Main Market indices of the Jamaica Stock Exchange surged to the 5 consecutive day of record close on Friday. The JSE All Jamaican Composite Index jumped 2,145.18 points to end at a record close at 297,756.90 and the JSE Index climbed by 1,954.50 points to a record close of 271,290.21.
Twenty one (21) securities changed hands, in the main market and 3 in the US dollar market leading to 8 advancing, 7 declining and 9 trading firm as 5,262,809 units valued at $149,711,405 traded in the main market, compared to 3,821,978 units valued at $54,648,279 on Thursday. Three securities traded in the US dollar market accounted for 337,947 shares at a value of US$113,164 leading the JSE US Dollar Equities Index down 1.77 points to close at 184.86.
Trading ended with an average of 250,610 units for an average of $7,129,115 in contrast to 181,999 units for an average of $2,602,299 on Thursday. The average volume and value for the month to date amounts to 969,694 units valued at $15,912,359 and 1,141,294 units at an average value of $18,008,361 previously. In contrast, September closed with an average of 283,480 units 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 4 stocks with bids higher than their last selling prices, down from 7 on Thursday and 2 with lower offers, the same as on Thursday.
JMMB Group ended at a 52 weeks’ closing high of $25.11 after trading at an intraday high of $28 in early trading on Friday while Sagicor Group had the largest trade of 2,916,828 shares.
5 days of new record close for JSE
October 6, 2017 by IC Insider.com
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Daily Trading, Emerging markets, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Sagicor Group, Trading Activity
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