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US and preference shares feature in market’s sideways movement
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Wednesday Aug 09
5 hrs ago – Updated
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The market moved sideways on Tuesday with most of the top movers being US or preference shares.
Sygnus Credit US dollar shares gained 21 per cent to close at US$0.109, followed by Ciboney up 12 per cent to $1.54 and TransJamaican Highway preference shares up 11 per cent to $1.64.
On the other hand, the top decliners were 138 Student Living down 15 per cent to $84.98, Productive Business Solutions preference shares down 15 per cent to $935.27, and Eppley preference shares down 15 per cent to US$17.02.
The JSE Combined Index advanced by 64.95 points (0.02 per cent) to close at 340,412.03 points and the volume traded amounted to 23.4 million units valued at $71.4 million.
The JSE Main Index advanced by 653.62 points (0.20 per cent) to close at 326,741.46 points and the volume traded amounted to 16.4 million valued at $55 million.
The Junior Market Index declined by 59.53 points (1.51 per cent) to close at 3,882.49 points and the volume traded amounted to 7.0 million units valued at $16.4 million.
Overall market activity resulted from trading in 116 stocks of which 47 advanced, 49 declined and 20 traded firm.
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