Jan 29: Junior stocks falter but JSE ends week on high note
The Combined Index of the Jamaica Stock Exchange rose another 959 points or 0.56 per cent to close at 170,840.11 points in daily trading Friday. For the week, the market gained 2,793 points.
Just over three million units were bought and sold on the JSE Friday, valued at $20 million, in a relatively light day of trading. For the week, volume trades topped 26.6 million units valued at $527.7 million.
In overall market activity for the week, the most heavily traded of 54 stocks were Cable & Wireless Jamaica, up nine cents to $1.60; National Commercial Bank, down 86 cents at $41.10; and Lasco Distributors, which lost 70 cents to close at $7.12.
The JSE Combined Index incorporates the main and junior markets. The JSE Index gained 757.66 points Friday to boost weekly gains by 3,643 points, and closed at 160,349.29 points; the Junior Market Index added 27 points in trading Friday but lost 71 points for the week to close down at 2,174.81 points; the JSE USD Equities Index gained 1.34 points Friday and gained 6.2 points for the week to close at 162.65 points.
The JSE Combined Index is up 1.66 per cent for the week, and has gained 12,571 points or 7.94 per cent year to date. The value of wealth trading on the JSE is now estimated at $743 billion.