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Wigton Windfarm leads volumes during trading on Jamaica Stock Exchange

Jamaica Stock Exchange

Wigton closed at $0.82 on Tuesday up four per cent on the day, which was the highest level since May 29 when it closed at $0.94

Wigton Windfarm shares led volumes during Tuesday’s trading of the Jamaica Stock Exchange after posting positive results.

Wigton closed at $0.82 on Tuesday up four per cent on the day, which was the highest level it has traded at since May 29 when it closed at $0.94.

It is much higher than the $0.54 the stock traded during March lows.

The release of relatively positive audited financial results spurred the jump in activity for the stock.

The profit was confirmed at $663 million for the March 2020 financial year from $494 million in 2019.

Also on Tuesday, JMMB Preference shares led gains up 24 per cent to close at $1.59 but with only 50 units trading hands.

The JSE Combined Index declined by 3,306.08 points (0.90 per cent) to close at 366,023.21.

The JSE Index declined by 3,207.50 points (0.86 per cent) to close at 368,317.40.

The JSE All Jamaican Composite Index declined by 3,476.55 points (0.85 per cent) to close at 403,619.02. The Junior Market Index declined by 33.03 points (1.29 per cent) to close at 2,522.97. The JSE USD Equities Index advanced by 0.18 points (0.10 per cent) to close at 186.03. The JSE Financial Index declined by 1.36 points (1.41 per cent) to close at 94.87.

The JSE Manufacturing and Distribution Index declined by 0.34 points (0.45 per cent) to close at 75.69.

Overall Market activity resulted from trading in 82 stocks of which 29 advanced, 40 declined and 13 traded firm.

Market volume amounted to 38,681,151 units valued at over $322.7 million. Wigton Windfarm was the volume leader with 21.9 million units (56.67per cent) followed by GraceKennedy with 2,727,880 units (7.05per cent) and Mailpac Group with 2,204,157 units (5.70per cent).

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

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