Monday 10 December, 2018

NCB shares hit new high

NCB Financial Group hit an all time high during Monday's trading of the Jamaica Stock Exchange (JSE).

The stock hit $140 with investors heavily trading the Michael Lee-Chin chaired conglomerate, which recently reported a record $28.6 billion net profit for its financial year ending September 2018. On Monday, the stock closed at $137.02 with over 2.8 million units trading hands.

Key Insurance Company Limited (KEY) led gains with a 23.08 per cent increase to close at $4.00, followed by Fosrich Company Limited (FOSRICH), up 13.22 per cent to close at $3.94.

The day’s largest declining stock was GWEST Corporation Limited (GWEST), down 6.84 per cent to close at $1.77.

The JSE Combined Index declined by 413.71 points (0.11 per cent) to close at 369,398.05. The JSE Index declined by 870.59 points (0.24 per cent) to close at 363,012.39. The Junior Market Index advanced by 35.07 points (1.08 per cent) to close at 3,270.03.

The JSE USD Equities Index advanced by 15.48 points (9.68 per cent) to close at 175.35. Overall Market activity resulted from trading in 57 stocks of which 26 advanced, 23 declined and 8 traded firm. Market volume amounted to 7,799,267 units valued at over $515,849,493.68. NCB was the volume leader with 2,849,956 units (36.54 per cent) followed by Kingston Wharves Limited with 1,169,281 units (14.99 per cent) and 1834 Investments Limited with 629,240 units (8.07 per cent).

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