Eppley stock price surged $46 to hit an all-time high of $505 in trading on the Jamaican Stock Exchange junior market, while trading 8,337 shares. The price is now up 26.25 percent since last week.
The new price puts the PE at 7.2 times last year’s earnings of $70.43 per share and comes ahead of the company exploring the raising of added equity capital.
Elsewhere, JMMB Group 7.50% preference share traded 487,151 units at $1.20 and Cable & Wireless is back at $1.20 after slipping as low as 94 cents last week Thursday.
Trading remains subdued with the main market indices rising while the juniors is down slightly after 75 minutes of trading on Tuesday. An average of 30,628 per active stock traded, up from an average of 27,944 units traded in the mid-morning session on Monday.
A total of 26 securities, accounting for only 796,330 shares changed hands at 10.45 am as 9 stocks gained and 4 declined.
The market saw all Jamaica Composite Index fell 470.96 points to 170,339.95, the JSE Market Index rose 421.11 points to 153,356.14 the JSE combined index ending with a gain of 349.40 points to 160,925.26 and the junior market index fell 4.02 points to 1,820.14.
Eppley jumps $46 early Tuesday
April 12, 2016 by
