4th straight record close for JSE majors

Trading on the Main Market of the Jamaica Stock Exchange closed at a new record closing high on Thursday the fourth consecutive record close as the JSE All Jamaican Composite Index rose 516.81 points to record close of 295,611.68 and the JSE Index advanced 470.87 points to a record close at 269,335.73.
A total of 21 securities changed hands in the main market with, 8 advancing, 5 declining and 8 traded firm with 3,821,978 units valued at $54,648,279 compared to 4,324,540 units valued at $37,838,559 on Wednesday. The JSE USD Equities Index advanced 1.65 points to close at 186.63 with 1,000 units trading valued at US$598.
Trading ended with an average of 181,999 units for an average of $2,602,299 in contrast to 188,023 units for an average of $1,645,155 on Wednesday. The average volume and value for the month to date amounts to 1,441,294 units valued at $18,008,361 and 1,441,968 units valued at $22,837,126, previously. In contrast, September closed with average of 283,480 units valued at $3,630,990 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows a very strong 7 stocks with bids higher than their last selling prices, down from 6 on Tuesday and 2 with lower offers, compared to 2 on Wednesday.
Trading in Berger Paints was suspended at the start of market based on the request of the company but with no reason released to the public. At the close, JMMB Group ended at an all-time record close of $25 as supply has declined sharply in recent weeks and Scotia Group continues to quietly move back up slowly with the price closing at $50.98 and Supreme Ventures traded the largest volume with 1,783,545 shares of its stock trading.

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