Friday 17 January, 2020

Sygnus gained 29% in market value on Monday

From left to right: Chief Operating Officer Ike Johnson ; CEO Berisford Grey and Jason Morris, Chief Investment Officer of Sygnus.

From left to right: Chief Operating Officer Ike Johnson ; CEO Berisford Grey and Jason Morris, Chief Investment Officer of Sygnus.

Sygnus Credit gained 29 per cent in market value on Monday to close at a record US$30 million or about J$4 billion.

The company gained US$6.7 million in value on the day or US$0.04 to close at us$0.18.

At the same time, Main Event Entertainment increased 15.4 per cent to close at $6.00, and KLE Group increased 13.6 per cent to $2.00.

Cargo Handlers Limited (CHL) was the leading declining stock down 10.6 per cent to $9.00.

The JSE Combined Index increased slightly on Monday up 0.01 per cent or 70 cents to close at 498,581 points. The JSE Main Market Index advanced by 346.3 points or 0.07 per cent to close at 503,682.8 points. While the Junior Market Index declined by 22.5 points or 0.69 per cent to close at 3,262.83. The JSE USD Equities Index advanced by 8.6 points or 3.7 per cent to close at 238.4 points.

Overall Market activity resulted from trading in 80 stocks of which 32 advanced, 42 declined and 6 traded firm.

Market volume amounted to 15.3 million units valued at over $122 million. Wigton Windfarm led volumes, followed by Sagicor Select Fund Limited Financial.

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