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Stabroek News

All three JSE indices decline
published: Sunday | February 18, 2007

All three indices on the Jamaica Stock Exchange declined last week, as the overall capitalisation of the market declined by $11.51 billion to $822 billion on the close of trading last Friday.

The main index, JSE Market Index, fell by 1,353.77 points or 1.32 per cent to close at 100,516.59 points,. The All Jamaica Composite, and the JSE Select Indices declined by 1,512.87 points (1.44 per cent) and 41.89 points or (1.45 per cent), respectively, to close at 103,547.51 points and 2,844.04 points.

During the week ending February 16, 29,692,036 shares valued at $350,132,181.59 exchanged hands across the floor of the exchange.

The volume leader was Cable and Wireless Jamaica (C&WJ) with 9,448,377 units (31.82 per cent) followed by Mayberry Investments with 4,196,565 units (14.13%) and D&G with 2,485,619 units (8.37 per cent).

Overall, 34 stocks were traded, of which nine advanced, 22 declined and three traded firm.

Of the stocks advancing, Ciboney Group saw the greatest percentage increase in price, to close the week at five cents, one cent or 25 per cent higher than it started the week. This was followed by D&G, which gained 8.9 per cent or 80 cents to close the week at $9.80. First Caribbean Jamaica saw its share price increase by 8.7 per cent or $2.00 to close at $25.00 per share.

Of the stocks declining, Supreme Ventures had the largest percentage decline in price of 11 per cent, closing the week at $2.10 per share. Guardian Holdings declined by 10.3 per cent to close at $260.01 and C&WJ share price fell by 6.5 per cent to close at $1.01 on Friday.

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