Tuesday 7 July, 2020

Block trade for JMMB valued at $250 million on Tuesday

A block trade in JMMB Group worth over $250 million changed hands on Tuesday at the market price in an otherwise declining Jamaica Stock Exchange (JSE).

Over 7.7 million units in JMMB traded within a $0.20 band during the day for the stock that gained less than, one tenth-of-one per cent, to close at $33.93.

The top gaining stocks on Tuesday was GWest Corporation up 23 per cent to close at $1.00 followed by SSL Venture Capital Limited up 20 per cent to close at $0.90. The top declining stock was Eppley Caribbean Property Fund down 12.7 per cent to $33.19.

On the whole, the JSE Combined Index declined by 917.95 points (0.24 per cent) to close at 377,279.18.

The JSE Index declined by 753.91 points (0.20 per cent) to close at 379,687.89. The Junior Market Index declined by 20.92 points (0.80 per cent) to close at 2,596.77. The JSE USD Equities Index declined by 1.80 points (0.94 per cent) to close at 188.99. The JSE Financial Index declined by 0.34 points (0.34 per cent) to close at 99.11. The JSE Manufacturing & Distribution Index declined by 0.01 points (0.01 per cent) to close at 78.08.

Overall Market activity resulted from trading in 83 stocks of which 37 advanced, 37 declined and 9 traded firm.

Market volume amounted to 56.2 million units valued at over $938.5 million. Wigton Windfarm was the volume leader with 12,207,660 units (21.7 per cent) followed by JMMB Group Ltd with 7,775,604 units (13.82per cent) and Carreras with 3,542,438 units (6.30per cent).

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