The main market of the Jamaica Stock Exchange ended trading for the 5th straight record close on Thursday and the 14th record close for the year.
The main market ended with the JSE All Jamaican Composite Index increased by 1,724.82 points to a new closing high of 474,103.07 and the JSE Index advanced 1,567.41 points to a record 431,823.88.
At the close of trading on the main and US markets, the prices of 8 securities advanced, 12 declined and 11 traded firm as 35 securities traded, up from 37 on Wednesday.
Wigton Windfarm dominated trading with 194 million shares and 90 percent of total trades, followed by Wisynco Group with 10.7 million shares accounting for 5 percent and JMMB Group with 6.66 million units amounting to 3 percent of the day’s volume.
The main market ended with, 215,299,937 units valued $719,088,970 trading compared to 251,755,951 units valued at $252,195,249 changing hands on Wednesday.
Trading ended with an average of 6,728,123 units valued at an average of $22,471,530 for each security traded. In contrast to 7,628,968 units for an average of $7,642,280 on Wednesday. The average volume and value for the month to date amounts 2,138,107 units valued $12,895,109 and previously, 1,911,089 units valued $11,710,668. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 8 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Barita Investments lost 74 cents in trading 2,164 shares to close at $44.25, Caribbean Cement closed with a fall of $1 at $79 while trading 7,764 shares, Grace Kennedy gained 50 cents trading at $61.50, with 143,255 shares. Jamaica Broilers rose 95 cents in trading 6,442 units to close at $32.95, Jamaica Producers dropped $2 to close at $23, in trading 1,044,714 shares. Kingston Wharves settled at $70, with 3,899 units trading after gaining by $1, NCB Financial Group lost $2 trading 416,899 shares to end at $161. PanJam Investment dropped $1.40 and ended at $95.50, with 18,515 units trading, Pulse Investments finished at $2.55, with 45,001 shares, Proven Investments rose 50 cents to close at $34 with an exchange of 300 shares, Sagicor Group added $1.48 and ended trading at $49.98, with an exchange of 470,884 stock units and Seprod added $2.05 in trading 123,705 shares to close at $48.
Trading in the US dollar market ended with 38,836 units valued US$11,353. JMMB Group 6% settle at $1.06 while trading 7,608 units, Sterling Investments finished trading 2,028 units and lost 0.03 cent to close with a at 37 US cents and Sygnus Credit Investments traded 29,200 units to close at 11 US cents. The JSE USD Equities Index rose 0.40 points to close at 193.62.
5 straight record close for JSE main market
May 30, 2019 by IC Insider.com
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group
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