138 Student Living's preference shares up 15 per cent
The 138 Student Living preference shares led double-digit gains on trading on the Jamaica Stock Exchange (JSE) to lead volumes on the day.
138 which builds and rent dormitories for students at the University of the West Indies, Mona gained 15 per cent on the day to close at $5.96.
Preference shares rarely trade up on the market and it is also rare to see heavy volumes at 12 million units trading hands.
It was volume leader on Tuesday of all the 83 stocks that traded, followed by TransJamaican Highway and Wigton Windfarm.
Moreover, it was by far the largest trade in over two years for these 138 preference shares.
Also on Tuesday AMG Packaging and Paper gained 11.8 per cent and newly listed Community & Workers of Jamaica CCU Deferred shares gained 11.4 per cent.
Overall the JSE Combined Index declined by 3,539.94 points (0.95 per cent) to close at 370,613.94. The JSE Index declined by 4,032.21 points (1.07 per cent) to close at 372,186.65.
The Junior Market Index advanced by 15.97 points (0.61 per cent) to close at 2,619.05.
Overall Market activity resulted from trading in 83 stocks of which 35 advanced, 35 declined and 13 traded firm. Market volume amounted to 43,363,597 units valued at over $156.7 million.