Thursday 27 February, 2020

Palace Amusement led gains during trading week

The Avengers: Infinity War, premiered in local Palace Amusement theatres on Wednesday, May 2.

The Avengers: Infinity War, premiered in local Palace Amusement theatres on Wednesday, May 2.

Palace Amusement led gains for the trading week ahead of the release of Avengers.

The cinema company gained 22 per cent to close at $1,000 during the week.The Avengers: Infinity War, premiered in local theatres on Wednesday, May 2 after its US release in April 27.

The company traded at a 52 week high of $1,300 during the launch of blockbuster Black Panther in February, which continues its local screening to date. Investors are expecting strong results from the cinema brand which operates three theatres across the island along with distribution in the Cayman Islands.

Other stocks which gained 12 per cent included Proven Investments, Key Insurance and Berger Paints. The week's top declining stock included Blue Power Group down 16 per cent to close at $30.

The JSE Combined Index advanced by 4,824.45 points (1.55 per cent) to close at 310,928.47. The JSE Index advanced by 5,443.28 points (1.80 per cent) to close at 302,946.08.


The JSE All Jamaican Composite Index advanced by 5,974.33 points (1.80 per cent) to close at 332,501.11. The JSE Select Index advanced by 194.98 points (2.15 per cent) to close at 9,086.54.
The Junior Market Index declined by 16.45 points (0.55 per cent) to close at 2,968.53.
The JSE USD Equities Index advanced by 12.68 points (7.16 per cent) to close at 177.12.

Overall Market activity resulted from trading in 98 stocks of which 34 advanced, 29 declined and 35 traded firm.

Market volume amounted to 87,823,558 units valued at over $4,015,417,873.71. NCB Financial Group was the volume leader with 35,393,049 units (40.30per cent) followed by WISYNCO with 15,290,334 units (17.41per cent) and Lasco Distributors Limited with 4,769,889 units (5.43 per cent).

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