17 rising stocks for JSE – Wednesday

Trading levels slipped further on the main market of the Jamaica Stock Exchange on Wednesday, but the market indices rose moderately on the back of a strong advance decline ratio of 2 to 1.
Main market activity ended with 2,161,352 units valued at $54,090,319, compared to 3,483,939 units valued at $97,848,026 on Tuesday.
The main and US markets traded a total of 36 securities, with prices of 17 rising, 8 declining with 11 remaining unchanged, compared to 29 securities trading on Tuesday.
At the close, the All Jamaican Composite Index increased by 563.36 points to 405,633.54 and the JSE Index advanced 512.73 points to close at 369,586.56.
JMMB Group 7.5% preference share led trading with just 434,845 units for 20 percent of the day’s volume, followed by Proven Investments with 320,020 units in the Jamaica market, accounting for 15 percent of the total main market volume changing hands and Mayberry Investments with 309,300 units and 14 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 17 stocks ending with bids higher than their last selling prices and 8 closing with lower offers.
An average of 65,496 units valued at $1,639,101, in contrast to 129,035 shares valued at $3,624,001 on Tuesday. The average volume and value for the month to date amounts 97,161 units valued at $2,776,359 compared to 98,833 units valued at $2,713,553, previously. Trading for December ended, with an average of 835,037 units with a value of $25,906,477, for each security traded.
In main market activity, Caribbean Cement climbed $2.30 to close at $43.50, with 65,758 shares changing hands, Jamaica Broilers gained 50 cents to close at $28.90, with an exchange of 14,712 units, Jamaica Stock Exchange rose 50 cents to end at a 52 weeks’ high of $12.50, trading 32,605 shares. JMMB Group rose 40 cents to close at $32.50 trading of 32,269 shares. Kingston Wharves gained 25 cents and settled at $69.75, with 7,130 units changing hands, PanJam Investment lost 85 cents and ended at $71.15, with 153,775 units trading, Pulse Investments lost 80 cents and finished at $3.20, with an exchange of just 729 shares. Sagicor Group  lost $1.50 in trading of 15,857 stock units, to close at $38.50, Sagicor Real Estate Fund gained 45 cents and settled at $10.60, with 10,500 shares changing hands, Salada Foods jumped $3 and ended trading at an all-time high of $38, with 4,300 stock units trading. Scotia Group  lost 25 cents to end trading of 8,405 shares at $52, Seprod gained 50 cents to end at $32 with an exchange of 18,041 shares, Stanley Motta gained 69 cents in trading 15,950 units to close at $5 and Supreme Ventures  climbed 96 cents and ended at $19.96, trading 63,554 shares.
Trading in the US dollar market resulted in 15,860 units valued at $2,984, changing hands. JMMB Group 6.00% preference share traded with 100 units at US$1.07, Proven Investments traded 12,360 units at 21 US cents and Sygnus Credit Investments Jamaica dollar denominated shares traded 3,400 units to close at 8 US cents after slipping 1 cent. The JSE USD Equities Index declined by 0.71 points to close at 164.36.