Pulse, ISP led with double digit gains; others register heavy declines
Pulse Investments and ISP Finance led with double-digit gains but other stocks registered heavy declines on Wednesday’s trading of the Jamaica Stock Exchange (JSE).
Pulse gained 21 per cent to close at $3.90 with 20,500 units trading. It was followed by ISP up 18 per cent to close at $13.65 with only 500 units trading.
The overall market activity resulted from trading in 74 stocks of which 39 advanced, 30 declined and five traded firm.
One-fifth of the declining stocks slid heavily including Medical Disposables down 19 per cent, Paramount down 18 per cent, Blue Power, down 17 per cent, JMMB preference shares down 15 per cent, Caribbean Flavours and Fragrances down 13.7 per cent, Main Event down 11.5 per cent and Access Financial down 10 per cent.
The JSE Combined Index declined by 1,026.73 points ( 0.19 per cent) to close at 527,208.32.
The JSE Index declined by 779.68 points ( 0.15 per cent) to close at 531,524.65. The Junior Market Index declined by 28.31 points ( 0.79 per cent) to close at 3,540.54. The JSE USD Equities Index advanced by 0.93 points ( 0.50 per cent) to close at 188.30. The JSE Financial Index declined by 0.69 points ( 0.48 per cent) to close at 143.17.
Market volume amounted to 19,282,086 units valued at over $202,835,517.59. Wigton Windfarm was the volume leader with 6,509,540 units (33.76per cent)followed by The Lab with 4,245,953 units (22.02per cent) and Victoria Mutual Investments Limited with 1,013,184 units (5.25 per cent) .