Feb 19: Jamaican stocks limp into the weekend
The Jamaica Stock Exchange Combined Index slipped another 463 points on Friday, extending its losses to four consecutive days. For the week, the index shrank by 2,569 to close at 168,117.47 points.
On Friday, the primary movers were all main market stocks — Ciboney Group, Scotia Group Jamaica, and Jamaica Broilers. But juniors ruled the week, with General Accident, Lasco Manufacturing and Derrimon Trading accounting for a third of combined market activity.
Trading for the week spanned 56 stocks and was valued at $457 million. Despite the losses, just over half of those stocks appreciated in value, 29, while two maintained their value and 25 declined.
The combined index includes the main, junior and US dollar equities markets. On Friday, the JSE Index spiked by 64.41 points to close the day up at 157,387.02 points, the Junior Market Index declined by 58 to close at 2,182.63 points; and the JSE USD Equities Index also shed 0.09 point to close at 146.24
The combined index has gained 6.22 per cent year to date.