With the news that National Commercial Bank (NCB) will be buying 30 percent of Guardian Holdings’ shares, the Jamaica Stock Exchange came to life with the 3 main market indices all climbing, as NCB traded at $37.50 with 628,375 units to gain $1.75. NCB’s bid is at $37 to buy 10,000 units and the offer at $45, to sell only 2,250 shares. Trading on the junior market has been low keyed, with very small volumes so far.
Interesting trades, with 75 minutes having elapsed, are Cable & Wireless with 913,965 units and last traded at $1.54 for a 6 cents fall from Monday’s last traded price, Caribbean Cement trading at a new 52 weeks’ high of $19.50, Sagicor Group lost 24 cents in trading 486,055 units at $16.30.
At 10.45 am, the all Jamaica Composite Index is up 907.24 points to 156,515.85, the JSE Market Index gained 811.81 points to 140,985.78, the JSE combined index rose 802.67 points to be at 147,778.60 and the junior market index rose 4.06 points to 1,642.52.
In trading, 25 securities have changed hands with a volume of 2,684,406 units as 8 stocks gained and 7 declined.
NCB wakes up JSE
December 1, 2015 by
