Tuesday 2 June, 2020

Lasco Distributors, Key Insurance led declines on Tuesday

Investors sold down Lasco Distributors and Key Insurance to lead an overall market decline on Tuesday.

Lasco Distributors lost 18.4 per cent of its value to close at $2.53 followed by Key down 10 per cent to close at $6.39.

On Tuesday, the JSE Combined Index declined by more than 3,800 points (1.03 per cent) to close at 369,817 points. The market is still far from March 25 lows of 337,500 points but also far from the recovery peak of 400,000 points on April 14.

Overall Market activity resulted from trading in 80 stocks of which 36 advanced, 31 declined and 13 traded firm.

The top gaining stocks were 138 Student Living up 13 per cent to close at $8.00 followed by Portland JSX up 12 per cent to close at $8.60. The volumes, however, were paper-thin with 108 units for 138SL and 5 units for Portland.

Market volume amounted to 25 million units valued at over $161 million. Transjamaican Highways Limited was the volume leader with 8.0 million units (32.07per cent) followed by Medical Disposables Limited with 5,094,791 units (20.4 per cent) and Wigton Windfarm with 4.0 million units (16.16 per cent).

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