4th week of record close for JSE stocks

When the main market of the Jamaica Stock Exchange ended on Friday with big gains in both major market indices, it marked the fourth week on a trot that the market was ending at record weekly highs.
At the close the All Jamaica Composite Index surged sharply by 4,673.29 points to close at record 321,000.17 and the JSE Index leapt considerably by 4,257.90 points to close at record 292,467.45. Trading in the US dollar market ended with 156,714 units valued at US$36,816 with the index remaining unchanged at 183.13 points.
The market ended on Friday with 25 securities changing hands with 2 trading in the US dollar market leading 12 advanced, 5 declined and 7 traded firm with 2,104,737 units valued at $70,790,407 compared to 3,021,277 units valued at $73,512,131 on Thursday. Caribbean Cement traded at an intraday high of $40 but fell back by the close to $36.10 and Sagicor Group jumped $4.47 to $39 and would have had a major impact on the market indices.
On average 84,189 units changed hands for an average of $2,831,616 in contrast to 137,331 units for an average of $3,341,461 on Thursday. The average volume and value for the month to date amounts to 1,279,786 units valued at $17,897,455 and 1,352,159 units with an average value of $18,809,431, previously. In contrast, September closed with average of 283,480 units at $3630990 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 8 stocks with bids higher than their last selling prices and 2 with lower offers.