$1.8 billion in trades on Wednesday
The market went wild on Wednesday with over $1.8 billion in trades which raised the combined index on the Jamaica Stock Exchange.
Large cap stocks led the volumes, with $1.1 billion worth of Barita shares trading with the stock jumping 9.7 per cent to $92. It was followed by some $660 million worth of shares in Eppley Caribbean Property Fund which declined five per cent. Also, there was trading in US$420,000 worth of shares in Transjamaican Highway's US dollar stock which increased 10 per cent.
The day’s top gaining stock was Paramount Trading and ISP Finance, which gained 17 per cent and 15 per cent on Wednesday. Eppley Limited, the management company of the property fund, was the top declining stock, down 18 per cent to $20. Purity lost 13 per cent of its value to close at $1.46
The JSE Combined Index advanced by 4,057.79 points ( 1.10 per cent) to close at 371,488.99.
The JSE Index advanced by 4,377.44 points ( 1.18 per cent) to close at 374,598.05.
The Junior Market Index advanced by 2.56 points ( 0.10 per cent) to close at 2,493.72.
The JSE USD Equities Index advanced by 2.61 points ( 1.33 per cent) to close at 198.15.
The JSE Financial Index advanced by 1.52 points ( 1.56 per cent) to close at 99.22.
The JSE Manufacturing & Distribution Index advanced by 0.42 points ( 0.57 per cent) to close at 74.40.
Overall Market activity resulted from trading in 79 stocks of which 35 advanced, 33 declined and 11 traded firm.