Saturday 6 June, 2020

Palace Amusement reigns supreme with 10 % gain on JSE

The Carib movie theatre in Cross Roads, Kingston.

The Carib movie theatre in Cross Roads, Kingston.

Cinema brand Palace Amusement Company led gains in Thursday's trading session of the Jamaica Stock Exchange (JSE).

Palace, which rarely trades, gained 10 per cent to close at $550. Actually a seller is asking $660 per share to sell today, while a buyer wants $250. This means the stock is likely to swing heavily upon its next trade.

 Ttech gained 8.7 per cent to close at $9.25.

The top declining stock was Kingston Properties, down 11 per cent to close at $8.00

The JSE Combined Index declined by 289.12 points ( 0.11 per cent) to close at 251,385.65.

The JSE Index declined by 175.13 points ( 0.07 per cent) to close at 236,382.44.

The JSE All Jamaican Composite Index declined by 192.22 points (0.07 per cent) to close at 259,443.53. The Junior Market Index declined by 12.11 points ( 0.39 per cent) to close at 3,133.00.

The JSE USD Equities Index advanced by 1.21 points ( 0.70 per cent) to close at 173.04.

Overall Market activity resulted from trading in 45 stocks of which 17 advanced, 23 declined and five traded firm.

Market volume amounted to 2,771,632 units valued at over $34,073,294.67. Proven Investments Limited USD was the volume leader with 620,750 units (22.40 per cent) followed by Proven Investments Limited JMD with 406,756 units (14.68 per cent) and 1834 Investments Limited with 346,000 units (12.48 per cent).

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