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Jamaica: Several stocks record double-digit gains on Monday

A number of stocks made double-digit gains during Monday’s trading on the Jamaica Stock Exchange.

The top gaining stocks were loss-makers as investors continue to move up these thinly traded stocks by adding higher than usual volumes.

These include GWest Corporation which gained 21 per cent to $0.91, Everything Fresh which gained 20 per cent to $1.22, SSL Venture Capital up 18 per cent to $0.67. 

Profitable companies which made strong gains included Portland JSX up 18 per cent to $8.50, Indies Pharma up 13 per cent to $3.36, Key Insurance up 12 per cent to $4.74, Caribbean Cement which gained 12 per cent to $71, AMG Packaging and Paper which gained 10 per cent to $1.80, and GraceKennedy which gained 9.7 per cent to $90.

The JSE Combined Index advanced by 3,310.45 points (0.84 per cent) to close at 397,695.23 and the JSE Index advanced by 3,840.76 points (0.97 per cent) to close at 398,369.57.

On the other hand, the Junior Market Index declined by 19.74 points (0.68 per cent) to close at 2,900.61; the JSE USD Equities Index declined by 1.63 points (0.81 per cent) to close at 199.09 and the JSE Financial Index declined by 0.37 points (0.37 per cent) to close at 100.35. The JSE Manufacturing & Distribution Index advanced by 2.93 points (3.28 per cent) to close at 92.13.

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