NCB shares valued at $2.4 billion traded hands on Thursday
AMG Packaging & Paper Limited (AMG) led gains on Thursday’s trading of the Jamaica Stock Exchange (JSE) but NCB Financial Group led volumes with a block trade.
NCB remained mostly stable, up less than one per cent on the day to close at $144.99. There were 16.5 million units of NCB trading in the day valued at some $2.4 billion, which became the largest trade in almost a year.
AMG gained 25 per cent to close at $2.50 on the day. The Dolphin Cove gained 22 per cent to close at $15.35.
The JSE Combined Index advanced by 4,903.12 points ( 1.30 per cent) to close at 381,434.72.
The JSE Index advanced by 4,722.16 points ( 1.26 per cent) to close at 378,031.54. The JSE All Jamaican Composite Index advanced by 5,188.44 points ( 1.27 per cent) to close at 414,912.38. The Junior Market Index advanced by 51.42 points ( 1.68 per cent) to close at 3,110.57. The JSE USD Equities Index declined by 0.79 points ( 0.45 per cent) to close at 175.05.
Overall Market activity resulted from trading in 58 stocks of which 34 advanced, 13 declined and 11 traded firm.
Market volume amounted to 23,306,515 units valued at over $2.48 billion. NCB Financial Group was the volume leader with 16,552,196 units (71.02per cent) followed by Wisynco with 1,492,528 units (6.40per cent) and Fontana with 1,345,881 units (5.77 per cent).