Saturday 25 May, 2019

Proven,  KPREIT led declines during Tuesday’s trading

Declining stocks led by Proven Investments and Kingston Properties (KPREIT) defined movements on the Jamaica Stock Exchange (JSE) on Tuesday.

Proven declined by 15 per cent to close at $0.20, while KPREIT dipped by 12.2 per cent to close at $5.05.

Elite Diagnostic, on the other hand, led gains up 6.0 per cent to close at $3.38.

No advancing stock made double-digit gains on Tuesday.

Overall Market activity resulted from trading in 55 stocks of which 17 advanced, 25 declined and 13 traded firm.

The JSE Combined Index declined by 1,813.75 points (0.50 per cent) to close at 362,563.37.

The JSE Index declined by 1,801.69 points (0.50 per cent) to close at 356,188.44. The JSE All Jamaican Composite Index declined by 1,977.46 points (0.50 per cent) to close at 390,937.64.

The JSE Select Index declined by 46.20 points (0.49 per cent) to close at 9,316.53. The Junior Market Index declined by 14.45 points (0.45 per cent) to close at 3,218.50. The JSE USD Equities Index declined by 14.71 points (8.38 per cent) to close at 160.92.

Market volume amounted to 3,529,676 units valued at over $66.15 million. Scotia Group Jamaica was the volume leader with 498,076 units (14.11 per cent) followed by WISYNCO LTD with 438,385 units (12.42 per cent) and Proven Investments USD with 429,681 units (12.17 per cent).

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