Wisynco drops largest value for 2020
File photo of Wisynco's facilities in Lakes Pen, St Catherine.
Wisynco Group suffered its largest daily drop since the start of the year on Wednesday, according to Jamaica Stock Exchange (JSE) data.
The stock closed 11.6 per cent lower to $17.20 on Wednesday.
The stock plummeted during trading from $19.01 to $15.50 on the day. This means the bulk of trades are expected to take place within the $15.00 range on Thursday.
The drop on Wednesday beat the previous year to date drop on March 4 of 10.4 per cent on the news of the COVID-19 pandemic into the island.
On the day, 53 stocks declined, 19 advanced and 13 traded firm.
The day’s top advancing stock was Derrimon Trading up 17.4 per cent to $2.02. It was followed by Salada Foods Jamaica up 14.5 per cent to $32.59.
The JSE Combined Index declined by 7,132.92 points (1.78 per cent) to close at 393,202.34 and the JSE Index declined by 6,816.76 points (1.69 per cent) to close at 396,872.92.
The JSE All Jamaican Composite Index declined by 7,508.92 points (1.70 per cent) to close at 435,396.84.
The JSE Select Index declined by 201.34 points (1.93 per cent) to close at 10,251.01; the JSE Cross Listed Index declined by 0.80 points (0.89 per cent) to close at 89.34; the Junior Market Index declined by 80.16 points (2.98 per cent) to close at 2,606.74 and the JSE USD.
Equities Index declined by 0.24 points (0.12 per cent) to close at 202.75.
The JSE Financial Index declined by 0.98 points (0.90 per cent) to close at 108.36.
The JSE Manufacturing & Distribution Index declined by 3.01 points (3.82 per cent) to close at 75.80.
Market volume amounted to 60,202,079 units valued at over $170,387,059.16. Transjamaican Highway Limited was the volume leader with 39,964,036 units (66.38per cent) followed by Sagicor Select Funds Financial with 3,981,271 units (6.61per cent) and Wigton Windfarm with 3,831,087 units (6.36per cent).