Thursday 13 August, 2020

Mayberry Jamaican Equities led gains during Wednesday’s trading

Mayberry Jamaican Equities led gains during Wednesday’s trading on the Jamaica Stock Exchange (JSE) as the stock returned to recent trend valuations.

Mayberry gained 19 per cent to close at $9.50 but with only 500 units trading. The movement while excessively thin in volume rests within the trading range in June.

It returned the stock which closed at $8.00 on Tuesday back in line with its June trend pricing above $9.00 and market capitalisation at $11.4 billion.

The stock dipped earlier this week due to a 50 million unit block trade mostly at $8.00. It was the largest trade of the year for the stock.

Ciboney also gained 18 per cent to close at $0.13, despite the company being without any active operations.

Jetcon was the leading decliner down 13 per cent to $0.88 with 1.3 million units trading.

Also on the day, the JSE Combined Index declined by 1,153.46 points (0.30 per cent) to close at 379,821.14. The JSE Index declined by 1,541.69 points (0.40 per cent) to close at 382,214.11.

The Junior Market Index advanced by 24.78 points (0.96 per cent) to close at 2,617.02. So too did the JSE USD Equities Index advanced by 0.96 points (0.53 per cent) to close at 182.73.

The JSE Financial Index declined by 0.67 points (0.67 per cent) to close at 99.04.

The JSE Manufacturing & Distribution Index declined by 0.08 points 0.10 per cent) to close at 78.25.

Overall Market activity resulted from trading in 77 stocks of which 30 advanced, 37 declined and 10 traded firm.

Market volume amounted to 23,310,077 units valued at over $70 million. Transjamaican Highway was the volume leader with 5,952,563 units (25.5 per cent) followed by Wigton Windfarm with 4,939,676 units (21.2 per cent) and Pulse Investments with 4,255,782 units (18 per cent).

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