Friday 14 August, 2020

Mailpac gains 17 per cent to close Friday's trading

Mailpac Group led double-digit gains while Pulse Investments led declines on Friday’s trading on the Jamaica Stock Exchange (JSE).

Mailpac, which facilitates e-commerce deliveries on sites that do not ship directly to the island, gained 17 per cent to close at $2.37 on the day with 3.5 million units trading.

Pulse, which operates mainly as a modelling agency declined by 13 per cent to close at $3.67 with 1.5 million units trading.

The JSE Combined Index advanced by 507.37 points (0.14 per cent) to close at 375,664.33. So too did the JSE Index advanced by 722.07 points (0.19 per cent) to close at 378,603.79.

The Junior Market Index declined by 14.67 points (0.57 per cent) to close at 2,539.19.

The JSE USD Equities Index advanced by 1.35 points (0.75 per cent) to close at 180.19; the JSE Financial Index advanced by 0.45 points (0.46 percent) to close at 98.31 and the JSE Manufacturing & Distribution Index advanced by 0.13 points ( 0.17 per cent) to close at 76.88.

Overall Market activity resulted from trading in 72 stocks of which 33 advanced, 29 declined and 10 traded firm.

Market volume amounted to 49,280,392 units valued at over $197 million. Lasco Manufacturing was the volume leader with 18,620,719 units (37.79 per cent) followed by Derrimon Trading with 14,468,916 units (29.36 per cent) and Mailpac Group with 3,470,490 units (7.04 per cent).

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