Wednesday 30 September, 2020

Paramount, Caribbean Flavours led gains during Monday’s trading

Junior stocks Paramount Trading Limited and Caribbean Flavours and Fragrances (CFF) both led Monday's gains up 13 per cent.

The stocks are trading up but are still to receive strong support with larger trades. CFF started the year at $15 and traded sideways until Monday’s climb to $17. Paramount closed Monday at $1.90 but despite the rise still trades below its $2.10 close to start the year.

Sygnus Credit Investments US dollar stock led declines down 12 per cent to close at US$0.16.

The JSE Combined Index declined by 1,646.24 points (0.33 per cent) to close at 490,736.47. The JSE Index declined by 2,102.93 points (0.42 per cent) to close at 495,476.05. The Junior Market Index advanced by 26.06 points (0.81 per cent to close at 3,235.07. The JSE USD Equities Index declined by 10.07 points (4.07 per cent) to close at 237.46. The JSE Financial Index declined by 1.18 points (0.87 per cent) to close at 134.33. The JSE Manufacturing & Distribution Index advanced by 0.51 points (0.54 per cent ) to close at 95.83.

Overall Market activity resulted from trading in 78 stocks of which37 advanced, 34 declined and 7 traded firm.

Market volume amounted to 21,004,931 units valued at over $228.9 million. Sagicor Select Financial was the volume leader with 5,652,137 units (26.91 per cent) followed by Wigton Windfarm with 3,445,948units (16.41 per cent) and Sagicor Select Distribution and Manufacturing with 2,642,666 units (12.58 per cent).

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