Monday 16 September, 2019

Salada stock led declines last week

Salada Foods Limited, the coffee processor whose stock is listed on the Jamaica Stock Exchange (JSE) led weekly declines.

The stock lost 18.2 per cent of its value during the week with some 50,000 units trading hands to close at $33.00.

It came as the company made its first net loss in years due to a boiler accident in its factory in the December quarter 2018. The company ceased production during the period.

Also during the week, Medical Disposables and Supplies dipped 17.5 per cent during the week to close at $5.54.

There were some big movers during the week led by Sterling Investment up 48 per cent to close US$0.04 with 21,480 units trading hands. It was followed by 138 Student Living up 36 per cent to close at $5.46 with 69,270 units. Eppley Limited gained 31 per cent to close at $13.00 with 2,050.

The JSE Combined Index advanced by 5,503.56 points (1.44 per cent) to close at 383,377.11.

The JSE Index advanced by 6,372.61 points (1.68 per cent) to close at 380,307.12. The Junior Market Index declined by 31.63 points (1.02 per cent) to close at 3,097.20. The JSE USD Equities Index advanced by 11.50 points (6.56 per cent) to close at 175.38.

Overall Market activity resulted from trading in 102 stocks of which 41 advanced, 26 declined and 35 traded firm.

Market volume amounted to 122,568,755 units valued at over $3,186,064,771.12. AMG Packaging and Paper Limited was the volume leader with 61,017,315 units (49.78 per cent) followed by NCB Financial Group with 17,755,883 units (14.49per cent) and Radio Jamaica with 8,483,976 units (6.92per cent).



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