Solid gains on Conglomerate, Manufacturing and Banking stocks saw the CSX 30 extend its rally from last week and end the week higher, while the Junior Market returned to negative territory.
For the week, 8,325,163 shares valued at $3,230,566 crossed the floors of the six stock exchanges across Caricom, with 41 stocks advancing, 39 declining and 44 remaining unchanged. Jamaica Money Market Brokers was again the volume leader with 1,284,631 shares being traded, Lascelles posted the largest gain for the week (32.69%), while on the losing end, Lasco Manufacturing fell (8.00%).
For the week, 14 of the CSX 30 stocks advanced, ten declined and six were unchanged. The CSX 30 gained 23.83 points to close the week at 1,386.46, up 5.43 per cent year to date. In the CSX 30 there were gains for Lascelles (32.69%), Scotia Group Jamaica (6.48%), CW Jamaica (4.54%), Desnoe & Geddes (3.94%), Grace Kennedy (3.72%), Republic Bank (2.37%), Ansa Mcal (1.44%) and NCB Jamaica (1.13%) and Neal & Massey (1.09%).
The Junior Market went back into negative territory with four stocks advancing and seven declining. The CJSX lost 16.20 points to close the week at 1,525.39, down 16.04 per cent for the year. There were gains for Jamaica Teas (6.13%), General Accident (5.72%), AMG Packaging (4.32%), Access Financial (2.31%) and Caribbean Producers (1.74%). On the losing end Lasco Manufacturing fell (8.00%), Blue Power (1.25%) and Lasco Distributors (1.06%).