Real estate stocks posted heavy gains and losses on Friday’s trading on the Jamaica Stock Exchange (JSE).
Smaller real estate stocks, 138 Student Living, which constructs dorms on universities, led gains up 21 per cent to $16.50.
This was followed by KLE Group up 15 per cent to $2.72. KLE announced plans to focus on the real estate arm of its business and divest its restaurant operations to an affiliated entity.
On the other hand, the large real estate stocks dipped in price led by Kingston Properties down eight per cent, followed by FirstRock, Stanley Motta, and Sygnus Real Estate.
The JSE Combined Index declined by 1,697.80 points (0.42 per cent) to close at 402,082.92 points and the volume traded amounted to 34,010,060 valued at $269,849,706.88.
The Junior Market Index declined by 37.43 points (0.89 per cent) to close at 4,185.90 points and the volume traded amounted to 20,898,865 valued at $96,173,773.37.
Also on the day, JSE USD Equities Index declined by 1.34 points (0.65 per cent) to close at 205.51 points and the volume traded amounted to 620,900 valued at $10,172.53.
The JSE Cross Listed Index declined by 0.05 points (0.07 per cent) to close at 67.08 points and the volume traded amounted to 41,370 valued at $4,778,138.82.
The JSE Financial Index declined by 0.63 points (0.67 per cent) to close at 93.82 points and the volume traded amounted to 3,603,425 valued at $59,912,839.61.
On the other hand, JSE Manufacturing & Distribution Index advanced by 0.19 points (0.17 per cent) to close at 109.77 points and the volume traded amounted to 18,325,281 valued at $153,740,512.28.
Overall Market activity resulted from trading in 105 stocks of which 47 advanced, 42 declined and 16 traded firm. The JA$ Market Volume amounted to 34 million units valued at $270 million.
The US-dollar market volume (excluding blocks) amounted to 620,900 units valued at US$10,172.