Wednesday 12 August, 2020

Sterling dual stocks split gains and losses during Monday’s trading

Sterling Investments’ dual stocks indexed in Jamaican and US dollars dovetailed with one stock achieving double-digit gains and the other double-digit losses on Monday’s trading on the Jamaica Stock Exchange (JSE).

The Jamaica dollar stock was in recovery mode and so increased in price, but the US dollar stock was already trading at recent highs and returned to the lower support level.

Ttech gained 15 per cent to close at $5.68, but it was followed by Sterling Investments Jamaican dollar stock up 12.5 per cent to close at $2.79 with 58,600 units. The Sterling Investments US dollar stock, however, led declines down 13 per cent to US0.02 with 23,000 units.

The JSE Combined Index advanced by 4,055.40 points (1.11 per cent) to close at 369,329.29.

The JSE Index advanced by 4,127.75 points (1.12 per cent) to close at 371,524.90. The Junior Market Index advanced by 23.92 points (0.94 per cent) to close at 2,556.00. The JSE USD Equities Index declined by 2.99 points (1.58 per cent) to close at 185.85. The JSE Financial Index advanced by 0.81 points (0.85 per cent) to close at 96.23. The JSE Manufacturing & Distribution Index advanced by 0.92 points (1.22 per cent) to close at 76.03.

Overall Market activity resulted from trading in 77 stocks of which 40 advanced, 26 declined and 11 traded firm.

Market volume amounted to 14.9 million units valued at over $49.19 million. Wigton Windfarm was the volume leader with 7.5 million units (50.59per cent) followed by Mailpac Group with 14 million units (9.5 per cent) and Sagicor Select Financial with 889,004 units (6.0 per cent).


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