Activity on the JSE is subdued on Tuesday resulted in only 202,616 units changing hands as 17 securities traded with 5 coming from the junior market, so far 7 stocks gained in price and 4 declined.
After 95 minutes of trading, gains in a number of stocks including Sagicor Real Estate Fund, that traded at a new all-time high of $9, pushed the all Jamaican Composite index up 941.71 points to 110,064.79 points. JSE Combined Index gained 793.37 points to 102,590.33, JSE Index trades at 99,420.89 points after rising 842.51 points and Junior Market Index slipped 0.10 points to 977.08.
The Real Estate Fund reported profit of 8 cents in the June quarter down from 11 cents in the June 2014 quarter and 46 cents to June versus 27 cents for the six months to June last year. As the year progress earnings per share should fall, with the lower tourism inflows.
Slow JSE morning session
August 4, 2015 by