Friday 20 September, 2019

Purity up 22% to lead JSE gains last week

Consolidated Bakeries (Purity) led weekly gains on the Jamaica Stock Exchange (JSE).

The stock gained 22 per cent during the week following the release of stellar first-quarter results that showed earning at $0.09 per share from $0.03 a year earlier. The bakery increased revenues and kept expenses at bay. Also during the week, Caribbean Cream gained 16.2 per cent to close at $5.74. Eppley led declines down 15 per cent to $8.86.

The JSE Combined Index advanced by 5,293.53 points ( 1.72 per cent) to close at 308,031.01.

The JSE Index advanced by 5,155.31 points ( 1.72 per cent) to close at 299,832.21. The JSE All Jamaican Composite Index advanced by 5,658.27 points ( 1.72 per cent) to close at 329,083.46. The JSE Select Index advanced by 311.08 points ( 3.41 per cent) to close at 9,109.94. The Junior Market Index advanced by 50.73 points ( 1.71 per cent) to close at 2,965.34. The JSE USD Equities Index declined by 0.88 points ( 0.51 per cent) to close at 171.36.

Overall Market activity resulted from trading in 92 stocks of which 33 advanced, 23 declined and 36 traded firm.

Market volume amounted to 217,543,141 units valued at over $3,688,961,391.35. Jamaica Broilers Group was the volume leader with 169,735,711 units (78.02per cent) followed by Knutsford Express Services Limited with 19,476,792 units (8.95per cent) and Jetcon Corporation Limited with 3,296,784 units (1.52per cent) .

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