Jamaica Stock Exchange market summary for week of June 7– 11 jamaicaobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jamaicaobserver.com Daily Mail and Mail on Sunday newspapers.
Loop Business - Updated
Kingston Properties stock stock gained 34 per cent to close at $11.75 on Thursday, June 10, 2021.
Kingston Properties stock grew by one-third in value on Thursday to lead gains during trading on the Jamaica Stock Exchange (JSE).
The stock gained 34 per cent to close at $11.75. The move came with thin volumes of 870 units and so the raise will likely only remain for a short period.
Meanwhile, JMMB preference shares gained 16 per cent to $2.31 and 138 Student Living gained 14 per cent to close at $1.00
The top declining stocks were preference shares of 138 Student Living Variable shares down 24 per cent to $6.00, and iCreate down 13 per cent to $0.77.
Loop News
The Jamaica Stock Exchange (JSE) is currently trading sideways as no stock gained double-digit levels on Wednesday.
A sideways trading market is when investment prices remain within a tight range for any period.
Overall Market activity resulted from trading in 90 stocks of which 34 advanced, 35 declined and 21 traded firm.
The JSE market index currently hovers within a tight band of between 422,000 and 426,000 points over the last fortnight.
Sterling Investments gained eight per cent to $3.29 followed by Express Catering which gained 5.3 per cent. The top declining stock was Margaritaville Turks down 9.0 per cent to $14.13, followed by SSL Venture Capital which dipped 8.0 per cent to $0.56.