Wednesday 23 September, 2020

NCB stock at one-year low

NCB Financial Group closed at a one-year low on Monday following the first trading day since releasing its lacklustre results.

The stock closed at $138.66 or 2.3 per cent lower, with intraday lows of $135 and high of $146.

NCB released financials last Friday that saw flat revenues and profits, blaming the results on the initial effects of the coronavirus (COVID-19) on the economy.

The financial group traded at $131 on April 27 during the trading day, but the stock rallied higher to close at $142.57.

On Monday the top-performing stock was tTech up 23 per cent to close at $4.75 and Kingston Properties up 18 per cent to close at $6.15.

The JSE Combined Index declined by 2,786.03 points (0.77 per cent) to close at 359,343.80.

The JSE Index declined by 2,888.59 points (0.79 per cent) to close at 362,240.86.

The JSE All Jamaican Composite Index declined by 3,268.96 points (0.82 per cent) to close at 397,228.54. The Junior Market Index declined by 11.90 points (0.49 per cent) to close at 2,421.54. The JSE USD Equities Index declined by 6.33 points  (3.22 per cent) to close at 190.51.

The JSE Financial Index declined by 0.60 points (0.61 per cent) to close at 97.41.

The JSE Manufacturing & Distribution Index declined by 0.86 points (1.19 per cent) to close at 71.53.

Overall Market activity resulted from trading in 76 stocks of which 31 advanced, 34 declined and 11 traded firm.

Market volume amounted to 33,510,300 units valued at over $166 million.

Transjamaican Highway was the volume leader with 13,863,542 units (41.37per cent) followed by Mayberry Jamaica Equities with 9,703,667 units (28.96per cent) and Wigton Windfarm with 1,957,227 units (5.84per cent).

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