Jamaica Stock Exchange share jumped 43 percent on Monday to a new high after the stock split 5 for 1 last week to close at $8, the equivalent of $40 pre-split and has gained 1,300 percent since it listed in 2013 but from the low price for the stock in 2014, the gain is nearly 2,600%.
The main market of the Jamaica Stock Exchange retreated on Monday, with the All Jamaica Composite Index falling 441.51 points to close at 188,866.83, bringing the year to date gains to 12.8 percent. The JSE Market Index dived 394.79 points to finish at 169,922.32 and the JSE combined index fell 55.59 points to end at 183,086.12 with a gain for the year to date of 15.7 percent.
At the close 2,406,886 units valued at $45,582,046 changed hands, compared to 3,671,278 units valued at $37,632,036 changing hands on Friday. The junior market accounted for 626,293 units trading valued at $3,677,838 of the stocks traded.
The average trade for the day in the main market ended at 71,224 and 100,103 month to date units. On Friday, an average of 128,982 units traded. The average for the October was 220,811 units.
The market closed with 41 securities trading as the prices of 12 gained while 15 declined in the overall market, including 4 stocks rising and 5 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 6 stocks with bids higher than their last selling prices and 4 with lower offers.
JSE jumps 2,600% since 2014 low
November 7, 2016 by
