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Stabroek News

Stock market activity lacklustre
published: Wednesday | November 1, 2006

Market activity on the Jamaica Stock Exchange continued to be lacklustre this week, indicating that investors were unimpressed with the numbers released by some companies.

Dehring, Bunting and Golding, for example, saw a marginal six per cent increase in its gross interest revenue to $1.6 billion for the six months to September 30, 2006. The company's net profit for the same period increased by just 12 per cent, to $338 million.

The Trinidadian-based company, RBTT Holdings, saw a two per cent decline in its gross interest revenue, which fell to US$142 million for its six months to September 30, 2006.

The company's net profit grew by just four per cent to US$74 million. (See company results pages for more details.)

All three indices declined on Monday with the JSE Index losing 22.80 points, to close at 85,656.61 points while the All-Jamaica Composite Index lost 45.63 points, to close at 89,943.97 points. The Jamaica Select Index lost 15.22 points as it closed trading at 2,436.73 points.

In yesterday's trading, while all three indices advanced, trading was extremely thin as just under three million units, with a total value of $13.86 million traded.

The JSE Index advanced by 299.31 points to close at 85,955.93 points. The JSE All Jamaican Composite Index advanced by 606.45 points to close at 90,550.42 points and the Jamaica Select Index advanced by 15.22 points to close at 2,436.73 points.

business@gleanerjm.com

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