Scotia Group stock price surged $3.42 seconds before 10:45AM with 525,810 shares trading at $32.43, after the Jamaica Stock Market indices rose modestly in early trading, but fell back modestly ahead of the Scotia Group jump. Trading on Wednesday remains moderate with only a few stocks trading reasonable volumes at this time of the day.
Jamaica Producers Group (JPG) is the second leading trade with 486,781 units as the price rose 30 cents to $8.20, there are no JPG stock currently being offered for sale. Other noticeable trades include Cable & Wireless with 273,653 units at $1.06, Consolidated Bakeries with 48,150 shares at $2.50, after the company posted profit for the six months to June of $27 million versus $15 million in 2015 with earnings per share ending at 12 cents for the period an just 2 cents for the June quarter. Honey Bun traded 38,815 shares at $5.60 and Jetcon Corporation with 64,203 units at $2.85, with a 15 cents gain.
The market indices all fell in the main and junior markets, with 8 stocks gaining versus 6 that fell.
At 10:45 am only 19 securities traded, resulting in a volume of 1,538,095 shares changing hands. The average number of shares traded amounts to 80,952 units compared to 123,831 units on Tuesday.
The all Jamaica Composite Index surged 1,799.16 points to 180,075.01, the Jamaica Stock Exchange Market Index climbed 1,608.77 points to 162,060.85, the Jamaica Stock Exchange combined index gained 1,415.02 points to close at 173,208.97 and the junior market index lost 7.53 points to 2,230.54.
Scotia pushes JSE early Wednesday
August 17, 2016 by
