Wednesday 3 June, 2020

Eppley stock to spike at opening of trading on Tuesday

Eppley Limited will spike at the opening of trading on Tuesday following its double-digit rise at the start of the week.

The stock will open at $15 but investors are willing to buy at $18.

The company put out record results recently within a market that pulled back over five per cent since the year started. 

On Monday however Jamaican stocks rallied higher despite the US equities markets experiencing its biggest decline in two years.

The JSE Combined Index advanced by 207.86 points ( 0.04 per cent) to close at 482,346.15.

Overall Market activity resulted from trading in 83 stocks of which 31 advanced, 36 declined and 16 traded firm.

The US market lost more than 1,000 points on fears that the coronavirus would spread faster outside of China.

Get the latest local and international news straight to your mobile phone for free: