advanced, 31 declined and 14 traded firm.

Access gained nine per cent to close at t $22.98 on the day.

The JSE Combined Index advanced by 925.37 points or 0.25 per cent to close at 364,335.56.  The JSE Main Index advanced by 980.40 points or 0.24 per cent to close at 402,248.48 and the Junior Market Index advanced by 12.62 points or 0.51 per cent to close at 2,469.98.

No stock made double-digit gains but Kingston Properties recorded double-digit declines down, 17.8 per cent to $6.30, followed by Portland JSX down 17.4 per cent to $7.02, and PBX preference shares down 15.4 per cent to $80.35.

Market volume amounted to 7,609,209 units valued at over $97,060,051.15.

Wigton Windfarm was the volume leader with 1,145,733 units 15.06 per cent followed by Sagicor Select Funds Financial with 1,084,249 units 14.3 per cent) and Wisynco Group with 1,064,952 units (14 per cent).






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