Sunday 23 February, 2020

Real estate investment trusts led gains on Wednesday

iStock photo

iStock photo

Real estate investment trusts led daily gains during trading in a battered market on Wednesday.

Twice as many stocks declined than advanced.

Sagicor X Fund which operates a series of hotels in Jamaica and the US led gains up 14 per cent to $8.81.

The climb while substantial represents a recovery from above $10 in December and far from the $13.00 achieved in the last 52 weeks.

Kingston Properties (Kpreit) which operates office and villas in Jamaica, Cayman Islands and the US gained 10 per cent to close at $5.40. The rise in Kpreit was also a decline from the $8.45 achieved in the last 52 weeks.

Proven led declines down 12 per cent to US$0.27 and Jetcon declined by 11 per cent to $1.25.

The JSE Combined Index declined by 853.75 points (0.18 per cent) to close at 472,646.37. The JSE Index declined by 565.71 points (0.12 per cent) to close at 479,532.54   and the JSE All Jamaican Composite Index declined by 624.98 points (0.12 per cent) to close at 526,606.21.

The JSE Select Index advanced by 45.68 points (0.37 per cent) to close at 12,323.64. The JSE Cross Listed Index closed at 93.37. The Junior Market Index declined by 30.51 points (1.03 per cent) to close at 2,921.32. The JSE USD Equities Index declined by 12.14 points (5.30 per cent) to close at 216.79.

The JSE Financial Index closed at 130.62. The JSE Manufacturing & Distribution Index advanced by 0.25 points (0.28 per cent) to close at 90.61. Overall Market activity resulted from trading in 77 stocks of which 21 advanced, 41 declined and 15 traded firm.

Market volume amounted to 50,789,329 units valued at over $97,368,435.68. Wigton Windfarm was the volume leader with 28,690,435 units (56.49per cent) followed by Sagicor Select Financial with 13,270,087 units (26.13per cent) and Sagicor Select Manufacturing and Distribution with 2,674,606 units (5.27per cent) .

 

 

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