Monday 27 January, 2020

Sygnus Credit US dollar topped gains during Tuesday’s trading

(L-R) Berisford Grey - Co-Founder & CEO of Sygnus Capital; Sygnus Credit Investments Chairman Wain Iton; Sygnus Chief Investment Officer Jason Morris,; Marlene Street Forrest - Managing Director of JSE, Gregory Samuels - Executive Director of Investment Banking of Sygnus; Walter H. Scott of Chairman of Sygnus Capital, Gassan Azan - Co-Founder and Director of Sygnus, Ike Johnson COO of Sygnus Capital, Dionnie Headley - Managing Director of Sygnus Tax Advisory.

(L-R) Berisford Grey - Co-Founder & CEO of Sygnus Capital; Sygnus Credit Investments Chairman Wain Iton; Sygnus Chief Investment Officer Jason Morris,; Marlene Street Forrest - Managing Director of JSE, Gregory Samuels - Executive Director of Investment Banking of Sygnus; Walter H. Scott of Chairman of Sygnus Capital, Gassan Azan - Co-Founder and Director of Sygnus, Ike Johnson COO of Sygnus Capital, Dionnie Headley - Managing Director of Sygnus Tax Advisory.

Sygnus Credit US dollar topped gains while Sygnus JA dollar stock topped declines on trading of the Jamaica Stock Exchange (JSE) for Tuesday.

Investors watched as gains made on Monday evaporated on the Jamaica dollar side of Sygnus, a newly listed stock with both independent Jamaican dollar and US dollar listings. The Jamaica dollar listing dipped 14 per cent to close at $14.59 following a 23 per cent rise on Monday.

The US dollar stock however gained 12 per cent to close at US$0.13. On the day, the JSE Combined Index declined by 365.87 points (0.12 per cent) to close at 312,544.26.

The JSE Index declined by 578.31 points (0.19 per cent) to close at 304,070.53.
The JSE All Jamaican Composite Index declined by 634.73 points (0.19 per cent) to close at 333,735.28.

The JSE Select Index advanced by 37.62 points (0.41 per cent) to close at 9,117.48. The Junior Market Index advanced by 15.26 points (0.51 per cent) to close at 3,021.90. The JSE US dollar Equities Index advanced by 1.32 points (0.82 per cent) to close at 163.15.

Overall Market activity resulted from trading in 53 stocks of which 21 advanced, 23 declined and 9 traded firm.

Market volume amounted to 7,955,254 units valued at over $59.2 million. 1834 Investments Limited was the volume leader with 2,000,000 units (25.14 per cent) followed by Ciboney Group Limited with 1,589,845 units (19.98 per cent) and Mayberry Investments Limited with 1,084,672 units (13.63 per cent).

 

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