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JSE recorded decline in May
Radio Jamaica News Online

JSE recorded decline in May

The Jamaica Stock Exchange recorded a decline in May, with the Main Index falling 1.58%, compared with April.
 
The All Jamaica Composite Index fell by about 1.6% over the month, closing down at 341,344 points at the end of April.
 
Market capitalisation on the exchange fell by about 1.6%, slipping to $1.83 trillion, compared with the previous month.
 
Despite the monthly decline, the market remains up 7.35% year-to-date and 5.08% over the last 12 months.
 
Trading activity showed mixed trends. 
 
Year-to-date, the number of transactions rose by 22.89 per cent, compared with the previous year. Total trading volume and value declined sharply, however, down more than 70 per cent.
 
On the Junior Market, the index fell 5.03% in May, continuing a downward trend, with year-to-date losses at 8.34%.
 
Meanwhile, the US dollar equities market also weakened. The index declined 7.82% in May, although it remains up nearly 15 per cent year-to-date.
 
Among individual stocks, General Accident Insurance Company recorded one of the strongest monthly gains, rising more than 50 per cent, while Sagicor Select Funds — Manufacturing and Distribution — posted one of the steepest declines, falling more than 50 per cent.
 


Syndicated from Radio Jamaica News Online · originally published .

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