NCB stock price nears one-year low
Large-cap stock, NCB Financial Group dropped to a new low for 2020 as stocks took another wicked beating on Monday.
The stock lost 11.2 per cent of its value on Monday alone, closing at $160.93, which was the lowest level since last March.
Additionally, on Monday the intra-day trades varied from a low of $150 to a high of $175.
The low trades were $10 shy of returning to its 52-week low of $140 also achieved last March. It is also far way off from 52-week highs of $249 which it achieved last July.
NCB financial conglomerate accounts for nearly one-quarter of the market activity on the Jamaica Stock Exchange and its price decline reflected an overall dip in the market index.
The Combined Index declined 4.8 per cent to close at 388,558.45 points. The JSE Index declined by 20,034.15 points (4.81 per cent) to close at 396,228.13.
So too did the JSE All Jamaican Composite Index, which declined by 22,129.54 points (4.84 per cent) to close at 434,832.42.
The Junior Market Index declined by 84.68 points (3.65 per cent) to close at 2,233.23 and the JSE USD Equities Index declined by 0.37 points (0.18 per cent) to close at 210.48.
The JSE Financial Index declined by 7.46 points (6.53 per cent) to close at 106.81. The JSE Manufacturing & Distribution Index declined by 1.12 points (1.48 per cent) to close at 74.48.
Overall Market activity resulted from trading in 78 stocks of which 17 advanced, 51 declined and 10 traded firm.
Blue Power Group was the top advancing stock, up 23 per cent to close at $3.69, followed by Sterling Investments up 17 per cent to close at $0.02. GWest Corporation was the largest declining stock down 27 per cent to $0.60.
Market volume amounted to 40,593,320 units valued at over $298.9 million. Elite Diagnostics was the volume leader with 14,594,247 units (35.95per cent) followed by Wigton Windfarm with 8,875,816 units (21.87per cent) and Wisynco Group with 4,600,987 units (11.33 per cent).