Thursday 4 June, 2020

Palace up 48 per cent during Tuesday's trading

Palace which rarely trades, gained 48 per cent to close at $340 on Tuesday.

Palace which rarely trades, gained 48 per cent to close at $340 on Tuesday.

Palace Amusement and Honey Bun led gains on Tuesday's trading session of the Jamaica Stock Exchange (JSE).

Palace which rarely trades, gained 48 per cent to close at $340. Only 103 units traded which showed that thin trades can make a big impact. Honey Bun gained 9.4 per cent to close at $6.50.

The day's big loser went to Consolidated Bakeries down 11 per cent to close at $2.60.

The JSE Combined Index declined by 1,120.04 points (0.44 per cent) to close at 255,006.64. The JSE Index declined by 565.35 points (0.24 per cent) to close at 238,852.47. The JSE All Jamaican Composite Index declined by 620.51 points (0.24 per cent) to close at 262,154.53. The Junior Market Index declined by 56.90 points (1.72 per cent) to close at 3,260.38. The JSE USD Equities Index declined by 1.08 points ( 0.50 per cent) to close at 214.46.

Overall Market activity resulted from trading in 50 stocks of which 14 advanced, 27 declined and 9 traded firm.

Market volume amounted to 2,982,005 units valued at over $39.6 million Radio Jamaica Limited was the volume leader with 553,296 units followed by Supreme Ventures Limited with 524,816 units and Consolidated Bakeries (Jamaica) Limited with 198,337 units .

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