Friday 3 July, 2020

Wisynco stock trending towards $30

Wisynco Group shares are trending towards $30 or just about 175 per cent growth since January, according to Jamaica Stock Exchange (JSE) trading data.

Sellers of the stock want no less than $29.88 to start trading, indicating that buyers in the order pool need to purchase at or above that level.

The stock closed at a high of $25.02 on Wednesday with the last trading price at an even $26. The stock grew 23 per cent for the week to date and, at $30, would have jumped 174.2 per cent since starting the year at $10.94.

On Wednesday, Key Insurance led gains, up 35 per cent to close at $3.90.

The JSE Combined Index advanced by 3,495.25 points ( 0.71 per cent) to close at 499,232.27.

The JSE Index advanced by 3,297.87 points ( 0.66 per cent) to close at 504,750.44.

The JSE All Jamaican Composite Index advanced by 3,629.06 points ( 0.66 per cent) to close at 554,353.10. The Junior Market Index advanced by 42.55 points ( 1.33 per cent) to close at 3,232.43. The JSE USD Equities Index advanced by 0.68 points ( 0.36 per cent) to close at 187.01. The JSE Financial Index advanced by 1.43 points ( 1.07 per cent) to close at 135.37.

Overall Market activity resulted from trading in 63 stocks of which 28 advanced, 28 declined and seven traded firm.

Market volume amounted to 25,504,218 units valued at over $1,304,067,915.01. Wigton Windfarm was the volume leader with 10,815,315 units(42.41per cent) followed by NCB Financial Group with 4,752,835 units (18.64per cent) and Caribbean Cement with 2,539,317 units (9.96per cent) .

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