Indices rebound

Solid performances by banking stocks and a recovery on the Junior Market saw the major stock indices in Caricom close the week higher. For the week, 7,264,517 shares valued at $3,259,394 crossed the floors of the six stock exchanges across Caricom, with 24 stocks advancing, 57 declining and 43 remaining unchanged.

Gleaner was the volume leader with 3,065,553 shares being traded, Scotia Group Jamaica posted the largest gain for the week (9.61%), while on the losing end, Pulse Investments fell (23.11%).

For the week, 11 of the CSX 30 stocks advanced, 15 declined and four were unchanged. The CSX 30 gained 8.18 points to close the week at 1,312.04, down 0.23 per cent year to date. In the CSX 30 there were gains for Scotia Group Jamaica (9.61%), Bank of Trade & Industry (6.90%), Ansa Mcal (4.59%), National Enterprises (1.77%), Scotia Bank TT (1.37%), Sagicor (1.36%), One Caribbean Media (1.27%) and Banks DIH (1.00%). On the losing end Lascelles fell (9.49%), Mayberry (9.09%), Neal & Massey (6.68%), CW Jamaica (5.46%), NCB Jamaica (4.54%), Gleaner (4.19%), Citizens Bank (1.85%), Guardian Holdings (1.31%), Carreras (1.08%) and Grace Kennedy (1.00%).

The Junior Market showed some improvement after several weeks of losses with five stocks advancing and seven declining. The CJSX gained 5.95 points to close the week at 1,555.13, down 14.41 per cent for the year. General Accident gained (7.18%) and Lasco Manufacturing (1.05%) and Honey Bun fell (17.46%).

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