Wednesday’s 9,714 JSE gain biggest ever

The 9,714.07 points rise in the JSE all Jamaica Composite Index on Wednesday, is the largest move ever on the local stock market. The change betters last week’s Friday’s gain of 7,697.11 points and is larger than the April 13, 2004 fall of 9,295.39 points.
The two big moves in October this year, owe most of the gains to a 71.66 percent rise in the share price of Desnoes & Geddes (D&G) on Wednesday and 63.38 percent on Friday, October 9 which helped to move the stock from $8 to Wednesday’s price of $25.80, for a gain of 421 percent, for the year to date. With the price of the D&G stock having moved close to the equivalent price of J$31 for a share by Heineken, it does not seem likely that there will be another set any time soon.