Business News At 7 (Jan 9, 2024)

Jamaica Stock Exchange (JSE) Main Market Shows Positive Movement

On January 9, 2024, the JSE Main Market demonstrated a positive trajectory, advancing by 554.13 points (0.17%) to close at 323,288.33 points. The JSE Composite Index also saw gains, rising by 900.26 points (0.25%) to close at 360,920.75 points.

Market Activity Overview

During the trading session, a total of 55 stocks were actively traded, with 20 experiencing gains, 27 declining, and 8 remaining firm.

Winners of the Day

Notable winners included Ciboney Group Limited (20.77%), Salada Foods Jamaica Ltd. (19.70%), JMMB Group Limited 7.35% Cumulative Redeemable Preference Share (7.53%), and Jamaica Stock Exchange (4.90%).

Losers of the Day

Conversely, some stocks experienced losses, with JMMB Group Limited 7.15% Cumulative Redeemable Preference Share leading the decline (-11.92%). Other losers included 138 Student Living Jamaica Limited (-5.76%), Berger Paints Jamaica Ltd. (-3.19%), and JMMB Group Limited 7.50% (-2.91%).

Market Volume and Value

The overall market activity witnessed a volume of 5,418,018 units, valued at over $22,750,181.95.

Volume Leaders

Leading in trading volume were Wigton Windfarm Limited Ordinary Shares, accounting for 42.88% (2,323,094 units), followed by Transjamaican Highway Limited at 13.22% (716,006 units) and Ciboney Group Limited at 11.56% (626,342 units).

BOJ Currency Trading Rates

The Bank of Jamaica reported currency trading rates as follows:

– US Dollar: BUY 157.20 / SELL 175.16

– Great Britain Pound: BUY 198.50 / SELL 219.82

– Canada Dollar: BUY 117.30 / SELL 129.63

– Euro: BUY 171.00 / SELL 189.66

The provided rates indicate the buying and selling prices for each respective currency. Investors and market participants are urged to stay updated on these figures for informed financial decisions.

Note: All data is based on the closing figures of January 9, 2024.

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