{"id":727,"date":"2018-10-04T20:15:50","date_gmt":"2018-10-05T01:15:50","guid":{"rendered":"https:\/\/www.caribbeanvalueinvestor.com\/news\/?p=727"},"modified":"2018-10-09T12:10:51","modified_gmt":"2018-10-09T17:10:51","slug":"5-jse-stocks-up-100","status":"publish","type":"post","link":"https:\/\/www.caribbeanvalueinvestor.com\/news\/jamaica-stock-exchange\/5-jse-stocks-up-100\/","title":{"rendered":"5 Stocks up more than 100 percent – September 2018"},"content":{"rendered":"

5 Stocks Up More than 100% since January of 2018<\/p>\n

The Jamaica Stock Exchange has been doing exceptionally well since the Summer of 2014. In 2015, the Jamaica Stock Exchange was the number one performing Stock Exchange in the world according to Bloomberg. The JSE Combined Index was up 100%. In 2016, the index grew by a further 28.73%. In 2017 the JSE Combined Index was up 42.81% out pacing even the very famous S&P500 index which was up only 21.83%. In each case there were stocks that went up north of 100%. In this article, we will look at 5 JSE stocks that have seen price gains of 100% or more since the start of 2018. More importantly, we will take a rare-view look at some of the factors that contributed to the tremendous price appreciation in each case.<\/p>\n

Derrimon Trading Limited (JSE: $DTL)<\/h2>\n
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DTL Jan – Oct 2018<\/figcaption><\/figure>\n

Derrimon Trading company stock closed at J$7.91 on the first trading day in 2018. The stock ballooned to J$11.4 by mid June reaching a record high of J$36.80. On July 05, 2018, the board of director proposed, among other things, a 10:1 stock split. Shareholders approved the stock split at the annual general meeting held on August 22, 2018. The stock last traded at $J 2.9. Adjusted for the 10:1 stock split, that would be $29.00, up more than 263%. So what was the major contributing factor to DTL’s rise?<\/p>\n

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